Property profile

3200 James Savage Rd Midland, MI 48642

OFF-MARKET
Office buildings
Property ID
US43-2220881
6,359 SF 0.76 ac lot Built 1986
Individually Owned 5-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 1,284-square-foot executive office space is perfectly situated in Midland, Michigan, at 3200 James Savage Rd, 48642. Located on the second floor of a two-story building constructed in 1986, this single-tenant space offers a versatile layout ideal for a variety of businesses. The interior comprises three private offices, a spacious open office/reception area, and a dedicated conference room, providing ample room for both individual work and collaborative efforts. Significant storage is available thanks to abundant closet space. The property benefits from a well-maintained common area of approximately 250 square feet, including a large bathroom. All utilities, lawn care, snow removal, maintenance, and property taxes are included in the lease, minimizing operational overhead. Recent improvements include fresh paint, new furnaces and air conditioners, a Duro Last roof, and updated sidewalks. The property is zoned OS and sits within the Midland submarket of the Mid-Michigan Region. This space is particularly well-suited for non-profit organizations or similar entities. This is a fantastic opportunity to secure a move-in ready office space in a prime Midland location.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1986
Total area 6,359 SF
Lot 0.76 ac (33,106 SF)
Zoning code IA
APN 14-23-10-014
UPID US43-2220881

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Association / Organization
  • Charitable Organization Social Service Agency
  • Tutoring Service
  • Drug Testing Service
  • Construction Company General Contractor

Location

3200 James Savage Rd Midland, MI 48642-5856
Midland metro Census 290600 MIDLAND, MI MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$370k

Owner & transaction history

since 2021
Last sale
$375,000
1 recorded transaction
2021
$375,000

Zoning & alternative use

IA · Midland, MI
Zoning description

IA Industrial A District IB Industrial B District Section 9.02 - STATEMENTS OF PURPOSE A. Agricultural District The Agricultural District is intended to provide areas of the City for agricultural use, and other compatibl…

General category INDUSTRIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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