Downtown Flex Building with
For Sale
$390,000
222 S Maple St, Fennville, MI 49408
Commercially zoned flex property includes warehouse space plus office/retail area totaling 4,228 SF.
Property Size4,228 SF
Price / SF$92.24
Days on Market185
Property Features for 222 S Maple St
General Information
Standard status
Active
Size
4,228 SF
Property subtype
Retail
Zoning
CHECK
Listing Agency:
Bradley Company
Listed By:
Jordan Wenzel · License #6501452030APP23
(616) 206-7658
Source:
Carwm.resimplifi
Added: Apr 23
Changed: Oct 15
Last Checked: Oct 23 at 3:31AM
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 Bradley Company
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Investment Insights
Based on property information with market context.
This commercially zoned flex property offers a combined layout of warehouse and office/retail space. The building includes 1,968 SF of warehouse area and 2,260 SF of office/retail space, for a total of 4,228 SF.
The property is located on the south edge of downtown Fennville, Michigan, at 222 South Maple Street.
For businesses looking for both back-of-house storage and front-facing office or retail functionality, the split configuration provides space for multiple operating needs within a single building footprint.
The property is located on the south edge of downtown Fennville, Michigan, at 222 South Maple Street.
For businesses looking for both back-of-house storage and front-facing office or retail functionality, the split configuration provides space for multiple operating needs within a single building footprint.
Key Highlights
- 4,228 SF commercially zoned flex property on the south edge of downtown Fennville, MI
- Includes 1,968 SF warehouse space
- Includes 2,260 SF office/retail space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,008
Cap Rate
6.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$480,160
$480.2K
Cap Rate 7%
$342,971
$343.0K
Cap Rate 9%
$266,756
$266.8K
Market Conditions
NOI Build-Up for 4,228 SF
Gross rent
$29.1K $6.88/SF
− Vacancy
−$844 −$0.20/SF
EGI
$28.2K $6.68/SF
− OpEx
−$4.2K −$1.00/SF
NOI
$24.0K $5.68/SF
Area
Allegan County, MI
Vacancy
2.90%
Lease Rate
$6.88 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$480,160
Cap Rate 7%
$342,971
Cap Rate 9%
$266,756
Alternative Uses
Best Use
Office B
$665.4K
$582.2K – $776.3K
NOI $46,577 @ 7.0% cap · market cap 11.94%
Second Best
Warehouse
$343.0K
$300.1K – $400.1K
NOI $24,008 @ 7.0% cap · market cap 6.16%
Theoretical Best
Hotel Hospitality
$39.71M
$34.74M – $46.32M
NOI $2,779,370 @ 7.0% cap · market cap 712.66%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
144
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 49408, MI
9,830
Population
4,933
Households
2
Avg Household Size
44
Median Age
24%
College-Educated
88%
High-School Grad
108.0 sq mi
ZIP Area
91
Density / Sq Mi
$69,155
Median Household Income
$40,547
Median Earnings
$918
Median Rent
$210,300
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Commercially zoned flex property includes warehouse space plus office/retail area totaling 4,228 SF.
Where is this flex space located?
The property is located at 222 S Maple St Fennville, MI.
What is the asking price?
The asking price for this property is $390,000.
What are key features of this property?
This property features: 4,228 SF commercially zoned flex property on the south edge of downtown Fennville, MI; Includes 1,968 SF warehouse space; Includes 2,260 SF office/retail space
