Updated Flex Space with
For Sale
$799,000
326 N Main Street NE, Cedar Springs, MI 49319
COMMERCIAL - Cedar Springs, MI
Property Size8,220 SF
Lot Size1.25 Acres
Price / SF$97.20
Days on Market146
Property Features for 326 N Main Street NE
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
B-3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Parking
10
Interior features
Broadband
Elementary school district
Cedar Springs
Middle school district
Cedar Springs
High school district
Cedar Springs
Directions
17 Mile east to Northland (N Main St) north to address.
Standard status
Active
APN
41-03-30-151-005
Size
8,220 SF
Lot size
1.25 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
PART NW 1/4 COM 792 FT N OF SW COR OF NW 1/4 TH E 330 FT TH N 165 FT TH W 330 FT TH S 165 FT TO BEG * SEC 30 T10N R10W 1
Tax Annual Amount
8990
Legal Description
PART NW 1/4 COM 792 FT N OF SW COR OF NW 1/4 TH E 330 FT TH N 165 FT TH W 330 FT TH S 165 FT TO BEG * SEC 30 T10N R10W 1
Utilities
Utilities
Natural Gas Available
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1938
Floors in Building
1
Number of units
2
Roof type
Rubber
Listing Agency:
Keller Williams GR North · Keller Williams Realty
(616) 447-9100
Listed By:
Roger Ackerman · License #6501295615
(810) 423-9296
Added: Mar 30
Changed: Aug 4
Last Checked: Aug 22 at 5:06AM
MLS# 26012499
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 8,220-square-foot flex property occupies 1.25 acres at 326 N Main Street NE in Cedar Springs. The building includes expansive warehouse space, 12-foot interior ceilings, two new overhead garage doors, and a layout currently used for a flooring and interior design business. Two bathrooms and broadband are also present.
Recent improvements include new furnaces and central A/C, upgraded ductwork, a new concrete entry, and a complete interior renovation. The property was built in 1938 and has a rubber roof, forced-air heating, central air conditioning, and natural gas availability. Its combination of renovated interior space and warehouse functionality supports a range of commercial configurations, including the multi-tenant conversion described in the property information.
Recent improvements include new furnaces and central A/C, upgraded ductwork, a new concrete entry, and a complete interior renovation. The property was built in 1938 and has a rubber roof, forced-air heating, central air conditioning, and natural gas availability. Its combination of renovated interior space and warehouse functionality supports a range of commercial configurations, including the multi-tenant conversion described in the property information.
Key Highlights
- 8,220‑square‑foot flex property on 1.25 acres
- Two new overhead garage doors and 12‑foot interior ceilings
- Expansive warehouse area with a flexible commercial layout
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$46,677
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.84%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$933,540
$933.5K
Cap Rate 7%
$666,814
$666.8K
Cap Rate 9%
$518,633
$518.6K
Market Conditions
NOI Build-Up for 8,220 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$56.6K $6.88/SF
− Vacancy
−$1.6K −$0.20/SF
EGI
$54.9K $6.68/SF
− OpEx
−$8.2K −$1.00/SF
NOI
$46.7K $5.68/SF
Area
Kent 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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$933,540
Cap Rate 7%
$666,814
Cap Rate 9%
$518,633
Alternative Uses
Best Use
Retail
$1.22M
$1.07M – $1.42M
NOI $85,331 @ 7.0% cap · market cap 10.68%
Second Best
Warehouse
$666.8K
$583.5K – $778.0K
NOI $46,677 @ 7.0% cap · market cap 5.84%
Theoretical Best
Office A
$1.47M
$1.29M – $1.72M
NOI $102,914 @ 7.0% cap · market cap 12.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
12 ft
Clear height
2
Drive-in doors
Location Intelligence
Trade Area within ½ mile
229
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 49319, MI
17,391
Population
7,150
Households
2.4
Avg Household Size
38
Median Age
20%
College-Educated
94%
High-School Grad
86.4 sq mi
ZIP Area
201
Density / Sq Mi
$78,247
Median Household Income
$44,041
Median Earnings
$1,060
Median Rent
$247,600
Median Home Value
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 - Versatile commercial property with renovated interiors, overhead doors, and warehouse capacity for varied business operations.
Where is this flex space located?
The property is located at 326 N Main Street NE Cedar Springs, MI.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 8,220‑square‑foot flex property on 1.25 acres; Two new overhead garage doors and 12‑foot interior ceilings; Expansive warehouse area with a flexible commercial layout
