Two-Level Office Flex
536 Oak Street, Ferrysburg, MI 49409
For Sale
$465,000
Commercial Sale, Ferrysburg, MI
Property Size6,186 SF
Lot Size0.21 Acres
Price / SF$75.39
Days on Market48
Property Features for 536 Oak Street
General Information
Property type
Property subtype
Zoning description
Bathrooms
Full bathrooms
Rooms
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Heating system
Amenities
kitchenette
shower
central air
Building Details
Year built
Floors in Building
Number of units
Building materials
Roof type
Listing Agency:
Capstone Real Estate LLC
Listed By:
David Ten Cate · License MI #6502325769
(616) 847-1031
Added: Sep 24
Changed: Oct 30
Last Checked: Nov 10 at 10:06AM
MLS# 26051029
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.
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Investment Insights
Based on property information with market context.
This flex property combines 4,440 square feet of warehouse area with 1,728 square feet of office space arranged across two levels. The warehouse has a 10-foot-high, 12-foot-wide overhead door, a kitchenette, a restroom, and daylight windows. Four private offices are split between the floors; the office area also includes a restroom with shower and central air.
Built in 1955, the property sits on a 0.21-acre lot and provides on-site parking. Access to US-31 connects the site with the Tri-Cities area.
Built in 1955, the property sits on a 0.21-acre lot and provides on-site parking. Access to US-31 connects the site with the Tri-Cities area.
Key Highlights
- 4,440 square feet of warehouse space and 1,728 square feet of office area
- Warehouse access through a 10' high by 12' wide overhead door
- Four private offices arranged across two levels
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,059
Cap Rate
4.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$441,180
$441.2K
Cap Rate 7%
$315,129
$315.1K
Cap Rate 9%
$245,100
$245.1K
Market Conditions
NOI Build-Up for 6,168 SF
Gross rent
$37.0K $6.00/SF
− Vacancy
−$3.1K −$0.50/SF
EGI
$33.9K $5.50/SF
− OpEx
−$11.9K −$1.93/SF
NOI
$22.1K $3.58/SF
Area
Ottawa County, MI
Vacancy
8.30%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$441,180
Cap Rate 7%
$315,129
Cap Rate 9%
$245,100
Alternative Uses
Best Use
Warehouse
$1.48M
$1.30M – $1.73M
NOI $103,845 @ 7.0% cap · market cap 22.33%
Second Best
Industrial
$1.30M
$1.14M – $1.52M
NOI $91,022 @ 7.0% cap · market cap 19.57%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
268
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 49409, MI
180
Population
50
Households
3.6
Avg Household Size
33
Median Age
19%
College-Educated
100%
High-School Grad
0.1 sq mi
ZIP Area
1,800
Density / Sq Mi
$47,125
Median Earnings
$165,600
Median Home Value
Check the figures for this property
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Market
Average Price Trend$/SF for Flex space in Ottawa County, MI
Properties on Market for Flex space in Ottawa County
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Separate warehouse and private office areas support a range of commercial operations.
Where is this flex space located?
The property is located at 536 Oak Street Ferrysburg, MI.
What is the asking price?
The asking price for this property is $465,000.
What are key features of this property?
This property features: 4,440 square feet of warehouse space and 1,728 square feet of office area; Warehouse access through a 10' high by 12' wide overhead door; Four private offices arranged across two levels
