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    Caro, MI

    Caro, MI Commercial Real Estate for Sale

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    Mayville, MI Vassar, MI Kingston, MI
    14 properties
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    Restaurant, Bar with Apartments
    Updated: Oct 22, 2025
    Restaurant, Bar with Apartments

    261 N State Street, Caro, MI 48723

    $450,000
    3,368 sqft · 0.04 AC lot
    Fully functioning restaurant/bar with existing customer base.
    Sale includes liquor license.
    Two upstairs apartments provide rental income potential.
    Prime downtown Caro location.
    The two‑bedroom apartment has been recently touched up.
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    This listing looks promising.

    Here's a quick look at some key insights for

    261 N State Street, Caro, MI 48723

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    • Est. Cap Rate

      8.3%
      Above avg (5.9%)

    • Est. NOI

      $37K
      Annual

    • Price @ 7% Cap

      $535K
      Above asking

    • Last Sold

      Feb 2024
      $75K
    View Property Analytics
    Industrial Building with Three Bays
    Updated: Jun 8
    Industrial Building with Three Bays

    3465 Mertz Road, Caro, MI 48723

    $450,000
    5,265 sqft · 2.16 AC lot
    2013‑built commercial/industrial building with 3 bays and 3 separate 12‑ft high overhead doors
    Concrete floors rated for heavy loads with ample ceiling height throughout
    Office setup includes showroom, 4 separate offices, 2 spacious conference rooms, kitchen, and 2 bathrooms (1 full, 1 1/2)
    Heating and cooling include radiant floor heat, forced air, zoned central air, and 3 mini splits
    Roofing includes metal and asphalt; wheelchair access with accessible ramp approach
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    1004 West Caro Road, Caro, MI 48723
    1004 West Caro Road, Caro, MI 48723

    1004 West Caro Rd, Caro, MI 48723

    $349,000
    1,250 sqft · 1.13 AC lot

    FORMER MEDICAL OFFICE FOR SALE

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    Corner Former Liquor Store Building
    Corner Former Liquor Store Building

    3497 E Sanilac Rd, Caro, MI 48723

    $319,000
    1,200 sqft · 2.27 AC lot

    Former liquor store on a highly visible corner lot, zoned for liquor store use with a full basement.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Versatile Mixed-Use Property in Caro
    Versatile Mixed-Use Property in Caro

    4027 W CARO Road, Caro, MI 48723

    $295,000
    5,024 sqft · 4.67 AC lot

    5-acre property with shop, apartment, and storage barn.

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    837 South State Street Caro
    837 South State Street Caro

    837 South State St, Unit Caro, Caro, MI 48723

    $299,000
    3,550 sqft

    LARGE RETAIL STOREFRONT ON M-81

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    Adult Foster Care Residential Facility
    Adult Foster Care Residential Facility

    3771 Colwood Road, Caro, MI 48723

    $749,000
    4,536 sqft · 9.39 AC lot

    Licensed for up to 12 residents in a custom ranch with generator-backed systems and substantial on-site storage.

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    Freestanding Wendy’s Investment Property
    Freestanding Wendy’s Investment Property

    847 S State St, Caro, MI 48723

    $2,021,000
    2,414 sqft

    Single-tenant Wendy’s in Caro, Michigan with long-term lease.

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    Downtown Office/Retail Opportunity
    Downtown Office/Retail Opportunity

    441 N STATE St, Caro, MI 48723

    $44,500
    780 sqft

    780 SF office/retail space in high-traffic downtown location.

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    Land For Sale
    Land For Sale

    3473 Mertz Rd, Caro, MI 48723

    $254,900
    2.13 AC lot

    Land available for purchase.

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    Turn-Key Victorian Bed & Breakfast
    Turn-Key Victorian Bed & Breakfast

    103 N ALMER Street, Caro, MI 48723

    $1,280,000

    Fully furnished, turn-key bed and breakfast with two restored Victorian homes, porch, dining room, and guest amenities.

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    Former Dry Cleaning Building
    Former Dry Cleaning Building

    815 GIBBS ST, Caro, MI 48723

    $109,900
    1,600 sqft

    Service-ready interior with customer reception area, support rooms, and on-site parking plus two large lots.

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    Caro Land Opportunity on M-81
    Caro Land Opportunity on M-81

    M-81 and Dixon Rd, Caro, MI

    $74,900
    3.06 AC lot

    High visibility land parcels available for development in Caro, MI.

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    1.67 Acre Site For Sale
    1.67 Acre Site For Sale

    W Caro Rd & Cooling Rd, Caro, MI 48723

    $250,000
    1.67 AC lot

    1.67 acre commercial site with usable ground available.

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    Based on your search, we've compiled 76 Potential Opportunities for your consideration. Besides 14 Active listings in Caro, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 58 Off-Market properties to explore as potential leads

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Small-Farm Property with Pole Barn
    Small-Farm Property with Pole Barn

    Mayville, MI 48744

    $269,900
    1,700 sqft · 5.51 AC lot

    Secluded small-farm setting with creek, established orchard, and an attached 30x40 pole barn for storage and projects.

    View details
    Buildable Hilltop Lake-View Parcel
    Buildable Hilltop Lake-View Parcel

    V/L 3 Shay Lake Road, Kingston, MI 48741

    $89,500
    6.00 AC lot

    6+/- acre rural homesite with rolling terrain, sandy loam soils, and paved road frontage.

    View details
    Turnkey Liquor Store and Building
    Turnkey Liquor Store and Building

    111 Mayville, Mayville, MI 48744

    Contact for pricing
    1,856 sqft · 2.27 AC lot

    Own a ready-to-run liquor store business with real estate and basement storage for everyday operations.

    View details
    Agricultural Land Parcel
    Agricultural Land Parcel

    V/L 1 Hurds Corner Road, Kingston, MI 48741

    $144,500

    For sale agricultural land in Tuscola County, located just north of the Shay Lake and Hurds Corner road crossroads.

    View details

    Off-Market Properties in Caro, MI

    Consider similar Off-Market properties in Caro, MI. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    1341 Colling Rd
    COMMERCIAL (GENERAL)

    1341 Colling Rd, Caro, MI 48723-9244

    Value Estimation by Request
    View details
    1341 Colling Rd
    COMMERCIAL (GENERAL)

    1341 Colling Rd, Caro, MI 48723-9244

    Value Estimation by Request
    3.77 AC lot
    View details
    1052 Cleaver Rd
    COMMERCIAL (GENERAL)

    1052 Cleaver Rd, Caro, MI 48723-1170

    Value Estimation by Request
    0.63 AC lot
    View details
    144 Burnside St
    COMMERCIAL (GENERAL)

    144 Burnside St, Caro, MI 48723-1507

    Value Estimation by Request
    View details
    146 Sherman St
    COMMERCIAL (GENERAL)

    146 Sherman St, Caro, MI 48723-1532

    Value Estimation by Request
    View details
    547 Montague Ave
    COMMERCIAL (GENERAL)

    547 Montague Ave, Caro, MI 48723-9503

    Value Estimation by Request
    View details
    628 Columbia St
    INDUSTRIAL (GENERAL)

    628 Columbia St, Caro, MI 48723-9502

    Value Estimation by Request
    0.94 AC lot
    View details
    630 Columbia St
    INDUSTRIAL (GENERAL)

    630 Columbia St, Caro, MI 48723-9502

    Value Estimation by Request
    0.05 AC lot
    View details
    243 State St
    COMMERCIAL (GENERAL)

    243 State St, Caro, MI 48723-1560

    Value Estimation by Request
    0.05 AC lot
    View details
    842 State St
    COMMERCIAL (GENERAL)

    842 State St, Caro, MI 48723-1764

    Value Estimation by Request
    0.96 AC lot
    View details

    Caro, MI Commercial Real Estate Market Trends and Statistics

    Explore 72 commercial real estate for sale in Caro, MI, showcased through 14 active listings on our real estate platform. These investment opportunities span a total of 55,768 square feet of properties for sale, with an estimated market value of $6,516,200.

    Sale prices for business properties in Caro, MI start at $44,500, averaging $465,442, and reaching up to $2,021,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 12K
    Population Growth (5Y) -0.6%
    Median Household Income $56,618
    College Educated 24.2%

    High-Yield Neighborhoods for Investment

    Identify Caro submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    48723 $412.7K

    Taxes & Financing

    Tax Rate (average for all types) 4.73%
    Average Loan-to-Value 65.0%

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