Commercial Land with Site
New
For Sale
$289,900
4543 East Willoughby Road, Holt, MI 48842
A two-parcel commercial assemblage combines an improved office site with a separately buildable parcel and engineered plans.
Property Size1,200 SF
Days on Market4
Property Features for 4543 East Willoughby Road
General Information
Standard status
Active
Size
1,200 SF
Property subtype
Mixed Use
Building Details
Building Size
1,200 SF
Listing Agency:
RE/MAX
Listed By:
Sarah Thornton · License #6501302784
(517) 202-5699
Source:
Remaxcommercial
Added: Oct 23
Changed: Oct 25
Last Checked: Oct 24 at 1:25PM
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 RE/MAX
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Investment Insights
Based on property information with market context.
The 1.44-acre offering brings together two commercial parcels on Willoughby Road. One parcel contains a 1,200-square-foot mixed-use office building, a 450-square-foot garage, and paved parking. The second is vacant commercial land with engineered drawings and site plans for development.
The property is between two signalized intersections, with I-96 0.8 miles north. The assemblage can be acquired together or divided into the existing building site and the development parcel. Modified gross lease and lease-to-own arrangements may be considered for qualified applicants.
The property is between two signalized intersections, with I-96 0.8 miles north. The assemblage can be acquired together or divided into the existing building site and the development parcel. Modified gross lease and lease-to-own arrangements may be considered for qualified applicants.
Key Highlights
- Two‑parcel commercial assemblage totaling 1.44 acres
- Existing parcel includes a 1,200‑square‑foot mixed‑use office building
- 450‑square‑foot garage and paved parking on the improved parcel
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,122
Cap Rate
3.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$202,440
$202.4K
Cap Rate 7%
$144,600
$144.6K
Cap Rate 9%
$112,467
$112.5K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$17.3K $14.40/SF
− Vacancy
−$3.8K −$3.15/SF
EGI
$13.5K $11.25/SF
− OpEx
−$3.4K −$2.81/SF
NOI
$10.1K $8.43/SF
Area
Ingham County, MI
Vacancy
21.90%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$202,440
Cap Rate 7%
$144,600
Cap Rate 9%
$112,467
Alternative Uses
Best Use
Office B
$144.6K
$126.5K – $168.7K
NOI $10,122 @ 7.0% cap · market cap 3.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$192.8K
$168.7K – $224.9K
NOI $13,496 @ 7.0% cap · market cap 4.66%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
489
Businesses Nearby
Explore this area
Business Placement
Demographics for 48842, MI
21,548
Population
9,573
Households
2.3
Avg Household Size
40
Median Age
39%
College-Educated
93%
High-School Grad
17.2 sq mi
ZIP Area
1,253
Density / Sq Mi
$86,830
Median Household Income
$50,275
Median Earnings
$1,245
Median Rent
$211,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Commercial land - A two-parcel commercial assemblage combines an improved office site with a separately buildable parcel and engineered plans.
Where is this commercial land located?
The property is located at 4543 East Willoughby Road Holt, MI.
What is the asking price?
The asking price for this property is $289,900.
What are key features of this property?
This property features: Two‑parcel commercial assemblage totaling 1.44 acres; Existing parcel includes a 1,200‑square‑foot mixed‑use office building; 450‑square‑foot garage and paved parking on the improved parcel
