Comstock Park Mixed-Use Investment
3955 W River Dr NE, Comstock Park, MI 49321
Highly visible commercial building with apartments in Comstock Park.
Type:Multifamily, Office, Retail
Property size:
4,931 SFPrice / SF:
$172/SF- Added:
- Feb 5, 2026
- Days on Market:
- 142
- Last Refresh:
- Mar 17 at 1:14 pm
Property Features for 3955 W River Dr NE
General Information
- Standard status
- Active
- Size
- 4,931 SF
- Property subtype
- Multifamily, Office, Retail
Building Details
- Year Built
- 1900
Listing office Cascade Properties Realty LLC
Listing date Feb 5, 2026
Source Crexi
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 Cascade Properties Realty LLC
HighLights
- High‑visibility commercial building in a sought‑after NE location with easy highway access.
- Two upstairs apartments with separate utilities and entrances offer additional income.
- Large showroom floor features a reception area, six offices, and ample storage.
- Potential to convert third‑floor storage into a third apartment (subject to approval).
- New flat roof and newer arched steel roof.
- Full basement for additional storage or potential use.
Overview
Located in the heart of Comstock Park, this mixed-use property offers a sought-after NE location with convenient access to highways and the Alpine Ave commercial corridor. The highly visible commercial building is situated on the corner of West River Dr and Lamoreaux Dr, benefiting from high traffic counts at slow speeds. The property features a large showroom floor with a reception area, six separate offices, an office kitchen, and two half baths, along with ample storage space. In addition to the commercial space, the building includes two apartments on the second floor, each with separate utilities and entrances for additional income. One apartment is a 1-bedroom, 1-bath unit, while the other is a 2-bedroom, 1-bath unit. The third floor, currently used for storage and featuring hardwood flooring, presents the potential for conversion into a third apartment, subject to Plainfield Township approval. The property also includes a full basement, a new flat roof, and a newer arched steel roof. The building's total size is 4931 square feet.
Local Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $105.3k | $21.36 |
| − Vacancy | −$14.5k | −$2.95 |
| EGI | $90.8k | $18.41 |
| − OpEx | −$34.0k | −$6.90 |
| NOI | $56.7k | $11.51 |
4,931 SF · lease $21.36/SF/yr · vacancy 13.80% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$810.6K
$709.3K – $945.7K
NOI $56,744 @ 7.0% cap · market cap 6.68%
Second Best
Multifamily LT 5
$767.5K
$671.6K – $895.5K
NOI $53,727 @ 7.0% cap · market cap 6.32%
Theoretical Best
Office A
$881.9K
$771.7K – $1.03M
NOI $61,736 @ 7.0% cap · market cap 7.26%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Professional Home Improvement, ...
Roofing Company
Location Insight
- Map
- Local Demand
- City
- Comstock Park
- County
- Kent
- State
- Michigan
- Longitude
- -85.6659754
- Latitude
- 43.0341668
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Highly visible commercial building with apartments in Comstock Park.
Where is this mixed-use property located?
The property is located at 3955 W River Dr NE Comstock Park, MI.
What is the asking price?
The asking price for this property is $849,900.
What are key features of this property?
This property features: High‑visibility commercial building in a sought‑after NE location with easy highway access.; Two upstairs apartments with separate utilities and entrances offer additional income.; Large showroom floor features a reception area, six offices, and ample storage.
