Commercial Building with Commercial
9160 Helena Road Unit SourceFi Alden, MI 49612
For Sale
$350,000
Commercial building featuring oak wood floors, a commercial kitchen, restrooms, plus basement and attic storage.
Property Size3,315 SF
Price / SF$105.58
Days on Market774
Property Features for 9160 Helena Road Unit SourceFi
General Information
Standard status
Active
Size
3,315 SF
Property subtype
Industrial
Building Details
Year Built
1900
Listing Agency:
REMAX Of Elk Rapids
(231) 218-8400
Listed By:
Donald Fedrigon · License #6502117560
(231) 218-8400
Source:
Xome
Added: Jun 16, 2024
Changed: Jul 26
Last Checked: Jul 28 at 4:12AM
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 REMAX Of Elk Rapids
Investment Insights
Based on property information with market context.
This for-sale commercial building offers interior character with oak wood floors and includes a commercial kitchen and restrooms. The layout includes partitioning, which could support multiple businesses, and the property also provides basement and attic storage. Additional site improvements noted include an upgraded septic system.
The building is located in downtown Alden and described as just a short distance from Torch Lake, within a four-season community.
Overall, the combination of a dedicated commercial kitchen, restroom facilities, and flexible interior partitioning makes the space well-suited for users looking for a compact, workable commercial footprint. The property is identified as 9160 Helena Road Unit SourceFi, Alden, MI 49612.
The building is located in downtown Alden and described as just a short distance from Torch Lake, within a four-season community.
Overall, the combination of a dedicated commercial kitchen, restroom facilities, and flexible interior partitioning makes the space well-suited for users looking for a compact, workable commercial footprint. The property is identified as 9160 Helena Road Unit SourceFi, Alden, MI 49612.
Key Highlights
- Quaint commercial building in downtown Alden
- 1900 construction with oak wood floors and asphalt roof
- Includes commercial kitchen and restrooms
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 | $26.7k | $8.04 |
| − Vacancy | −$986 | −$0.30 |
| EGI | $25.7k | $7.74 |
| − OpEx | −$7.7k | −$2.32 |
| NOI | $18.0k | $5.42 |
3,315 SF · lease $8.04/SF/yr · vacancy 3.70% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$526.7K
$460.9K – $614.5K
NOI $36,871 @ 7.0% cap · market cap 10.53%
Second Best
Office B
$485.4K
$424.7K – $566.3K
NOI $33,977 @ 7.0% cap · market cap 9.71%
Theoretical Best
Office A
$589.9K
$516.2K – $688.3K
NOI $41,295 @ 7.0% cap · market cap 11.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - Commercial building featuring oak wood floors, a commercial kitchen, restrooms, plus basement and attic storage.
Where is this office units located?
The property is located at 9160 Helena Road Unit SourceFi Alden, MI.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Quaint commercial building in downtown Alden; 1900 construction with oak wood floors and asphalt roof; Includes commercial kitchen and restrooms
