Flex Space with Industrial
For Sale
$280,000
2569 111th Avenue, Allegan, MI 49010
Commercial Sale, Allegan, MI
Property Size4,000 SF
Lot Size0.60 Acres
Price / SF$70
Days on Market95
Property Features for 2569 111th Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
I-1
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Elementary school district
Allegan
Middle school district
Allegan
High school district
Allegan
Directions
On 111th, near M89
Standard status
Active
APN
21-001-038-30
Size
4,000 SF
Lot size
0.60 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
COM W 1/8 PST NW 1/4 TH N 00DEG 01'20'' W 540'; TH S 88DEG 54'00'' E 509' TO POB; TH CONT S 88DEG 54'00'' E 217'; TH N 0
Tax Annual Amount
2002
Legal Description
COM W 1/8 PST NW 1/4 TH N 00DEG 01'20'' W 540'; TH S 88DEG 54'00'' E 509' TO POB; TH CONT S 88DEG 54'00'' E 217'; TH N 0
Utilities
Utilities
Natural Gas Available
Sewer type
Septic Tank
Heating system
Space Heater
Water source
Well
Amenities
kitchenette
bathroom
Building Details
Year built
2015
Floors in Building
1
Number of units
1
Building materials
Metal Siding
Roof type
Composition
Listing Agency:
Keller Williams GR East · Keller Williams Realty
(616) 575-1800
Listed By:
Lucas Howard · License #6502388024
(616) 893-6478
Added: Jul 8
Changed: Oct 8
Last Checked: Oct 10 at 7:06AM
MLS# 26035289
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 4,000-square-foot flex property combines finished office space with an industrial shop area. The office component includes a kitchenette and bathroom, while a second bathroom serves the broader building. The shop is equipped with chemical- and slip-resistant industrial floor epoxy, thick concrete designed for heavy equipment, and a floor drain. The building was constructed in 2015 and has metal siding, a composition roof, natural gas availability, well water, and septic service.
Set just south of Allegan near M-89, the property is industrial-zoned and supports a range of business functions identified for the site, including distribution, manufacturing, storage, and processing. The 0.6-acre parcel provides the setting for this single-building commercial property.
Set just south of Allegan near M-89, the property is industrial-zoned and supports a range of business functions identified for the site, including distribution, manufacturing, storage, and processing. The 0.6-acre parcel provides the setting for this single-building commercial property.
Key Highlights
- 4,000 SF flex building on a 0.6‑acre parcel
- Industrial zoning supports distribution, manufacturing, storage, and processing uses
- Finished office space with kitchenette and bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,714
Cap Rate
8.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$454,280
$454.3K
Cap Rate 7%
$324,486
$324.5K
Cap Rate 9%
$252,378
$252.4K
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
−$4.0K −$1.00/SF
NOI
$22.7K $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%
$454,280
Cap Rate 7%
$324,486
Cap Rate 9%
$252,378
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 authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
17
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Flex space - Industrial-zoned flex property with finished offices, a kitchenette, two bathrooms, and a heavy-duty shop area.
Where is this flex space located?
The property is located at 2569 111th Avenue 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 flex building on a 0.6‑acre parcel; Industrial zoning supports distribution, manufacturing, storage, and processing uses; Finished office space with kitchenette and bathroom
