Office-Warehouse Flex
New
For Sale
$415,000
2869 W Dickman Road, Springfield, MI 49037
Commercial Sale, Springfield, MI
Property Size3,560 SF
Lot Size0.45 Acres
Price / SF$116.57
Days on Market2
Property Features for 2869 W Dickman Road
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
IRT
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Elementary school district
Battle Creek
Middle school district
Battle Creek
High school district
Battle Creek
Standard status
Active
APN
54-080-027-00
Size
3,560 SF
Lot size
0.45 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
SP CITY, EDGEWOOD, LOTS 14, 15, 20 & 21, BLK 10.
Tax Annual Amount
3678
Legal Description
SP CITY, EDGEWOOD, LOTS 14, 15, 20 & 21, BLK 10.
Utilities
Utilities
Natural Gas Available
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1950
Number of units
1
Listing Agency:
eXp Realty
(269) 600-4397
Listed By:
Raymond Yager · License #6501436625
(517) 937-2408
Added: Oct 7
Last Checked: Oct 8 at 1:06AM
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.
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
Healthcare Medical
$42.23M
$36.95M – $49.27M
NOI $2,956,100 @ 7.0% cap · market cap 712.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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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
