Freestanding Office
For Sale
$225,000
3805 S Ravenna Road, Ravenna, MI 49451
Commercial Sale, Ravenna, MI
Property Size640 SF
Lot Size2.40 Acres
Price / SF$351.56
Days on Market347
Property Features for 3805 S Ravenna Road
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Elementary school district
Ravenna
Middle school district
Ravenna
High school district
Ravenna
Subdivision
Muskegon County - M
Standard status
Active
APN
43-725-008-0001-50
Size
640 SF
Lot size
2.40 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
See attached
Tax Annual Amount
1964
Legal Description
See attached
Utilities
Utilities
Propane
Sewer type
Septic Tank
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1998
Number of units
1
Listing Agency:
Keller Williams GR East · Keller Williams Realty
(616) 575-1800
Listed By:
Jason R Carpenter · License #6502430921
(616) 334-2630
Added: Oct 25, 2025
Changed: Sep 12
Last Checked: Oct 6 at 7:06AM
MLS# 25054981
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 freestanding office property contains 640 square feet and was built in 1998. The layout includes one bathroom, while central air and forced-air heating support year-round office operations. A detached garage adds separate storage or workspace, and the site includes a paved parking lot.
The property occupies 2.4 acres and is served by propane utilities and a septic tank. It is currently used as an administrative office for a propane company, providing an established commercial setting for continued office use.
The property occupies 2.4 acres and is served by propane utilities and a septic tank. It is currently used as an administrative office for a propane company, providing an established commercial setting for continued office use.
Key Highlights
- 640‑square‑foot office building on 2.4 acres
- Detached garage provides additional storage or workspace
- Paved parking lot included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,050
Cap Rate
3.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$141,000
$141.0K
Cap Rate 7%
$100,714
$100.7K
Cap Rate 9%
$78,333
$78.3K
Market Conditions
NOI Build-Up for 640 SF
Gross rent
$10.9K $17.04/SF
− Vacancy
−$1.5K −$2.35/SF
EGI
$9.4K $14.69/SF
− OpEx
−$2.4K −$3.67/SF
NOI
$7.1K $11.02/SF
Area
Muskegon 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%
$141,000
Cap Rate 7%
$100,714
Cap Rate 9%
$78,333
Alternative Uses
Best Use
Office B
$100.7K
$88.1K – $117.5K
NOI $7,050 @ 7.0% cap · market cap 3.13%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$6.01M
$5.26M – $7.01M
NOI $420,718 @ 7.0% cap · market cap 186.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
104
Businesses Nearby
Explore this area
Business Placement
Demographics for 49451, MI
6,091
Population
2,433
Households
2.5
Avg Household Size
39
Median Age
20%
College-Educated
94%
High-School Grad
83.6 sq mi
ZIP Area
73
Density / Sq Mi
$67,383
Median Household Income
$40,266
Median Earnings
$951
Median Rent
$197,100
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office building - Standalone office property with paved parking, a detached garage, and dedicated heating and cooling systems.
Where is this office building located?
The property is located at 3805 S Ravenna Road Ravenna, MI.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: 640‑square‑foot office building on 2.4 acres; Detached garage provides additional storage or workspace; Paved parking lot included
