Two-Level Office
For Sale
$549,900
50744 25th Street, Mattawan, MI 49071
Commercial Sale, Mattawan, MI
Property Size3,970 SF
Lot Size1.85 Acres
Price / SF$138.51
Days on Market103
Property Features for 50744 25th Street
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
GC
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Parking
20
Elementary school district
Mattawan
Middle school district
Mattawan
High school district
Mattawan
Directions
From I-94 exit 66 (Mattawan), north on Main St, west on Red Arrow, south on 25th Street
Standard status
Active
APN
800200204921
Size
3,970 SF
Lot size
1.85 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
see attached
Tax Annual Amount
8602
Legal Description
see attached
Utilities
Utilities
Phone Available
Sewer type
Septic Tank
Heating system
Forced Air
Cooling system
Central Air
Water source
Well
Building Details
Year built
1999
Floors in Building
2
Number of units
1
Building materials
Vinyl Siding
Listing Agency:
O'Brien Real Estate
(269) 381-6470
Listed By:
Pat O'Brien · License #6502102326
(330) 448-8343
Added: Jun 2
Changed: Sep 3
Last Checked: Sep 12 at 6:06PM
MLS# 26026435
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.
Investment Insights
Based on property information with market context.
This 3,970-square-foot office property is arranged across upper and lower levels, with 2,170 square feet upstairs and 1,800 square feet below. The property supports professional office, creative office, and artist studio uses, with car sales also identified among the possible applications. Built in 1999, the building features vinyl siding, forced-air heat, central air, one bathroom, and phone availability.
The 1.85-acre property is positioned along the Red Arrow Highway corridor in Mattawan’s commercial area, with convenient access to I-94. Water is supplied by a well and wastewater is handled by a septic tank. Its two-level layout and commercial setting provide a practical basis for office or studio operations.
The 1.85-acre property is positioned along the Red Arrow Highway corridor in Mattawan’s commercial area, with convenient access to I-94. Water is supplied by a well and wastewater is handled by a septic tank. Its two-level layout and commercial setting provide a practical basis for office or studio operations.
Key Highlights
- 3,970 square feet on 1.85 acres
- Upper level measures 2170 sf; lower level measures 1800 sf
- Commercial setting along the Red Arrow Highway corridor
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
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
123
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 units - Commercial office property supporting professional, creative, and studio-oriented uses in a high-traffic corridor.
Where is this office units 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: 3,970 square feet on 1.85 acres; Upper level measures 2170 sf; lower level measures 1800 sf; Commercial setting along the Red Arrow Highway corridor
