Mixed-Use Building with
For Sale
$649,000
305 Main St, Coopersville, MI 49404
An upstairs apartment sits above two commercial suites in a C-2-zoned building with rear parking.
Property Size6,324 SF
Lot Size0.29 Acres
Price / SF$102.62
Days on Market14
Property Features for 305 Main St
General Information
Standard status
Active
Size
6,324 SF
Total Parking Spaces
20
Lot size
0.29 Acres
Property subtype
Investment
Zoning
C-2
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Mixed-Use Components
retail, office, residential
Tenancy & Operations
Currently Operating
Yes
Tenant in Place
Yes
Additional Details
Office Units
1
Property Use
Mixed-use
Amenities
Power
Water
Sewer
Natural Gas
20 Parking Spaces
Building Details
Buildings
1
Stories
2
Building Size
6,324 SF
Construction
brick
Tenancy
Multi
Abandoned
No
Listing Agency:
MOXIE Real Estate + Development
Listed By:
Chase Klimczak
(616) 460-7212
Source:
Carwm.resimplifi
Added: Oct 16
Changed: Oct 27
Last Checked: Oct 28 at 4:47AM
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 MOXIE Real Estate + Development
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Investment Insights
Based on property information with market context.
This two-story mixed-use building contains approximately 6,324 SF on 0.29 acres. Two storefronts occupy the ground level, with a residential apartment above. Interior details include exposed brick and hardwood flooring in one storefront, tin ceilings and a front display window in the other, and hardwood floors, a full kitchen with an island, and period woodwork in the apartment. The property is zoned C-2, and the storefronts have short lease terms.
The building is on Main Street in downtown Coopersville, near the downtown courtyard, pavilion, shops, and restaurants. I-96 is about a mile away. City water and sewer serve the property; electric service is from Consumers Energy, and gas service is from Michigan Gas Utilities.
The building is on Main Street in downtown Coopersville, near the downtown courtyard, pavilion, shops, and restaurants. I-96 is about a mile away. City water and sewer serve the property; electric service is from Consumers Energy, and gas service is from Michigan Gas Utilities.
Key Highlights
- Two‑story building with approximately 6,324 SF on 0.29 acres
- Two ground‑floor storefronts and an upstairs residential apartment
- C‑2 Central Business District zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,624
Cap Rate
8.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,092,480
$1.1M
Cap Rate 7%
$780,343
$780.3K
Cap Rate 9%
$606,933
$606.9K
Market Conditions
NOI Build-Up for 6,324 SF
Gross rent
$92.6K $14.64/SF
− Vacancy
−$5.2K −$0.82/SF
EGI
$87.4K $13.82/SF
− OpEx
−$32.8K −$5.18/SF
NOI
$54.6K $8.64/SF
Area
Ottawa County, MI
Vacancy
5.60%
Lease Rate
$14.64 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,092,480
Cap Rate 7%
$780,343
Cap Rate 9%
$606,933
Alternative Uses
Best Use
Retail
$937.8K
$820.6K – $1.09M
NOI $65,649 @ 7.0% cap · market cap 10.12%
Second Best
Mixed Use
$780.3K
$682.8K – $910.4K
NOI $54,624 @ 7.0% cap · market cap 8.42%
Theoretical Best
Multifamily LT 5
$78.64M
$68.81M – $91.75M
NOI $5,504,846 @ 7.0% cap · market cap 848.20%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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See the owner, sales and loan history
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Current Use
Lease Details
1
Office units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
248
Businesses Nearby
5k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Shell
Shops & Services
5,113 visits/mo
0.4 miles
Demographics for 49404, MI
8,913
Population
3,369
Households
2.6
Avg Household Size
36
Median Age
25%
College-Educated
93%
High-School Grad
62.4 sq mi
ZIP Area
143
Density / Sq Mi
$77,970
Median Household Income
$41,755
Median Earnings
$1,041
Median Rent
$271,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - An upstairs apartment sits above two commercial suites in a C-2-zoned building with rear parking.
Where is this mixed-use property located?
The property is located at 305 Main St Coopersville, MI.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Two‑story building with approximately 6,324 SF on 0.29 acres; Two ground‑floor storefronts and an upstairs residential apartment; C‑2 Central Business District zoning
