Industrial Flex Building with
2569 111th Ave Allegan, MI 49010
2569 111th Ave, Allegan, MI, 49010
$280,000
For Sale
$280,000
4,000 SF industrial flex building with finished office space, two bathrooms, and a shop with epoxy floors and floor drain.
Property Size4,000 SF
Price / SF$70
Days on Market11
Property Features for 2569 111th Ave
General Information
- Standard status
- Active
- Size
- 4,000 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2015
Listing agency
Keller Williams GR East
(616) 893-6478
Listed by
Lucas Howard · License #6502359815
(616) 893-6478
Source
Elliman
Added: Jul 12 Updated: Jul 13 at 2:38AM Checked: Jul 21 at 6:27AM
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
Investment Insights
Based on property information with market context.
This industrial flex building offers a total of 4,000 SF, combining finished office space with an attached shop area. The finished offices include a kitchenette and a bathroom. The shop features chemical/slip-resistant industrial floor epoxy, thick concrete suited for heavy equipment, a floor drain, and a mini-split heating system, along with a second bathroom.
The property is described as being just south of Allegan near M-89. Industrial zoning supports a range of uses such as distribution, manufacturing, storage, and processing.
Electrical service is listed at 200 amp, with the possibility of 320. Buyer should confirm all utility, zoning, and use details during due diligence.
The property is described as being just south of Allegan near M-89. Industrial zoning supports a range of uses such as distribution, manufacturing, storage, and processing.
Electrical service is listed at 200 amp, with the possibility of 320. Buyer should confirm all utility, zoning, and use details during due diligence.
Key Highlights
- 4,000 SF commercial/industrial flex building built in 2015
- Industrial zoning suitable for distribution, manufacturing, storage, and processing uses
- Finished office space includes a kitchenette and bathroom
Local Financial Insights For Warehouse
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 | $27.5k | $6.88 |
| − Vacancy | −$798 | −$0.20 |
| EGI | $26.7k | $6.68 |
| − OpEx | −$4.0k | −$1.00 |
| NOI | $22.7k | $5.68 |
4,000 SF · lease $6.88/SF/yr · vacancy 2.90% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$324.5K
$283.9K – $378.6K
NOI $22,714 @ 7.0% cap · market cap 8.11%
Second Best
Industrial
$267.2K
$233.8K – $311.8K
NOI $18,705 @ 7.0% cap · market cap 6.68%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - 4,000 SF industrial flex building with finished office space, two bathrooms, and a shop with epoxy floors and floor drain.
Where is this flex space located?
The property is located at 2569 111th Ave 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 commercial/industrial flex building built in 2015; Industrial zoning suitable for distribution, manufacturing, storage, and processing uses; Finished office space includes a kitchenette and bathroom
