Versatile Industrial Flex
9167 1st Street Baroda, MI 49101
9167 1st Street, Baroda, MI, 49101
$439,000
For Sale
$439,000
Well-maintained industrial building with two overhead doors, office space on main and upper levels, and 3-phase 600-amp power.
Property Size6,250 SF
Price / SF$70.24
Days on Market133
Property Features for 9167 1st Street
General Information
- Standard status
- Active
- Size
- 6,250 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1993
Listing agency
Coldwell Banker Realty
(773) 220-9062
Listed by
Mara Walsh
(773) 220-9062
Source
Carolbollo
Added: Mar 12 Updated: Jul 21 at 6:13PM Checked: Jul 22 at 5:58AM
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 Realty
Investment Insights
Based on property information with market context.
This well-maintained industrial flex building offers approximately 6,250 sq. ft. of versatile space suitable for warehouse, workshop, light manufacturing, or storage for recreational equipment and toys. The facility includes 6-inch concrete floors and strong year-round insulation, supported by updated HVAC and automatic exhaust fans for ventilation.
The building is served by 3-phase, 600-amp electrical service and features two 12' x 14' overhead doors for straightforward loading and access. Office space is available on both the main and upper levels, with bathrooms on each floor, and the upper office includes a full bathroom with a shower. A fully paved lot supports convenient access, ample maneuvering space, and parking.
With office and restroom amenities distributed across levels, the layout can support a combination of work and office use within the same building, while the overhead doors and heavy-duty flooring align with typical light industrial operations.
The building is served by 3-phase, 600-amp electrical service and features two 12' x 14' overhead doors for straightforward loading and access. Office space is available on both the main and upper levels, with bathrooms on each floor, and the upper office includes a full bathroom with a shower. A fully paved lot supports convenient access, ample maneuvering space, and parking.
With office and restroom amenities distributed across levels, the layout can support a combination of work and office use within the same building, while the overhead doors and heavy-duty flooring align with typical light industrial operations.
Key Highlights
- Approximately 6,250 SF industrial building built in 1993, with versatile space for warehouse, workshop, light manufacturing, or storage
- 3‑phase 600‑amp electrical service, plus updated HVAC and automatic exhaust fans for ventilation
- Two 12' x 14' overhead doors for easy access
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
Office B
$983.6K
$860.7K – $1.15M
NOI $68,852 @ 7.0% cap · market cap 15.68%
Second Best
Warehouse
$484.4K
$423.8K – $565.1K
NOI $33,906 @ 7.0% cap · market cap 7.72%
Theoretical Best
Office A
$1.32M
$1.15M – $1.53M
NOI $92,062 @ 7.0% cap · market cap 20.97%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
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FAQs
What type of property is this?
Flex space - Well-maintained industrial building with two overhead doors, office space on main and upper levels, and 3-phase 600-amp power.
Where is this flex space located?
The property is located at 9167 1st Street Baroda, MI.
What is the asking price?
The asking price for this property is $439,000.
What are key features of this property?
This property features: Approximately 6,250 SF industrial building built in 1993, with versatile space for warehouse, workshop, light manufacturing, or storage; 3‑phase 600‑amp electrical service, plus updated HVAC and automatic exhaust fans for ventilation; Two 12' x 14' overhead doors for easy access
