Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1005 E Michigan St Mt Pleasant, MI 48858

    Sponsored
    For Sale
    $309,470

    Ranch, Duplex (Side x Side) - Mt Pleasant, MI

    Property size:
    4,220 SF
    Lot size:
    0.22 Acres
    Days on Market:
    5
    Last Refresh:
    Jan 20 at 1:06 pm

    Property Features for 1005 E Michigan St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Residential,Multi-Family
    Rooms
    Basement, Dining Room, Kitchen, Living Room
    Parking
    2
    Parking features
    Garage
    Interior features
    Storage Space, Great Room, Pantry, Den/Study
    Basement Y/N
    1
    Appliances
    Dishwasher, Dryer, Garbage Disposer, Microwave, Range, Refrigerator, Washer
    Size
    4,220 SF
    Lot size
    0.22 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Number of units
    2
    Roof type
    Asphalt
    Architectural style
    Ranch

    We can help!

    Listing Contact
    Jeanette Corbin

    Keller Williams Northern Michigan (231) 947-8200 [email protected]

    Listing agent Jeanette Corbin (989) 317-4444

    Listing date Jan 16, 2026

    MLS# 1941728 Listing URL

    Copyright © 2026 Northern Great Lakes Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Well-Maintained Duplex in Mt Pleasant

    This well-maintained side-by-side duplex, built in 2001, offers flexibility and long-term value. Located in Mt Pleasant, MI, the property features two spacious units with similar but non-identical layouts, each designed for comfortable, independent living. It offers flexible multi-unit ownership with the ability to generate rental income from one or both units. Both units offer separate entrances, private laundry, individual utilities, and attached two-car garages that share a common wall. One unit is currently occupied, while the other is vacant and move-in ready, providing immediate options for a new owner. Recent improvements add appeal and peace of mind. Updates include fresh interior paint, luxury vinyl plank flooring, kitchen counter updates, bathroom vanity replacement, newer appliances, a paver patio, and a whole-house water filtration system, with updates varying by unit. A full basement with egress windows offers additional finished space and storage. Situated on a landscaped lot of 0.22 acres with a sprinkler system and deck areas, this duplex combines thoughtful maintenance with practical features. It has municipal utilities, natural gas heating, and central air. The property size is 4220 square feet. Possession at closing is subject to tenant rights. It is zoned for residential and multi-family use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mt Pleasant
    County
    Isabella
    State
    Michigan
    Longitude
    -84.764403
    Latitude
    43.603867

    Nearby Similar for Sale

    • New
      $1,450,000
      8,264 SF

      Turnkey Assisted Living Business Residence

      Assisted living business, residence, pole barn, and wooded acreage.
      702 E Remus Rd, Mt Pleasant, MI 48858
      View Details
    • $329,000
      6,120 SF

      Retail Building in Mt Pleasant

      Freestanding 6,120 SF building on a half-acre lot.
      1506 W High St, Mt Pleasant, MI 48858
      View Details
    • $174,900
      1,011 SF

      Potential Investment Property on M-20

      1.58 acre lot with high visibility on business M-20.
      3126 W Remus Rd, Mt Pleasant, MI 48858
      View Details
    • $2,100,000
      24,000 SF

      Mt Pleasant Office Building For Sale

      Two-story commercial office building with ample parking in Mt Pleasant.
      2600 Three Leaves Dr, Mt Pleasant, MI 48858
      View Details
    • $169,900
      1,690 SF

      Duplex Near Mission Street, Mt Pleasant

      Duplex with remodeled bathroom and shared storage building.
      820-822 E Chippewa St, Mt Pleasant, MI 48858
      View Details
    • $3,100,000
      142,076 SF

      Mt. Pleasant Industrial Property

      140,000 SF industrial property on 20 acres in Mt. Pleasant.
      711 W Pickard St, Mt Pleasant, MI 48858
      View Details
    • $375,000
      3,725 SF

      Fully Occupied Apartment Complex Investment

      Five-unit multifamily property with long-term tenants and proven rental history.
      501 S University St, Mt Pleasant, MI 48858
      View Details
    • $160,000
      1,399 SF

      Mt Pleasant Duplex Near CMU

      Duplex with rental history, near CMU, downtown, shopping, and parks.
      415 S Franklin St, Mt Pleasant, MI 48858
      View Details
    • $245,000
      2,026 SF

      Mt Pleasant Licensed Rental Property

      8 bedroom, 3 bath licensed rental property in Mt Pleasant.
      1020 S Lansing St, Mt Pleasant, MI 48858
      View Details
    • $180,000
      1,512 SF

      Licensed Rental Property in Mt Pleasant

      Six-bedroom, two-bath licensed rental property in Mt. Pleasant, Michigan.
      1022 S Lansing St, Mt Pleasant, MI 48858
      View Details
    • $220,000
      2,482 SF

      Licensed Rental Property in Mt Pleasant

      7-bedroom, 2.5-bath licensed rental property in Mt Pleasant, MI.
      510 S Main St, Mt Pleasant, MI 48858
      View Details
    • $950,000
      13,586 SF

      Executive Office Building For Sale

      Multi-tenant executive office building with leased suites and long-term tenants.
      1205 S Mission St, Mt Pleasant, MI 48858
      View Details

    FAQs

    What type of property is this?
    Duplex - Side-by-side duplex with updates, income potential, and flexible ownership.
    Where is this duplex located?
    The property is located at 1005 E Michigan St Mt Pleasant, MI.
    What is the asking price?
    The asking price for this property is $309,470.
    What are key features of this property?
    This property features: - Multi-unit property with income-generating potential from two separate units.; - Move-in ready vacant unit provides immediate occupancy or rental opportunity.; - Each unit features separate entrances, private laundry, individual utilities, and attached two-car garages.
    (989) 317-4444
    Request Owner's contact information
    1005 E Michigan St Mt Pleasant, MI 48858
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1005 E Michigan St
    Mt Pleasant, MI 48858
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1005 E Michigan St Mt Pleasant, MI 48858
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Jeanette Corbin
    (989) 317-4444
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.