Operational Auto Shop
For Sale
$549,000
106 S State Street, Stanton, MI 48888
Commercial Sale, Stanton, MI
Property Size3,750 SF
Lot Size1.00 Acre
Price / SF$146.40
Days on Market402
Property Features for 106 S State Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
City of Stanton
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Parking
25
Elementary school district
Central Montcalm
Middle school district
Central Montcalm
High school district
Central Montcalm
Directions
M66 (Sheridan Rd) towards Stanton on the corner of M66(State St/Sheridan Rd) & Walnut St in Stanton, One block south of Main St
Subdivision
Montcalm County - V
Standard status
Active
APN
053-144-005-00
Size
3,750 SF
Lot size
1.00 Acre
Taxes and HOA fees
Tax Year
2024
Tax Description
LOTS 5 & 7 BLK 4 J P BEERS' ADDITION VILLAGE (NOW CITY) OF STANTON. Also 2nd parcel included
Tax Annual Amount
2235
Legal Description
LOTS 5 & 7 BLK 4 J P BEERS' ADDITION VILLAGE (NOW CITY) OF STANTON. Also 2nd parcel included
Utilities
Sewer type
Septic Tank
Heating system
Forced Air
Cooling system
Central Air
Amenities
service pit
holding tank for used oil
Building Details
Year built
2000
Floors in Building
2
Number of units
1
Building materials
Vinyl Siding
Listing Agency:
Five Star Real Estate (Stanton)
(989) 287-0962
Listed By:
Scott Giddings · License #6501396414
(616) 754-3100
Added: Aug 6, 2025
Changed: Sep 7
Last Checked: Sep 11 at 12:06PM
MLS# 25043373
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 3,750-square-foot auto shop property includes the operating business and its tangible and intangible assets. The sale includes equipment, inventory, real estate, customer lists, brand goodwill, and intellectual property. The company provides auto glass replacement, glass shower enclosure work, residential window installation, and siding services, with more than 13 years of operating history. The building was constructed in 2000 with a built-in service pit and used-oil holding tank originally designed for oil changes. It also features vinyl siding, forced-air heating, central air, and a septic tank.
The facility occupies two parcels totaling 1 acre near a high-traffic intersection in Stanton. Its configuration includes a bathroom and existing service infrastructure suited to the current operation, with the service pit also supporting vehicle maintenance activity for an in-house fleet or future public-facing services.
The facility occupies two parcels totaling 1 acre near a high-traffic intersection in Stanton. Its configuration includes a bathroom and existing service infrastructure suited to the current operation, with the service pit also supporting vehicle maintenance activity for an in-house fleet or future public-facing services.
Key Highlights
- 3,750‑square‑foot auto shop property with operating business included
- Business has more than 13 years of operating history
- Sale includes equipment, inventory, real estate, customer lists, brand goodwill, and intellectual property
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$38,928
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.09%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$778,560
$778.6K
Cap Rate 7%
$556,114
$556.1K
Cap Rate 9%
$432,533
$432.5K
Market Conditions
NOI Build-Up for 3,750 SF
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.
Gross rent
$58.1K $15.48/SF
− Vacancy
−$2.4K −$0.65/SF
EGI
$55.6K $14.83/SF
− OpEx
−$16.7K −$4.45/SF
NOI
$38.9K $10.38/SF
Area
Montcalm County, MI
Vacancy
4.20%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$778,560
Cap Rate 7%
$556,114
Cap Rate 9%
$432,533
Alternative Uses
Best Use
Industrial
$816.9K
$714.8K – $953.1K
NOI $57,184 @ 7.0% cap · market cap 10.42%
Second Best
Retail
$556.1K
$486.6K – $648.8K
NOI $38,928 @ 7.0% cap · market cap 7.09%
Theoretical Best
Self Storage
$51.90M
$45.41M – $60.55M
NOI $3,632,847 @ 7.0% cap · market cap 661.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Service bays
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
253
Businesses Nearby
25k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 64%
Shops & Services 36%
McDonald's
Dining
15,731 visits/mo
0.2 miles
Dollar Tree
Shops & Services
6,242 visits/mo
0.1 miles
Marathon
Shops & Services
2,714 visits/mo
0.4 miles
Demographics for 48888, MI
6,258
Population
2,928
Households
2.1
Avg Household Size
45
Median Age
13%
College-Educated
89%
High-School Grad
85.2 sq mi
ZIP Area
73
Density / Sq Mi
$55,954
Median Household Income
$36,164
Median Earnings
$899
Median Rent
$147,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
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Similar Off Market Nearby
- Bookwalter Towing & Recovery — 335 s state st, stanton, mi 48888
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- Bookwalter Chevrolet — 335 S Sheridan Rd Building C, Stanton, MI 48888
- Bookwalter Chevrolet Buick Service & Body Shop — 335 s sheridan rd, stanton, mi 48888
- C C Auto Repair — 321 E Walnut St, Stanton, MI 48888
Frequently Asked Questions
What type of property is this?
Auto shop - Established service operation with included equipment, inventory, real estate, customer lists, and intellectual property.
Where is this auto shop located?
The property is located at 106 S State Street Stanton, MI.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: 3,750‑square‑foot auto shop property with operating business included; Business has more than 13 years of operating history; Sale includes equipment, inventory, real estate, customer lists, brand goodwill, and intellectual property
