Turnkey Flex Space
604 N Spring St Saint Johns, MI 48879
For Sale
$695,000
Impeccably maintained flex space built in 2021.
Property Size5,600 SF
Price / SF$124.11
Days on Market285
Property Features for 604 N Spring St
General Information
- Standard status
- Active
- Size
- 5,600 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 2021
Listing Agency:
Colliers Lansing
(517) 614-1314
Listed By:
Amy Richter-Perkins
(517) 614-1314
Source:
Cpix.resimplifi
Added: Oct 13, 2025
Changed: Jul 10
Last Checked: Jul 10 at 3:56PM
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 Colliers Lansing
Investment Insights
Based on property information with market context.
Constructed in 2021, this property is suitable for an owner/user, investor, or both, seeking a turnkey facility. The property is currently demised as six bays, but the main building could be open span. The office building is located immediately adjacent with a private entrance. Potential uses include open storage of materials and goods, processing, production, cleaning, warehousing, and contract services. The building features metal siding and a metal roof. The construction includes OSB: 1/2’ inside/outside, sidewalls, ceiling, and roof. Closed cell foam insulation (2” attic and walls) provides energy efficiency. Each bay measures approximately 13.5’ x 50’ (approximately 750 SF) with a 16’ ceiling clearance. The property includes an in-floor heating system, seven 12’ grade-level doors, single-phase 220-volt electricity, 5”-8” concrete, and 6” drains around the building. The asphalt parking lot is 5”. A partially fenced yard includes a 268’ x 6’ chain-link fence. The total property size is 5600 square feet.
Key Highlights
- Built in 2021, offering a turnkey facility in impeccable condition.
- Expertly constructed with high‑quality materials and workmanship by a licensed contractor.
- Flexible space: Currently six bays, but can be open span.
Financial Insights For Flex RnD
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 | $78.6k | $14.04 |
| − Vacancy | −$7.9k | −$1.42 |
| EGI | $70.7k | $12.62 |
| − OpEx | −$24.7k | −$4.42 |
| NOI | $45.9k | $8.20 |
5,600 SF · lease $14.04/SF/yr · vacancy 10.10% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$656.3K
$574.3K – $765.7K
NOI $45,944 @ 7.0% cap · market cap 6.61%
Second Best
Warehouse
$538.6K
$471.2K – $628.3K
NOI $37,699 @ 7.0% cap · market cap 5.42%
Theoretical Best
Office A
$1.14M
$997.4K – $1.33M
NOI $79,789 @ 7.0% cap · market cap 11.48%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
FAQs
What type of property is this?
Flex space - Impeccably maintained flex space built in 2021.
Where is this flex space located?
The property is located at 604 N Spring St Saint Johns, MI.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Built in 2021, offering a turnkey facility in impeccable condition.; Expertly constructed with high‑quality materials and workmanship by a licensed contractor.; Flexible space: Currently six bays, but can be open span.
