Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Prime Location Office/Medical Space Title is generated by Realmo AI

    400 Perry Ave, Big Rapids, MI 49307

    View on Map
    Claim this Listing
    For Lease
    $4,800/Mo $16 SF/Yr (calc)

    COMMERCIAL - Big Rapids, MI

    Type:Office
    Property size:
    3,600 SF
    Lot size:
    1.52 Acres
    Added:
    Jun 3, 2025
    Days on Market:
    354
    Last Refresh:
    May 22 at 6:06 am

    Property Features for 400 Perry Ave

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Fireplace
    1
    Standard status
    Active
    APN
    5417-15-400-022
    Size
    3,600 SF
    Lot size
    1.52 Acres

    Taxes and HOA fees

    Tax Description
    Lengthy on file

    Utilities

    Utilities
    Phone Available
    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1995

    We can help!

    Listing Contact
    Joseph McNally

    Listing agent Joseph McNally License #6502393305

    Listing office RE/MAX TOGETHER 1411 N State St., Big Rapids, MI

    Listing date Jun 3, 2025

    MLS# 25027634

    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.

    HighLights

    • Prime location with easy access off the busiest road in Mecosta County.
    • Ample parking with over 30 spaces.
    • Versatile space suitable for office, medical, or other purposes (nearly 4000 sq ft).
    • Well‑maintained condition and aesthetic appeal.
    • Heating and Central Air Conditioning.
    • Fireplace.

    Overview

    This commercial space, totaling 3600 square feet, is situated on a 1.52-acre lot and offers a location with turning lane access off the busiest road in Mecosta County. The property is located in a cul-de-sac and includes over 30 parking spaces. Currently configured for office or medical use, the space is versatile and suitable for various purposes. The property offers a combination of location, condition, and aesthetic advantages. Individual office spaces are available for lease.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hospice of Michigan Nursing Home

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Big Rapids
    County
    Mecosta
    State
    Michigan
    Longitude
    -85.488003
    Latitude
    43.688768

    Nearby Similar for Lease

    • $1.00 SF/Yr
      1,208 SF

      Big Rapids Commercial Space For Lease

      Prime commercial space in high-traffic location, suitable for various businesses.
      1129 N State Street, Big Rapids, MI 49307
      View Details
    • $550/Mo
      170 SF

      Downtown Big Rapids Office Space

      Updated office space in downtown Big Rapids, perfect for small business.
      211 Maple St Suite #5, Big Rapids, MI 49307
      View Details
    • $2,900/Mo
      3,500 SF

      Updated Commercial Space on M-20

      Versatile commercial space with high visibility and updated features.
      805 Maple Street, Big Rapids, MI 49307
      View Details
    • $550/Mo
      170 SF

      Downtown Big Rapids Office Space

      Updated office space in downtown Big Rapids, perfect for small business.
      211 Maple Suite #4 Street, Big Rapids, MI 49307
      View Details
    • $950/Mo
      270 SF

      Downtown Big Rapids Office Space

      Updated office space in downtown Big Rapids, perfect for small business.
      211 Maple Suite #2 Street, Big Rapids, MI 49307
      View Details
    • $18,000/Mo
      1,900 SF

      Versatile Commercial Space on M-20

      Highly visible 1,900 SF commercial space in Big Rapids.
      605 S 3rd Ave FF, Big Rapids, MI 49307
      View Details
    • $1.00 SF/Yr

      Prime Commercial Space in Big Rapids

      High-visibility commercial space suitable for retail, food service, and professional services.
      1129 N State St, Big Rapids, MI 49307
      View Details
    • Contact for pricing
      10,552 SF

      Retail Space Near Ferris University

      10,552 SF retail space with high visibility.
      836 S State St, Big Rapids, MI 49307
      View Details
    • $10 SF/Yr

      Retail Space for Lease

      Retail space available for lease at 408 Perry Ave.
      408 Perry Ave, Big Rapids, MI 49307
      View Details

    FAQs

    What type of property is this?
    Office units - Versatile commercial space in a high-traffic area with ample parking.
    Where is this office units located?
    The property is located at 400 Perry Ave Big Rapids, MI.
    What is the lease rate?
    The lease rate is $4,800 /Mo.
    What are key features of this property?
    This property features: Prime location with easy access off the busiest road in Mecosta County.; Ample parking with over 30 spaces.; Versatile space suitable for office, medical, or other purposes (nearly 4000 sq ft).
    (616) 307-3026
    We can help!
    Listing Contact
    Joseph McNally
    Real Estate License ID: 6502393305
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    400 Perry Ave, Big Rapids, MI 49307
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!