Industrial Flex Building with Office
For Sale
$280,000
2569 111th, Allegan, MI 49010
Finished offices and a durable shop area support a range of industrial operations.
Property Size4,000 SF
Price / SF$70
Days on Market113
Property Features for 2569 111th
General Information
Standard status
Active
Size
4,000 SF
Property subtype
Commercial/Industrial
Zoning
Industrial
Additional Details
Property Use
Industrial
Building Details
Year Built
2015
Listing Agency:
Keller Williams Gr East
(616) 575-1800
Listed By:
Lucas Howard · License #6502388024
(616) 893-6478
Source:
Jabachler
Added: Jul 8
Changed: Oct 27
Last Checked: Oct 27 at 3:28AM
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 Keller Williams Gr East
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Investment Insights
Based on property information with market context.
Built in 2015, this 4,000-square-foot flex building combines finished office space with a shop area. The office includes a kitchenette and bathroom. In the shop, chemical- and slip-resistant epoxy coats the floor, while thick concrete accommodates heavy equipment. A floor drain, mini-split heating system, and second bathroom serve the work area.
The property is just south of Allegan near M-89 and is zoned for industrial use. The zoning supports activities such as distribution, manufacturing, storage, and processing.
The property is just south of Allegan near M-89 and is zoned for industrial use. The zoning supports activities such as distribution, manufacturing, storage, and processing.
Key Highlights
- 4,000 SF building, built in 2015
- Industrial zoning
- Finished office space with kitchenette and bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,705
Cap Rate
6.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$374,100
$374.1K
Cap Rate 7%
$267,214
$267.2K
Cap Rate 9%
$207,833
$207.8K
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$27.5K $6.88/SF
− Vacancy
−$798 −$0.20/SF
EGI
$26.7K $6.68/SF
− OpEx
−$8.0K −$2.00/SF
NOI
$18.7K $4.68/SF
Area
Allegan County, MI
Vacancy
2.90%
Lease Rate
$6.88 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$374,100
Cap Rate 7%
$267,214
Cap Rate 9%
$207,833
Alternative Uses
Best Use
Industrial
$267.2K
$233.8K – $311.8K
NOI $18,705 @ 7.0% cap · market cap 6.68%
Second Best
Flex RnD
$246.7K
$215.9K – $287.8K
NOI $17,268 @ 7.0% cap · market cap 6.17%
Theoretical Best
Hotel Hospitality
$37.56M
$32.87M – $43.82M
NOI $2,629,489 @ 7.0% cap · market cap 939.10%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
26
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 49010, MI
18,183
Population
7,222
Households
2.5
Avg Household Size
41
Median Age
18%
College-Educated
93%
High-School Grad
156.6 sq mi
ZIP Area
116
Density / Sq Mi
$72,361
Median Household Income
$42,133
Median Earnings
$1,061
Median Rent
$204,200
Median Home Value
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Finished offices and a durable shop area support a range of industrial operations.
Where is this flex space located?
The property is located at 2569 111th Allegan, MI.
What is the asking price?
The asking price for this property is $280,000.
What are key features of this property?
This property features: 4,000 SF building, built in 2015; Industrial zoning; Finished office space with kitchenette and bathroom
