3200 James Savage RdMidland, MI 48642

Property Details for 3200 James Savage Rd

Year built

1986

Lot size

0.76 AC

Property size (Sq ft)

6,359 SF

Zone code

IA

Property type

Office buildings

APN

14-23-10-014

APU

142310014

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $1,088,584

  6.5%

  $1,004,847

  7%

  $933,072

• Comparable approach

  Method

  Valuation

  Relative Method

  $594,821

  Geo Method

  $594,821

• Alternative Use

  Use

  Valuation

  Residential

  $1,246,010

  Hospitality

  $1,141,339

  Educational

  $949,580

  Medical

  $982,238

  Retail

  $1,477,125

Location Insight

City

Midland

County

Midland

State

Michigan

Latitude

43.6095

Longitude

-84.1878

CBSA code

33220

CBSA name

MIDLAND, MI MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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