Flex Redevelopment
2100 W Dickman Road W Springfield, MI 49037
For Sale
$700,000
Redevelopment site with a 3,200 SF office building, 1,344 SF warehouse, paved parking, and dual road access.
Lot Size3.15 Acres
Days on Market8
Property Features for 2100 W Dickman Road W
General Information
Standard status
Active
Lot size
3.15 Acres
Property subtype
Commercial
Building Details
Year Built
1997
Listing Agency:
NAI Wisinski of West Michigan
(269) 353-0311
Listed By:
Jodi K Milks · License #6506044331
Source:
Carolbollo
Added: Jul 22
Changed: Jul 25
Last Checked: Jul 28 at 4:47PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI Wisinski of West Michigan
Investment Insights
Based on property information with market context.
Redevelopment opportunity consisting of approximately 3.15 acres across four parcels at the former RightWay Auto Sales site. The property includes a 3,200 SF office building and a 1,344 SF warehouse featuring two exterior overhead doors, supported by abundant paved parking. Signage includes both pylon and building signage, providing branding and wayfinding for the site.
Access is available from both W. Dickman Road and N. 20th Street, and the property is located at the northwest corner of those two roads. The site is positioned along one of Springfield’s primary commercial corridors, supporting visibility for retail, service, and light commercial activity consistent with the existing B-2 General Commercial zoning.
The offering includes multiple parcels and a mixed office/warehouse configuration, with zoning B-2 General Commercial and exterior loading through two overhead doors.
Access is available from both W. Dickman Road and N. 20th Street, and the property is located at the northwest corner of those two roads. The site is positioned along one of Springfield’s primary commercial corridors, supporting visibility for retail, service, and light commercial activity consistent with the existing B-2 General Commercial zoning.
The offering includes multiple parcels and a mixed office/warehouse configuration, with zoning B-2 General Commercial and exterior loading through two overhead doors.
Key Highlights
- Redevelopment opportunity on approx. 3.15 acres across four parcels at the former RightWay Auto Sales site
- Includes a 3,200 SF office building and a 1,344 SF warehouse with two exterior overhead doors
- Abundant paved parking plus pylon and building signage
Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $97.1k | $21.36 |
| − Vacancy | −$2.3k | −$0.51 |
| EGI | $94.7k | $20.85 |
| − OpEx | −$33.2k | −$7.30 |
| NOI | $61.6k | $13.55 |
4,544 SF · lease $21.36/SF/yr · vacancy 2.40% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$879.6K
$769.7K – $1.03M
NOI $61,575 @ 7.0% cap · market cap 8.80%
Second Best
Office B
$715.1K
$625.7K – $834.3K
NOI $50,058 @ 7.0% cap · market cap 7.15%
Theoretical Best
Healthcare Medical
$53.90M
$47.16M – $62.89M
NOI $3,773,179 @ 7.0% cap · market cap 539.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Flex space - Redevelopment site with a 3,200 SF office building, 1,344 SF warehouse, paved parking, and dual road access.
Where is this flex space located?
The property is located at 2100 W Dickman Road W Springfield, MI.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Redevelopment opportunity on approx. 3.15 acres across four parcels at the former RightWay Auto Sales site; Includes a 3,200 SF office building and a 1,344 SF warehouse with two exterior overhead doors; Abundant paved parking plus pylon and building signage
