Versatile Industrial
9167 1st St Baroda, MI 49101
9167 1st St, Baroda, MI, 49101
$449,000
For Sale
$449,000
Well-maintained industrial building with two overhead doors, 3-phase 600-amp power, and offices on both levels.
Property Size6,250 SF
Price / SF$71.84
Days on Market86
Property Features for 9167 1st St
General Information
- Standard status
- Active
- Size
- 6,250 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1993
Listing agency
Coldwell Banker Residential Brokerage
(630) 643-2853
Listed by
Peggy Sayre
(630) 643-2853
Source
Elliman
Added: Apr 27 Updated: Jul 21 at 7:54AM Checked: Jul 21 at 7:54AM
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 Residential Brokerage
Investment Insights
Based on property information with market context.
Well-maintained industrial building offering approximately 6,250 sq. ft. of versatile space for warehouse, workshop, light manufacturing, or storage use. The facility includes 3-phase, 600-amp electrical service, 6-inch concrete floors, and insulation designed for year-round use. Two 12' x 14' overhead doors provide straightforward access for loading and unloading, supported by automatic exhaust fans and updated HVAC.
Office space is available on both the main and upper levels, with bathrooms on each floor. The upper office area includes a full bathroom with shower, allowing additional flexibility for workspace and operations. The property also features a fully paved lot with convenient access, ample maneuvering space, and parking.
The building is positioned near I-94 and the US-31 Bypass along the Southwest Michigan Wine Trail, supporting practical regional connectivity for business and logistics needs.
Office space is available on both the main and upper levels, with bathrooms on each floor. The upper office area includes a full bathroom with shower, allowing additional flexibility for workspace and operations. The property also features a fully paved lot with convenient access, ample maneuvering space, and parking.
The building is positioned near I-94 and the US-31 Bypass along the Southwest Michigan Wine Trail, supporting practical regional connectivity for business and logistics needs.
Key Highlights
- Approximately 6,250 sq. ft. industrial building built in 1993 with versatile space for warehouse, workshop, or light manufacturing
- 3‑phase, 600‑amp electrical service plus updated HVAC for reliable year‑round operation
- 6‑inch concrete floors and excellent insulation for durable, year‑round use
Local Financial Insights For Warehouse
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 | $43.5k | $6.96 |
| − Vacancy | −$3.6k | −$0.58 |
| EGI | $39.9k | $6.38 |
| − OpEx | −$6.0k | −$0.96 |
| NOI | $33.9k | $5.42 |
6,250 SF · lease $6.96/SF/yr · vacancy 8.30% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$484.4K
$423.8K – $565.1K
NOI $33,906 @ 7.0% cap · market cap 7.55%
Second Best
Flex RnD
$447.0K
$391.2K – $521.6K
NOI $31,293 @ 7.0% cap · market cap 6.97%
Theoretical Best
Office A
$1.32M
$1.15M – $1.53M
NOI $92,062 @ 7.0% cap · market cap 20.50%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Well-maintained industrial building with two overhead doors, 3-phase 600-amp power, and offices on both levels.
Where is this flex space located?
The property is located at 9167 1st St Baroda, MI.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: Approximately 6,250 sq. ft. industrial building built in 1993 with versatile space for warehouse, workshop, or light manufacturing; 3‑phase, 600‑amp electrical service plus updated HVAC for reliable year‑round operation; 6‑inch concrete floors and excellent insulation for durable, year‑round use
