Creative Office and Studio
For Sale
$549,900
50744 25th St, Mattawan, MI 49071
Two-level commercial property suited to professional office, creative studio, art, and automotive sales uses.
Property Size3,970 SF
Price / SF$138.51
Days on Market76
Property Features for 50744 25th St
General Information
Standard status
Active
Size
3,970 SF
Total Parking Spaces
20
Property subtype
Office
Zoning
GC
Additional Details
Highway Access
Yes
Amenities
20 Parking Spaces
Building Details
Year Built
1999
Stories
2
Listing Agency:
O'Brien Real Estate, Inc.
(269) 207-7446
Listed By:
Patrick O'Brien · License #6502102326
(269) 207-7446
Source:
Carwm.resimplifi
Added: Jun 16
Changed: Aug 30
Last Checked: Aug 30 at 1:11PM
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 O'Brien Real Estate, Inc.
Investment Insights
Based on property information with market context.
This two-level commercial property offers 3,970 square feet of space, with a 2,170-square-foot upper level and an 1,800-square-foot lower level. Built in 1999, the building is zoned for multiple uses, including professional or creative office, artist studio, and car sales applications.
The property is positioned along the Red Arrow Highway corridor in Antwerp Township’s commercial area, with convenient access to I-94. The adjoining lot at 0 25th St. is also available, providing an additional option for a purchaser seeking nearby land.
The property is positioned along the Red Arrow Highway corridor in Antwerp Township’s commercial area, with convenient access to I-94. The adjoining lot at 0 25th St. is also available, providing an additional option for a purchaser seeking nearby land.
Key Highlights
- 3,970 SF across two levels
- Upper level contains 2,170 SF; lower level contains 1,800 SF
- Zoned for multiple uses, including professional or creative office and artist studio
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$40,691
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.40%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$813,820
$813.8K
Cap Rate 7%
$581,300
$581.3K
Cap Rate 9%
$452,122
$452.1K
Market Conditions
NOI Build-Up for 3,970 SF
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.
Gross rent
$67.6K $17.04/SF
− Vacancy
−$13.4K −$3.37/SF
EGI
$54.3K $13.67/SF
− OpEx
−$13.6K −$3.42/SF
NOI
$40.7K $10.25/SF
Area
Van Buren County, MI
Vacancy
19.80%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$813,820
Cap Rate 7%
$581,300
Cap Rate 9%
$452,122
Alternative Uses
Best Use
Office B
$581.3K
$508.6K – $678.2K
NOI $40,691 @ 7.0% cap · market cap 7.40%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$49.09M
$42.95M – $57.27M
NOI $3,436,186 @ 7.0% cap · market cap 624.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
140
Businesses Nearby
Explore this area
Business Placement
Demographics for 49071, MI
10,748
Population
4,415
Households
2.4
Avg Household Size
40
Median Age
40%
College-Educated
97%
High-School Grad
29.4 sq mi
ZIP Area
366
Density / Sq Mi
$105,779
Median Household Income
$48,494
Median Earnings
$1,161
Median Rent
$261,900
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Creative space - Two-level commercial property suited to professional office, creative studio, art, and automotive sales uses.
Where is this creative space located?
The property is located at 50744 25th St Mattawan, MI.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: 3,970 SF across two levels; Upper level contains 2,170 SF; lower level contains 1,800 SF; Zoned for multiple uses, including professional or creative office and artist studio
