Spring Lake Office Building For
622 E Savidge Street, Spring Lake, MI 49456
4,200 SF office building on highly traveled Savidge Street.
Type:Commercial/Industrial
Property size:
4,200 SFLot size:
0.59 AcresPrice / SF:
$165/SF- Added:
- Mar 11, 2026
- Days on Market:
- 68
- Last Refresh:
- Apr 6 at 3:55 am
Property Features for 622 E Savidge Street
General Information
- Standard status
- Active
- Size
- 4,200 SF
- Lot size
- 0.59 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1997
Listing agent David Ten Cate License #6502325769
Listing office Capstone Real Estate LLC (616) 847-1031
Listing date Mar 11, 2026
Source Exitrealty
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 Capstone Real Estate LLC
HighLights
- High visibility location on heavily trafficked Savidge Street (M‑104) in Spring Lake.
- Move‑in ready, nicely finished office space with a functional layout including 12 offices, conference room, and open collaboration area.
- Recent updates include a new flat roof (2021) with a 10‑year warranty and a new rooftop HVAC unit (2022).
- Ample on‑site parking and great curb appeal.
- Flexible zoning permits retail, restaurant, and office uses.
- Strong neighboring tenants, including Ace Hardware and Little Caesars.
Overview
This 4,200 SF office building is situated on highly traveled Savidge Street (M-104) in Spring Lake, offering excellent visibility and accessibility. The property features curb appeal and ample on-site parking. The interior is finished and suitable for professional users, including a large lobby/reception area, 12 offices, a conference room, an open-concept collaboration area, a kitchenette, 4 restrooms, and an outdoor patio area. Recent updates include a new flat roof system installed in 2021 with a 10-year warranty, and a new rooftop HVAC unit in 2022. The site includes a large ground sign and is located near neighboring tenants such as Ace Hardware, Front Porch, Little Caesars, Butch's Beach Burritos, and the Village Baker. The applicable zoning ordinance permits retail, restaurant service, and office uses.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$514.1K
NOI $46,269 @ 9.00% cap · cautious / downside scenario
Moderate
$661.0K
NOI $46,269 @ 7.00% cap · market / base-case scenario
Aggressive
$925.4K
NOI $46,269 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $71.6k | $17.04 |
| − Vacancy | −$9.9k | −$2.35 |
| EGI | $61.7k | $14.69 |
| − OpEx | −$15.4k | −$3.67 |
| NOI | $46.3k | $11.02 |
4,200 SF · lease $17.04/SF/yr · vacancy 13.80% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$661.0K
$578.4K – $771.2K
NOI $46,269 @ 7.0% cap · market cap 6.66%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$52.23M
$45.70M – $60.93M
NOI $3,655,970 @ 7.0% cap · market cap 526.04%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Rant Insurance Group
Insurance Agency
The Absenger Cancer Education ...
Charitable Organization
Clarity Realty - Lakeshore
Real Estate Agency
Project 12:02
Corporate Office
Renewed Hope Counseling ...
Counselor
Location Insight
- Map
- Local Demand
- City
- Spring Lake
- County
- Ottawa
- State
- Michigan
- Longitude
- -86.1843
- Latitude
- 43.0762
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - 4,200 SF office building on highly traveled Savidge Street.
Where is this office building located?
The property is located at 622 E Savidge Street Spring Lake, 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: High visibility location on heavily trafficked Savidge Street (M‑104) in Spring Lake.; Move‑in ready, nicely finished office space with a functional layout including 12 offices, conference room, and open collaboration area.; Recent updates include a new flat roof (2021) with a 10‑year warranty and a new rooftop HVAC unit (2022).
