640 Fawn River Road, Sturgis, MI 49091
COMMERCIAL - Sturgis, MI
- Added:
- Jun 25, 2021
- Days on Market:
- 1813
- Last Refresh:
- Jun 11 at 1:06 am
Property Features for 640 Fawn River Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bathroom 1
- Interior features
- Broadband
- Standard status
- Active
- APN
- 7505277726010
- Size
- 5,500 SF
- Lot size
- 1.39 Acres
Taxes and HOA fees
- Tax Year
- 2020
- Tax Description
- Lengthy on File.
- Tax Annual Amount
- 3890
Utilities
- Utilities
- Cable Available
- Heating system
- Forced Air
Building Details
- Year built
- 1950
- Floors in Building
- 1
- Number of units
- 2
- Building materials
- Aluminum Siding
- Roof type
- Rubber
Listing agent David C Clark License #6506043540 (269) 808-0265
Listing office RE/MAX Elite Group 26078 US 12 Hwy Suite A, Sturgis, MI (269) 651-2776
Listing date Jun 25, 2021
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HighLights
- Turn‑key auto repair and towing business with established police towing rotation in two counties.
- Extensive towing fleet included: 7 tow trucks (2 heavies, 1 medium, 2 flat beds, 1 light, motorcycle trailer).
- Zoned industrial, offering diverse usage possibilities beyond the existing business.
- Substantial fenced‑in area at the rear of the property.
- Equipped with 6 hoists and 8 overhead doors (2 with automatic openers).
- Includes a 2‑bay 30x40 outbuilding, 3 forklifts, 10‑ton equipment trailer, and semi‑tractor.
Overview
Local Financial Insights For Industrial
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 | $120.8k | $21.96 |
| − Vacancy | −$3.3k | −$0.59 |
| EGI | $117.5k | $21.37 |
| − OpEx | −$35.3k | −$6.41 |
| NOI | $82.3k | $14.96 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Sturgis
- County
- St. Joseph
- State
- Michigan
- Longitude
- -85.426305
- Latitude
- 41.781014
