Flex Space with Overhead
3611 Page Ave, Michigan Center, MI 49203
For Sale
New
$850,000
Office and retail areas complement the building’s functional flex-space layout.
Property Size7,200 SF
Lot Size6.29 Acres
Price / SF$118.06
Days on Market2
Property Features for 3611 Page Ave
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Traffic Count
Utilities to Site
Warehouse & Industrial
Clear Height
Power
Taxes and HOA fees
Annual Taxes
Building Details
Year Built
Units
Building Size
Listing Agency:
Production Realty
Listed By:
Kittyanne Latocki · License #6501406946
(517) 745-8768
Source:
Elliman
Added: Nov 8
Last Checked: Nov 8 at 5:55PM
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 Production Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2019 flex property includes a 7,200-square-foot building on 6.29 acres. Interior features include finished office space, a dedicated retail area, two bathrooms and concrete floors. The building also has 16-foot ceilings, four overhead doors and overhead heat. Electrical service is 200 amps, with additional power available at the street.
Located at 3611 Page Ave in Michigan Center, the property includes a retention pond sized to serve the full 6.29-acre site. The acreage is available for division. Local traffic counts are approximately 10,000 vehicles per day. The sale includes real estate only.
Located at 3611 Page Ave in Michigan Center, the property includes a retention pond sized to serve the full 6.29-acre site. The acreage is available for division. Local traffic counts are approximately 10,000 vehicles per day. The sale includes real estate only.
Key Highlights
- 6.29‑acre site with a 7,200‑square‑foot flex building
- 16‑foot ceilings and four overhead doors
- Finished office area, retail section and two bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,628
Cap Rate
7.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,352,560
$1.4M
Cap Rate 7%
$966,114
$966.1K
Cap Rate 9%
$751,422
$751.4K
Market Conditions
NOI Build-Up for 7,200 SF
Gross rent
$116.6K $16.20/SF
− Vacancy
−$12.6K −$1.75/SF
EGI
$104.0K $14.45/SF
− OpEx
−$36.4K −$5.06/SF
NOI
$67.6K $9.39/SF
Area
Jackson County, MI
Vacancy
10.80%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,352,560
Cap Rate 7%
$966,114
Cap Rate 9%
$751,422
Alternative Uses
Best Use
Flex RnD
$966.1K
$845.4K – $1.13M
NOI $67,628 @ 7.0% cap · market cap 7.96%
Second Best
Warehouse
$867.7K
$759.3K – $1.01M
NOI $60,741 @ 7.0% cap · market cap 7.15%
Theoretical Best
Office A
$1.15M
$1.01M – $1.34M
NOI $80,456 @ 7.0% cap · market cap 9.47%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
16 ft
Clear height
10,000 VPD
Traffic count
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
131
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 49203, MI
37,269
Population
16,999
Households
2.2
Avg Household Size
39
Median Age
23%
College-Educated
93%
High-School Grad
26.5 sq mi
ZIP Area
1,406
Density / Sq Mi
$55,689
Median Household Income
$37,096
Median Earnings
$992
Median Rent
$150,900
Median Home Value
Market
Average Price Trend$/SF for Flex space in Jackson County, MI
Properties on Market for Flex space in Jackson County
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Office and retail areas complement the building’s functional flex-space layout.
Where is this flex space located?
The property is located at 3611 Page Ave Michigan Center, MI.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 6.29‑acre site with a 7,200‑square‑foot flex building; 16‑foot ceilings and four overhead doors; Finished office area, retail section and two bathrooms
