Flex Space with Overhead
For Sale
$1,250,000
5943 N Michigan Road, Dimondale, MI 48821
Commercial Sale, Dimondale, MI
Property Size12,554 SF
Lot Size2.71 Acres
Price / SF$99.57
Days on Market137
Property Features for 5943 N Michigan Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Zoning
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Parking
25
Elementary school district
Holt/Dimondale
Middle school district
Holt/Dimondale
High school district
Holt/Dimondale
Directions
GPS
Standard status
Active
APN
23-080-013-200-045-00
Size
12,554 SF
Lot size
2.71 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
COM 267.8 FT W & 300 FT S OF NE COR SEC.13, S 01 DEG 38MIN 30SEC W 234.23 FT, S 40DEG 21MIN 43SEC E 87.25 FT TO C/L M-99, SWLY ALONG C/L M-99 280 FT, N 37DEG 30SEC W 398.32 FT, N 52DEG 30MIN E 60 FT, N 70DEG 36MIN 18SEC E 382.27 FT TO BEG. SUBJ TO 60 FT EASEMENT FOR INGRESS & EGRESS. SEC.13, T3N,R3W, WINDSOR TWP 1986
Tax Annual Amount
24708
Legal Description
COM 267.8 FT W & 300 FT S OF NE COR SEC.13, S 01 DEG 38MIN 30SEC W 234.23 FT, S 40DEG 21MIN 43SEC E 87.25 FT TO C/L M-99, SWLY ALONG C/L M-99 280 FT, N 37DEG 30SEC W 398.32 FT, N 52DEG 30MIN E 60 FT, N 70DEG 36MIN 18SEC E 382.27 FT TO BEG. SUBJ TO 60 FT EASEMENT FOR INGRESS & EGRESS. SEC.13, T3N,R3W, WINDSOR TWP 1986
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1993
Floors in Building
1
Flooring type
Vinyl
Building materials
Aluminum Siding
Roof type
Aluminum
Listing Agency:
Coldwell Banker Professionals-E.L. · Coldwell Banker Real Estate
(517) 332-5100
Listed By:
Lisa Allen-Kost · License #6501365317
(517) 230-9678
Added: Jun 2
Changed: Oct 6
Last Checked: Oct 16 at 8:06AM
MLS# 296464
Copyright © 2026 Greater Lansing Association of Realtors. 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 12,554-square-foot flex property sits on 2.71 acres and includes warehouse space, an overhead door, professional offices, and a reception area. The building was constructed in 1993 with aluminum siding, an aluminum roof, vinyl flooring, forced-air heat, and central air. Public water and public sewer serve the property, which also includes two bathrooms.
Located at 5943 N Michigan Road in Dimondale, the property offers access near I-96 and I 127. Its layout and full-power service support warehouse storage and distribution functions alongside office operations. The property is offered for sale or lease.
Located at 5943 N Michigan Road in Dimondale, the property offers access near I-96 and I 127. Its layout and full-power service support warehouse storage and distribution functions alongside office operations. The property is offered for sale or lease.
Key Highlights
- 12,554 square feet on 2.71 acres
- Flex layout with warehouse, office, and reception areas
- Full‑power service and overhead door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$74,980
Cap Rate
6.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,499,600
$1.5M
Cap Rate 7%
$1,071,143
$1.1M
Cap Rate 9%
$833,111
$833.1K
Market Conditions
NOI Build-Up for 12,554 SF
Gross rent
$92.3K $7.35/SF
− Vacancy
−$4.1K −$0.32/SF
EGI
$88.2K $7.03/SF
− OpEx
−$13.2K −$1.05/SF
NOI
$75.0K $5.97/SF
Area
Eaton County, MI
Vacancy
4.40%
Lease Rate
$7.35 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,499,600
Cap Rate 7%
$1,071,143
Cap Rate 9%
$833,111
Alternative Uses
Best Use
Warehouse
$1.07M
$937.3K – $1.25M
NOI $74,980 @ 7.0% cap · market cap 6.00%
Second Best
Flex RnD
$1.04M
$913.3K – $1.22M
NOI $73,066 @ 7.0% cap · market cap 5.85%
Theoretical Best
Multifamily LT 5
$144.53M
$126.46M – $168.62M
NOI $10,117,139 @ 7.0% cap · market cap 809.37%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
64
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48821, MI
5,987
Population
2,591
Households
2.3
Avg Household Size
51
Median Age
36%
College-Educated
97%
High-School Grad
19.9 sq mi
ZIP Area
301
Density / Sq Mi
$103,652
Median Household Income
$57,222
Median Earnings
$1,003
Median Rent
$237,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Industrial property combining warehouse capacity with professional office and reception areas.
Where is this flex space located?
The property is located at 5943 N Michigan Road Dimondale, MI.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 12,554 square feet on 2.71 acres; Flex layout with warehouse, office, and reception areas; Full‑power service and overhead door
