High-Ceiling Flex
3589 Commercial, Saugatuck, MI 49453
For Sale
$480,000
Commercial zoning and a 2022 build support a range of storage, work, and hobby configurations.
Property Size2,400 SF
Price / SF$200
Days on Market56
Property Features for 3589 Commercial
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Clear Height
Building Details
Year Built
Listing Agency:
Beacon Sotheby's International Realty
(269) 673-7133
Listed By:
Chad Van Horn
(269) 217-0122
Source:
Jabachler
Added: Sep 18
Changed: Nov 11
Last Checked: Nov 12 at 1:00AM
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 Beacon Sotheby's International Realty
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Investment Insights
Based on property information with market context.
This 2,400-square-foot flex space was built in 2022 and has 16-foot ceilings. The property is described for uses ranging from vehicle, boat, motorcycle, equipment, or inventory storage to a design studio, private office, specialty trade, or e-commerce operation. Commercial zoning is in place.
Key Highlights
- 2,400 square feet of flex space
- 16‑foot ceilings
- Built in 2022
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,628
Cap Rate
2.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$272,560
$272.6K
Cap Rate 7%
$194,686
$194.7K
Cap Rate 9%
$151,422
$151.4K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$16.5K $6.88/SF
− Vacancy
−$479 −$0.20/SF
EGI
$16.0K $6.68/SF
− OpEx
−$2.4K −$1.00/SF
NOI
$13.6K $5.68/SF
Area
Allegan 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 Rate 5%
$272,560
Cap Rate 7%
$194,686
Cap Rate 9%
$151,422
Alternative Uses
Best Use
Warehouse
$194.7K
$170.4K – $227.1K
NOI $13,628 @ 7.0% cap · market cap 2.84%
Second Best
Industrial
$160.3K
$140.3K – $187.1K
NOI $11,223 @ 7.0% cap · market cap 2.34%
Theoretical Best
Office A
$505.0K
$441.9K – $589.2K
NOI $35,352 @ 7.0% cap · market cap 7.36%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
16 ft
Clear height
Location Intelligence
Trade Area within ½ mile
20
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 49453, MI
2,950
Population
2,113
Households
1.4
Avg Household Size
53
Median Age
52%
College-Educated
98%
High-School Grad
10.4 sq mi
ZIP Area
284
Density / Sq Mi
$101,250
Median Household Income
$49,970
Median Earnings
$766
Median Rent
$487,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Flex space in Allegan County, MI
Properties on Market for Flex space in Allegan County
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Commercial zoning and a 2022 build support a range of storage, work, and hobby configurations.
Where is this flex space located?
The property is located at 3589 Commercial Saugatuck, MI.
What is the asking price?
The asking price for this property is $480,000.
What are key features of this property?
This property features: 2,400 square feet of flex space; 16‑foot ceilings; Built in 2022
