Office-Warehouse Flex
2869 W Dickman Road, Springfield, MI 49037
For Sale
$415,000
Commercial Sale, Springfield, MI
Property Size3,560 SF
Lot Size0.45 Acres
Price / SF$116.57
Days on Market35
Property Features for 2869 W Dickman Road
General Information
Property type
Property subtype
Zoning description
Bathrooms
Full bathrooms
Rooms
Elementary school district
Middle school district
High school district
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Heating system
Cooling system
Building Details
Year built
Number of units
Listing Agency:
eXp Realty
(269) 600-4397
Listed By:
Raymond Yager · License MI #6501436625
(517) 937-2408
Added: Oct 7
Last Checked: Nov 10 at 5:06PM
MLS# 26053300
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.
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Investment Insights
Based on property information with market context.
This 3,560-square-foot flex property combines office space at the front with warehouse space at the rear. The building was constructed in 1950 and has been remodeled. Forced-air heating, central air conditioning, and natural gas availability are noted. Customer parking is positioned by the office, while a larger parking area serves the rear of the property.
The 0.45-acre site fronts W Dickman Road in Springfield, Michigan.
The 0.45-acre site fronts W Dickman Road in Springfield, Michigan.
Key Highlights
- 3,560‑square‑foot flex building with front office and rear warehouse areas
- 0.45‑acre site at 2869 W Dickman Road, Springfield, MI 49037
- Constructed in 1950 and remodeled
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,736
Cap Rate
6.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$534,720
$534.7K
Cap Rate 7%
$381,943
$381.9K
Cap Rate 9%
$297,067
$297.1K
Market Conditions
NOI Build-Up for 3,560 SF
Gross rent
$33.7K $9.48/SF
− Vacancy
−$2.3K −$0.64/SF
EGI
$31.5K $8.84/SF
− OpEx
−$4.7K −$1.33/SF
NOI
$26.7K $7.51/SF
Area
Calhoun County, MI
Vacancy
6.80%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$534,720
Cap Rate 7%
$381,943
Cap Rate 9%
$297,067
Alternative Uses
Best Use
Flex RnD
$689.2K
$603.0K – $804.0K
NOI $48,241 @ 7.0% cap · market cap 11.62%
Second Best
Warehouse
$381.9K
$334.2K – $445.6K
NOI $26,736 @ 7.0% cap · market cap 6.44%
Theoretical Best
Office A
$749.1K
$655.5K – $874.0K
NOI $52,438 @ 7.0% cap · market cap 12.64%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
212
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 49037, MI
21,427
Population
9,971
Households
2.1
Avg Household Size
37
Median Age
12%
College-Educated
88%
High-School Grad
19.3 sq mi
ZIP Area
1,110
Density / Sq Mi
$42,598
Median Household Income
$32,024
Median Earnings
$843
Median Rent
$90,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Flex space in Calhoun County, MI
Properties on Market for Flex space in Calhoun County
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Separate customer parking serves the front office, with a larger parking area behind the building.
Where is this flex space located?
The property is located at 2869 W Dickman Road Springfield, MI.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: 3,560‑square‑foot flex building with front office and rear warehouse areas; 0.45‑acre site at 2869 W Dickman Road, Springfield, MI 49037; Constructed in 1950 and remodeled
