Office Building with
New
For Sale
$189,900
2963 W Dickman Road, Springfield, MI 49037
Commercial Sale, Springfield, MI
Property Size1,128 SF
Lot Size0.42 Acres
Price / SF$168.35
Days on Market4
Property Features for 2963 W Dickman Road
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
IRT
Bathrooms
1
Full bathrooms
1
Rooms
Basement, Bathroom 1
Elementary school district
Battle Creek
Middle school district
Battle Creek
High school district
Battle Creek
Standard status
Active
APN
54-080-035-00
Size
1,128 SF
Lot size
0.42 Acres
Additional Details
Property Use
Office
Taxes and HOA fees
Tax Year
2025
Tax Description
SP CITY, EDGEWOOD, W 1/2 OF LOT 12, LOTS 13, 14 & 15, BLK 11. *** TIFA-B 86 SEV 12,400 ***
Tax Annual Amount
3267
Legal Description
SP CITY, EDGEWOOD, W 1/2 OF LOT 12, LOTS 13, 14 & 15, BLK 11. *** TIFA-B 86 SEV 12,400 ***
Utilities
Utilities
Cable Available
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1930
Number of units
1
Building materials
Aluminum Siding, Wood Siding
Roof type
Composition
Listing Agency:
EB Realty LLC
Listed By:
Eric Blair
(269) 420-6868
Added: Oct 24
Last Checked: Oct 27 at 6:06PM
MLS# 26056760
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 1,128-square-foot office building sits on a 0.42-acre parcel and includes a basement and shared restroom. Previously used as a chiropractic office, the property has forced-air heat, central air conditioning, and aluminum and wood siding. A replacement roof was installed in September 2025; the building dates to 1930.
At 2963 W Dickman Road in Springfield, the property has frontage on three streets and is near the Helmer Road intersection. On-site parking serves the property, which also has cable available.
At 2963 W Dickman Road in Springfield, the property has frontage on three streets and is near the Helmer Road intersection. On-site parking serves the property, which also has cable available.
Key Highlights
- 1,128‑square‑foot office building on a 0.42‑acre parcel
- Basement provides storage or workspace
- Frontage on three streets, near the Helmer Road intersection
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,426
Cap Rate
6.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$248,520
$248.5K
Cap Rate 7%
$177,514
$177.5K
Cap Rate 9%
$138,067
$138.1K
Market Conditions
NOI Build-Up for 1,128 SF
Gross rent
$19.2K $17.04/SF
− Vacancy
−$2.7K −$2.35/SF
EGI
$16.6K $14.69/SF
− OpEx
−$4.1K −$3.67/SF
NOI
$12.4K $11.02/SF
Area
Calhoun County, MI
Vacancy
13.80%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$248,520
Cap Rate 7%
$177,514
Cap Rate 9%
$138,067
Alternative Uses
Best Use
Healthcare Medical
$13.38M
$11.71M – $15.61M
NOI $936,652 @ 7.0% cap · market cap 493.23%
Second Best
Office B
$177.5K
$155.3K – $207.1K
NOI $12,426 @ 7.0% cap · market cap 6.54%
Theoretical Best
—
—
same as Best Use
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
190
Businesses Nearby
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
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - A basement adds storage or work area to this compact professional office property.
Where is this office building located?
The property is located at 2963 W Dickman Road Springfield, MI.
What is the asking price?
The asking price for this property is $189,900.
What are key features of this property?
This property features: 1,128‑square‑foot office building on a 0.42‑acre parcel; Basement provides storage or workspace; Frontage on three streets, near the Helmer Road intersection
