Flex Space with Bathroom
For Sale
$175,000
791 Case Karsten Drive 27, Zeeland, MI 49464
An enclosed unit offers heating, cold-water access, and plumbing for a bathroom.
Property Size800 SF
Price / SF$218.75
Days on Market53
Property Features for 791 Case Karsten Drive 27
General Information
Standard status
Active
Size
800 SF
Property subtype
Industrial
Taxes and HOA fees
Annual Taxes
$524
Building Details
Building Size
800 SF
Year Built
2026
Listing Agency:
Coldwell Banker Woodland Schmidt ART Office
Listed By:
Derrek Sterken · License #6501451743
(616) 403-3442
Source:
Carinirealtors
Added: Sep 10
Changed: Oct 26
Last Checked: Oct 31 at 7:00AM
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 Coldwell Banker Woodland Schmidt ART Office
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Investment Insights
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This 800-square-foot flex unit measures 20 feet by 40 feet and is planned for completion in October 2026. Features include a unit heater, steel interior walls, a cold-water spigot, and plumbing for a bathroom. The enclosed space can accommodate storage, workshop activity, or small-business use.
The property is at 791 Case Karsten Drive in Zeeland, just off Riley Street.
The property is at 791 Case Karsten Drive in Zeeland, just off Riley Street.
Key Highlights
- 800‑square‑foot flex unit with 20' x 40' dimensions
- Unit heater, steel walls, and a cold‑water spigot
- Plumbing installed for a bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,469
Cap Rate
7.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$269,380
$269.4K
Cap Rate 7%
$192,414
$192.4K
Cap Rate 9%
$149,656
$149.7K
Market Conditions
NOI Build-Up for 800 SF
Gross rent
$17.3K $21.60/SF
− Vacancy
−$1.4K −$1.79/SF
EGI
$15.8K $19.81/SF
− OpEx
−$2.4K −$2.97/SF
NOI
$13.5K $16.84/SF
Area
Ottawa County, MI
Vacancy
8.30%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$269,380
Cap Rate 7%
$192,414
Cap Rate 9%
$149,656
Alternative Uses
Best Use
Warehouse
$192.4K
$168.4K – $224.5K
NOI $13,469 @ 7.0% cap · market cap 7.70%
Second Best
Industrial
$168.7K
$147.6K – $196.8K
NOI $11,806 @ 7.0% cap · market cap 6.75%
Theoretical Best
Multifamily LT 5
$9.95M
$8.70M – $11.61M
NOI $696,375 @ 7.0% cap · market cap 397.93%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
143
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 49464, MI
29,654
Population
11,001
Households
2.7
Avg Household Size
37
Median Age
35%
College-Educated
95%
High-School Grad
73.1 sq mi
ZIP Area
406
Density / Sq Mi
$97,573
Median Household Income
$47,030
Median Earnings
$976
Median Rent
$316,700
Median Home Value
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - An enclosed unit offers heating, cold-water access, and plumbing for a bathroom.
Where is this flex space located?
The property is located at 791 Case Karsten Drive 27 Zeeland, MI.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: 800‑square‑foot flex unit with 20' x 40' dimensions; Unit heater, steel walls, and a cold‑water spigot; Plumbing installed for a bathroom
