Brand-New Commercial Building with
For Sale
$260,000
7225 Saddlebag Lake Road, Lake Odessa, MI 48849
Gym building on a busy intersection with Woodland Township General Commercial zoning for flexible tenant or buyer use.
Property Size900 SF
Lot Size1.42 Acres
Price / SF$288.89
Days on Market232
Property Features for 7225 Saddlebag Lake Road
General Information
Standard status
Active
Size
900 SF
Lot size
1.42 Acres
Property subtype
General Commercial
Zoning
General Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
2025
Listing Agency:
Independence Realty (Main)
(616) 262-4574
Listed By:
Doug Takens · License #6501343127
(616) 262-4574
Source:
Xome
Added: Dec 11, 2025
Changed: Jul 10
Last Checked: Jun 15 at 1:30AM
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 Independence Realty (Main)
Investment Insights
Based on property information with market context.
The property includes 1.42 acres with a brand-new 900-square-foot commercial building currently being used as a gym. The building features a bathroom and storage space, and it also has brand-new well and septic systems in place.
Located on a busy intersection in Woodland Township, the site is approximately 10 minutes from the I-96 Highway. The current offering is supported by Woodland Township zoning designated as “General Commercial,” which is described as supporting a range of uses.
For tenants, buyers, and operators, the existing gym layout and installed utilities provide a practical starting point if you plan to remain in fitness or convert to another concept. The zoning information indicates possible uses including restaurants and office buildings, among other options, allowing a flexible path depending on the business plan. This combination of a recently built facility, dedicated on-site well and septic service, and adaptable zoning makes the property well-suited for ownership or occupancy scenarios where a straightforward conversion and dependable fundamentals matter.
Located on a busy intersection in Woodland Township, the site is approximately 10 minutes from the I-96 Highway. The current offering is supported by Woodland Township zoning designated as “General Commercial,” which is described as supporting a range of uses.
For tenants, buyers, and operators, the existing gym layout and installed utilities provide a practical starting point if you plan to remain in fitness or convert to another concept. The zoning information indicates possible uses including restaurants and office buildings, among other options, allowing a flexible path depending on the business plan. This combination of a recently built facility, dedicated on-site well and septic service, and adaptable zoning makes the property well-suited for ownership or occupancy scenarios where a straightforward conversion and dependable fundamentals matter.
Key Highlights
- 1.42‑acre property with a brand new 900 SF building currently used as a gym
- Building includes a bathroom and storage space
- New well and septic system installed for the property
Financial Insights For Specialty Retail
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 | $17.1k | $18.96 |
| − Vacancy | −$1.1k | −$1.18 |
| EGI | $16.0k | $17.78 |
| − OpEx | −$4.0k | −$4.45 |
| NOI | $12.0k | $13.34 |
900 SF · lease $18.96/SF/yr · vacancy 6.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$171.5K
$150.1K – $200.1K
NOI $12,005 @ 7.0% cap · market cap 4.62%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
33
Businesses Nearby
16k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Speedway
Shops & Services
16,249 visits/mo
0.3 miles
Demographics for 48849, MI
5,904
Population
2,295
Households
2.6
Avg Household Size
42
Median Age
18%
College-Educated
94%
High-School Grad
83.7 sq mi
ZIP Area
71
Density / Sq Mi
$79,423
Median Household Income
$41,516
Median Earnings
$772
Median Rent
$212,900
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Fitness center & gym - Gym building on a busy intersection with Woodland Township General Commercial zoning for flexible tenant or buyer use.
Where is this fitness center & gym located?
The property is located at 7225 Saddlebag Lake Road Lake Odessa, MI.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: 1.42‑acre property with a brand new 900 SF building currently used as a gym; Building includes a bathroom and storage space; New well and septic system installed for the property
