Two-Level Office
For Sale
$549,900
50744 25th Street, Mattawan, MI 49071
Two-level building on a high-traffic corridor with flexible zoning for office and creative uses.
Property Size3,970 SF
Price / SF$166.64
Days on Market83
Property Features for 50744 25th Street
General Information
Standard status
Active
Size
3,970 SF
Total Parking Spaces
20
Property subtype
Commercial
Zoning
GC
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$8,602
Building Details
Building Size
3,970 SF
Year Built
1999
Buildings
1
Stories
2
Units
1
Listing Agency:
O'Brien Real Estate
(269) 381-6470
Listed By:
Pat O'Brien · License #6502102326
(269) 381-6470
Source:
Buyatthelake
Added: Jun 3
Changed: Aug 23
Last Checked: Aug 23 at 10:58AM
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
Investment Insights
Based on property information with market context.
Located at 50744 25th St in Antwerp Township, this two-level commercial building offers flexible space for professional and creative operations. The property totals over 3,300 square feet, with 2,170 square feet on the upper level and 1,800 square feet on the lower level. The zoning supports a multitude of uses, including professional and creative office, artist studio, and car sales, among other possibilities.
The building sits in a busy commercial area along the Red Arrow Highway corridor and is described as having easy and convenient access to I-94. The surrounding area is characterized as car-dependent, reflecting the driving-focused nature of the corridor.
For tenants and buyers, the layout supports a range of operational setups that can benefit from separation between levels. The property’s zoning flexibility broadens fit beyond traditional office use, including creative studio and sales-oriented concepts as permitted. Additionally, an adjoining lot at 0 25th St is also listed as available for purchase (see MLS #22047751), which may support expanded site planning depending on use needs.
The building sits in a busy commercial area along the Red Arrow Highway corridor and is described as having easy and convenient access to I-94. The surrounding area is characterized as car-dependent, reflecting the driving-focused nature of the corridor.
For tenants and buyers, the layout supports a range of operational setups that can benefit from separation between levels. The property’s zoning flexibility broadens fit beyond traditional office use, including creative studio and sales-oriented concepts as permitted. Additionally, an adjoining lot at 0 25th St is also listed as available for purchase (see MLS #22047751), which may support expanded site planning depending on use needs.
Key Highlights
- Two‑level commercial building built in 1999, offering 3,300+ total SF
- Upper level totals 2,170 SF and lower level totals 1,800 SF
- Located on the high‑traffic Red Arrow Highway corridor in the Antwerp Twp. business area
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
$33,824
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
6.15%
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%
$676,480
$676.5K
Cap Rate 7%
$483,200
$483.2K
Cap Rate 9%
$375,822
$375.8K
Market Conditions
NOI Build-Up for 3,300 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
$56.2K $17.04/SF
− Vacancy
−$11.1K −$3.37/SF
EGI
$45.1K $13.67/SF
− OpEx
−$11.3K −$3.42/SF
NOI
$33.8K $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%
$676,480
Cap Rate 7%
$483,200
Cap Rate 9%
$375,822
Alternative Uses
Best Use
Office B
$483.2K
$422.8K – $563.7K
NOI $33,824 @ 7.0% cap · market cap 6.15%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$40.80M
$35.70M – $47.60M
NOI $2,856,276 @ 7.0% cap · market cap 519.42%
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?
Office building - Two-level building on a high-traffic corridor with flexible zoning for office and creative uses.
Where is this office building located?
The property is located at 50744 25th Street 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: Two‑level commercial building built in 1999, offering 3,300+ total SF; Upper level totals 2,170 SF and lower level totals 1,800 SF; Located on the high‑traffic Red Arrow Highway corridor in the Antwerp Twp. business area
