Multi-Suite Office
4534 Dowling Street Montague, MI 49437
4534 Dowling Street, Montague, MI, 49437
$425,000
For Sale
$425,000
3,344 SF office building features three suites with private street-facing entries and separately metered utilities.
Property Size3,344 SF
Lot Size0.34 Acres
Price / SF$127.09
Days on Market257
Property Features for 4534 Dowling Street
General Information
- Standard status
- Active
- Size
- 3,344 SF
- Lot size
- 0.34 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1950
Listing agency
Capstone Real Estate LLC
(616) 847-1031
Listed by
David Ten Cate · License #6502325769
(616) 847-1031
Source
Carolbollo
Added: Nov 7, 2025 Updated: Jul 21 at 10:32PM Checked: Jul 21 at 10:32PM
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 Capstone Real Estate LLC
Investment Insights
Based on property information with market context.
This 3,344 SF office building is expanded and renovated, with an exterior facelift completed in 2020. It includes two street-facing entries, multiple private offices, a large open-concept workspace, a conference room, and a lounge/kitchenette, along with storage and multiple restrooms including two common-area ADA restrooms and an additional private restroom.
The building is located on Business-31 (Dowling Street) in downtown Montague, and is across the street from White Lake. It is divided into three separate suites, and each suite has a private access/entry with separately metered utilities. Manpower currently occupies the northwestern 750 SF of the building.
Recent building improvements include a roof installed in 2019 and a replacement rooftop HVAC unit in 2021. Ample parking is available at both the front and rear of the .34-acre parcel.
The building is located on Business-31 (Dowling Street) in downtown Montague, and is across the street from White Lake. It is divided into three separate suites, and each suite has a private access/entry with separately metered utilities. Manpower currently occupies the northwestern 750 SF of the building.
Recent building improvements include a roof installed in 2019 and a replacement rooftop HVAC unit in 2021. Ample parking is available at both the front and rear of the .34-acre parcel.
Key Highlights
- 3,344 SF downtown Montague office building on Business‑31 (Dowling Street) across from White Lake
- Divided into three separate suites, each with a private street‑facing access/entry
- Two separate street‑facing entries plus private offices, large open‑concept workspace, conference room, and lounge/kitchenette
Local Financial Insights For Office B
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 | $57.0k | $17.04 |
| − Vacancy | −$7.9k | −$2.35 |
| EGI | $49.1k | $14.69 |
| − OpEx | −$12.3k | −$3.67 |
| NOI | $36.8k | $11.02 |
3,344 SF · lease $17.04/SF/yr · vacancy 13.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$526.3K
$460.5K – $614.0K
NOI $36,839 @ 7.0% cap · market cap 8.67%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$31.40M
$27.48M – $36.64M
NOI $2,198,253 @ 7.0% cap · market cap 517.24%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Rant Insurance Group
Insurance Agency
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - 3,344 SF office building features three suites with private street-facing entries and separately metered utilities.
Where is this office building located?
The property is located at 4534 Dowling Street Montague, MI.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 3,344 SF downtown Montague office building on Business‑31 (Dowling Street) across from White Lake; Divided into three separate suites, each with a private street‑facing access/entry; Two separate street‑facing entries plus private offices, large open‑concept workspace, conference room, and lounge/kitchenette
