Turnkey Flex Space Facility

604 N Spring St, Saint Johns, MI 48879

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For Sale

$695,000

Impeccably maintained flex space built in 2021.

Type:Industrial

Property size:

5,600 SF

Price / SF:

$124/SF

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.
Benefit from 16’ ceiling clearance.
Features an in‑floor heating system.
Seven 12’ grade‑level doors.

We can help!

Listing Contact

Amy Richter-Perkins

Learn more

For Sale

$695,000

Impeccably maintained flex space built in 2021.

Type:Industrial

Property size:

5,600 SF

Price / SF:

$124/SF

Added:: Oct 13, 2025
Days on Market:: 240
Last Refresh:: Apr 3 at 6:02 am

Property Features for 604 N Spring St

General Information

Standard status: Active
Size: 5,600 SF
Property subtype: Industrial

Building Details

Year Built: 2021

We can help!

Listing Contact

Amy Richter-Perkins

Listing agent Amy Richter-Perkins

Listing office Colliers Lansing

Listing date Oct 13, 2025

Source Cpix.resimplifi

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

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.
Benefit from 16’ ceiling clearance.
Features an in‑floor heating system.
Seven 12’ grade‑level doors.

Overview

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.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$88.7k	$15.84
− Vacancy	−$19.4k	−$3.47
EGI	$69.3k	$12.37
− OpEx	−$17.3k	−$3.09
NOI	$52.0k	$9.28

5,600 SF · lease $15.84/SF/yr · vacancy 21.90% · expense 25.00%

Alternative Uses

Best Use

Office B

$742.3K

$649.5K – $866.0K (±1% cap)

NOI $51,958 @ 7.0% cap · market cap 7.48%

Second Best

Flex RnD

$656.3K

$574.3K – $765.7K (±1% cap)

NOI $45,944 @ 7.0% cap · market cap 6.61%

Theoretical Best

Office A

$1.14M

$997.4K – $1.33M (±1% cap)

NOI $79,789 @ 7.0% cap · market cap 11.48%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Flex space

Suggested Use

Location Insight

Map
Local Demand

City: Saint Johns
County: Clinton
State: Michigan
Longitude: -84.556371
Latitude: 43.006582

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For sale
Flex space
MI
Saint Johns
48879
604 N Spring St

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.