Office Building with Basement
New
For Sale
$175,000
5604 Cleveland Avenue, Stevensville, MI 49127
Commercial Mixed Use zoning supports a flexible office configuration with accessible entry and on-site parking.
Property Size1,269 SF
Days on Market2
Property Features for 5604 Cleveland Avenue
General Information
Standard status
Active
Size
1,269 SF
Total Parking Spaces
7
Property subtype
Commercial
Zoning
Commercial Mixed Use
Taxes and HOA fees
Annual Taxes
$4,141
Amenities
handicap accessible
kitchen area
restroom
full basement
Partner ACS Phone System
Building Details
Building Size
1,269 SF
Year Built
1960
Buildings
1
Units
1
Listing Agency:
Cressy & Everett Real Estate
(630) 806-5449
Listed By:
Kerstin Phenegar Peterson
(630) 806-5449
Source:
Eliterealtymi
Added: Aug 4
Changed: Aug 5
Last Checked: Aug 5 at 2:04AM
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 Cressy & Everett Real Estate
Investment Insights
Based on property information with market context.
Built in 1960, this office building provides four private offices, a spacious reception area, and additional interior space that can be reconfigured or expanded. The property includes a kitchen area, restroom, handicap-accessible features, and a full basement for storage. A Partner ACS Phone System is also identified among the building’s improvements.
The property is located at 5604 Cleveland Avenue in Stevensville, Michigan, with seven paved parking spaces serving the building. Cleveland Avenue is described as carrying thousands of vehicles daily, providing exposure for businesses operating from the site. Commercial Mixed Use zoning adds flexibility to the property’s office-oriented configuration.
The property is located at 5604 Cleveland Avenue in Stevensville, Michigan, with seven paved parking spaces serving the building. Cleveland Avenue is described as carrying thousands of vehicles daily, providing exposure for businesses operating from the site. Commercial Mixed Use zoning adds flexibility to the property’s office-oriented configuration.
Key Highlights
- Four private offices plus a large reception area
- Full basement provides additional storage space
- Commercial Mixed Use zoning
Financial Insights For Office B
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 | $21.6k | $17.04 |
| − Vacancy | −$3.0k | −$2.35 |
| EGI | $18.6k | $14.69 |
| − OpEx | −$4.7k | −$3.67 |
| NOI | $14.0k | $11.02 |
1,269 SF · lease $17.04/SF/yr · vacancy 13.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$199.7K
$174.8K – $233.0K
NOI $13,980 @ 7.0% cap · market cap 7.99%
Second Best
Mixed Use
$183.6K
$160.6K – $214.2K
NOI $12,849 @ 7.0% cap · market cap 7.34%
Theoretical Best
Office A
$267.0K
$233.7K – $311.5K
NOI $18,692 @ 7.0% cap · market cap 10.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
218
Businesses Nearby
Explore this area
Business Placement
Demographics for 49127, MI
10,811
Population
5,043
Households
2.1
Avg Household Size
45
Median Age
47%
College-Educated
98%
High-School Grad
17.1 sq mi
ZIP Area
632
Density / Sq Mi
$96,781
Median Household Income
$44,903
Median Earnings
$1,103
Median Rent
$287,000
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 - Commercial Mixed Use zoning supports a flexible office configuration with accessible entry and on-site parking.
Where is this office building located?
The property is located at 5604 Cleveland Avenue Stevensville, MI.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: Four private offices plus a large reception area; Full basement provides additional storage space; Commercial Mixed Use zoning
