Former Bank Branch with
E 815 E Main Avenue Unit SourceFi Zeeland, MI 49464
For Sale
$750,000
Former Macatawa Bank branch office with a large parking lot and drive-thru configuration on the east entrance to Zeeland.
Property Size2,304 SF
Price / SF$325.52
Days on Market187
Property Features for E 815 E Main Avenue Unit SourceFi
General Information
Standard status
Active
Size
2,304 SF
Property subtype
Industrial
Building Details
Year Built
2005
Listing Agency:
(810) 602-0564
Listed By:
Coldwell Banker Woodland Schmidt Saugatuck
(810) 602-0564
Source:
Xome
Added: Jan 21
Changed: Jul 25
Last Checked: Jul 27 at 3:10AM
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 Saugatuck
Investment Insights
Based on property information with market context.
This 2,304-square-foot commercial property is a former Macatawa Bank branch office and is offered with a large parking lot and drive-thru in place. The site provides a versatile interior footprint for a range of commercial uses, and there are no recorded use restrictions noted for the property.
The property is positioned at the east entrance to the city of Zeeland and has easy access to I-196, supporting straightforward customer and employee access.
Designed as a bank branch with drive-thru infrastructure, the configuration can support users looking for an established commercial layout with off-street parking and vehicle service capability.
The property is positioned at the east entrance to the city of Zeeland and has easy access to I-196, supporting straightforward customer and employee access.
Designed as a bank branch with drive-thru infrastructure, the configuration can support users looking for an established commercial layout with off-street parking and vehicle service capability.
Key Highlights
- 2,304 SF former Macatawa Bank branch office with a large parking lot and drive‑thru configuration
- Strategically positioned at the east entrance to the city of Zeeland with easy access to I‑196
- Former bank branch setup supports a range of commercial uses, including retail, office, and food service
Financial Insights For Specialty Retail
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 | $35.7k | $15.48 |
| − Vacancy | −$1.5k | −$0.65 |
| EGI | $34.2k | $14.83 |
| − OpEx | −$8.5k | −$3.71 |
| NOI | $25.6k | $11.12 |
2,304 SF · lease $15.48/SF/yr · vacancy 4.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$366.1K
$320.3K – $427.1K
NOI $25,626 @ 7.0% cap · market cap 3.42%
Second Best
Office B
$362.6K
$317.3K – $423.0K
NOI $25,382 @ 7.0% cap · market cap 3.38%
Theoretical Best
Multifamily LT 5
$28.65M
$25.07M – $33.43M
NOI $2,005,561 @ 7.0% cap · market cap 267.41%
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?
Bank - Former Macatawa Bank branch office with a large parking lot and drive-thru configuration on the east entrance to Zeeland.
Where is this bank located?
The property is located at E 815 E Main Avenue Unit SourceFi Zeeland, MI.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 2,304 SF former Macatawa Bank branch office with a large parking lot and drive‑thru configuration; Strategically positioned at the east entrance to the city of Zeeland with easy access to I‑196; Former bank branch setup supports a range of commercial uses, including retail, office, and food service
