Pole Building on Commercial
51774 Co Rd 652 Unit SourceFi Mattawan, MI 49071
51774 Co Rd 652 Unit SourceFi, Mattawan, MI, 49071
$450,000
For Sale
$450,000
Commercially zoned 5-acre parcel featuring a pole building with 10- to 12-foot ceilings.
Property Size3,456 SF
Lot Size5.00 Acres
Price / SF$130.21
Days on Market108
Property Features for 51774 Co Rd 652 Unit SourceFi
General Information
- Standard status
- Active
- Size
- 3,456 SF
- Lot size
- 5.00 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 1975
Listing agency
Evenboer Walton, REALTORS
(269) 207-1060
Listed by
Bill Evenboer · License #6502128196
(269) 207-1060
Source
Xome
Added: Apr 5 Updated: Jul 19 at 1:55AM Checked: Jul 21 at 3:54AM
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 Evenboer Walton, REALTORS
Investment Insights
Based on property information with market context.
Located at 51774 Co Rd 652 Unit, Mattawan, MI 49071, this commercially zoned 5-acre parcel includes a 3,400-square-foot pole building with 10- to 12-foot ceilings. The property offers a straightforward warehouse-style structure suited to light industrial and storage uses consistent with its commercial zoning.
Access is supported by proximity to the I-94 Mattawan exit, reported as less than 1/2 mile away, placing the site within a growing commercial corridor.
The parcel may be combined with two other parcels to bring the total to 18.5 acres, with the possibility of adding another 1.5 acres for up to 20 acres total. This makes the site a practical option for buyers looking for scale beyond a single parcel while retaining access to the existing building configuration.
Access is supported by proximity to the I-94 Mattawan exit, reported as less than 1/2 mile away, placing the site within a growing commercial corridor.
The parcel may be combined with two other parcels to bring the total to 18.5 acres, with the possibility of adding another 1.5 acres for up to 20 acres total. This makes the site a practical option for buyers looking for scale beyond a single parcel while retaining access to the existing building configuration.
Key Highlights
- Commercially zoned 5‑acre parcel with a 3,400 SF pole building
- Pole building features 10- to 12‑foot ceilings
- Metal roof
Local Financial Insights For Warehouse
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 | $26.1k | $7.56 |
| − Vacancy | −$627 | −$0.18 |
| EGI | $25.5k | $7.38 |
| − OpEx | −$3.8k | −$1.11 |
| NOI | $21.7k | $6.27 |
3,456 SF · lease $7.56/SF/yr · vacancy 2.40% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$309.6K
$270.9K – $361.3K
NOI $21,675 @ 7.0% cap · market cap 4.82%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$42.73M
$37.39M – $49.85M
NOI $2,991,299 @ 7.0% cap · market cap 664.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Warehouses
Similar For Sale Nearby
Similar Off Market Nearby
- All Season Storage — 22767 Red Arrow Hwy, Mattawan, MI 49071
- Prairie View Storage — 51350 Co Rd 652, Mattawan, MI 49071
- Midway Self Storage & U-Haul Mattawan — 24560 Cole Ave, Mattawan, MI 49071
FAQs
What type of property is this?
Warehouse - Commercially zoned 5-acre parcel featuring a pole building with 10- to 12-foot ceilings.
Where is this warehouse located?
The property is located at 51774 Co Rd 652 Unit SourceFi Mattawan, MI.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Commercially zoned 5‑acre parcel with a 3,400 SF pole building; Pole building features 10- to 12‑foot ceilings; Metal roof
