Mixed-Use Building with Commercial
New
For Sale
$549,900
94 N Union Street, Sparta, MI 49345
Three finished levels combine food-service space with additional commercial areas and creek frontage in Sparta’s downtown.
Property Size6,327 SF
Price / SF$86.91
Days on Market5
Property Features for 94 N Union Street
General Information
Standard status
Active
Size
6,327 SF
Total Parking Spaces
20
Property subtype
Commercial
Restaurant
Commercial Hood
Yes
Equipment Included
Yes
Taxes and HOA fees
Annual Taxes
$5,052
Building Details
Building Size
6,327 SF
Year Built
1928
Buildings
1
Stories
3
Units
3
Listing Agency:
United Realty Services LLC
(616) 965-2304
Listed By:
Chris Botruff
(616) 813-7020
Source:
Buskardgroup
Added: Oct 19
Changed: Oct 22
Last Checked: Oct 22 at 2:12PM
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 United Realty Services LLC
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Investment Insights
Based on property information with market context.
Built in 1928, this three-level commercial property contains 6,327 square feet of finished space. The main floor includes a commercial kitchen with an 8-foot cooking hood, included major appliances and equipment, and an ADA-compliant bathroom. The kitchen was previously approved by the Kent County Health Department and operated as a food-service space. A lift was installed in winter 2026 and approved by the State of Michigan. Building improvements include extensive electrical and plumbing work, a roof recoating in 2024, brick tuck-pointing, attic insulation, LED lighting, and a surveillance system.
The finished second and third floors provide additional commercial areas. The third floor has a full bathroom and a kitchenette with a granite countertop and sink; plumbing and sink areas are present on all three floors. Attic platforms and walkways add storage space. The property also includes creek frontage, a sealed driveway, and a parking lot, and is situated within Sparta’s downtown parks, civic-center, festival, and community activity area.
The finished second and third floors provide additional commercial areas. The third floor has a full bathroom and a kitchenette with a granite countertop and sink; plumbing and sink areas are present on all three floors. Attic platforms and walkways add storage space. The property also includes creek frontage, a sealed driveway, and a parking lot, and is situated within Sparta’s downtown parks, civic-center, festival, and community activity area.
Key Highlights
- 6,327 square feet across three finished levels
- Commercial kitchen with an 8‑foot cooking hood; major appliances and equipment included
- Main floor includes an ADA‑compliant bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,587
Cap Rate
5.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$591,740
$591.7K
Cap Rate 7%
$422,671
$422.7K
Cap Rate 9%
$328,744
$328.7K
Market Conditions
NOI Build-Up for 6,327 SF
Gross rent
$43.5K $6.88/SF
− Vacancy
−$1.3K −$0.20/SF
EGI
$42.3K $6.68/SF
− OpEx
−$12.7K −$2.00/SF
NOI
$29.6K $4.68/SF
Area
Kent County, MI
Vacancy
2.90%
Lease Rate
$6.88 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$591,740
Cap Rate 7%
$422,671
Cap Rate 9%
$328,744
Alternative Uses
Best Use
Mixed Use
$1.04M
$910.1K – $1.21M
NOI $72,809 @ 7.0% cap · market cap 13.24%
Second Best
Specialty Retail
$1.01M
$879.6K – $1.17M
NOI $70,371 @ 7.0% cap · market cap 12.80%
Theoretical Best
Office A
$1.13M
$990.2K – $1.32M
NOI $79,214 @ 7.0% cap · market cap 14.41%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Commercial hood
Location Intelligence
Trade Area within ½ mile
325
Businesses Nearby
Explore this area
Business Placement
Demographics for 49345, MI
13,734
Population
5,074
Households
2.7
Avg Household Size
39
Median Age
28%
College-Educated
93%
High-School Grad
52.2 sq mi
ZIP Area
263
Density / Sq Mi
$84,918
Median Household Income
$44,051
Median Earnings
$968
Median Rent
$261,400
Median Home Value
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Three finished levels combine food-service space with additional commercial areas and creek frontage in Sparta’s downtown.
Where is this mixed-use property located?
The property is located at 94 N Union Street Sparta, MI.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: 6,327 square feet across three finished levels; Commercial kitchen with an 8‑foot cooking hood; major appliances and equipment included; Main floor includes an ADA‑compliant bathroom
