Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1129 N State St Big Rapids, MI 49307

    Sponsored
    For Lease
    $1.00 SF/Yr

    COMMERCIAL - Big Rapids, MI

    Type:Retail
    Property size:
    1,208 SF
    Lot size:
    0.15 Acres
    Days on Market:
    2
    Last Refresh:
    Mar 3 at 1:06 pm

    Property Features for 1129 N State St

    General Information

    Property type
    Commercial Lease
    Property subtype
    Retail
    Standard status
    Active
    APN
    5417-10-227-001
    Parking features
    Driveway
    Fireplace
    1
    Size
    1,208 SF
    Lot size
    0.15 Acres

    Utilities

    Utilities
    Cable Available
    Heating system
    Forced Air

    Building Details

    Building materials
    Aluminum Siding
    Roof type
    Rubber

    We can help!

    Listing Contact
    Brittany Felde
    Brittany Felde

    Felde Realty (231) 414-3883

    Listing agent Brittany Felde (231) 414-3883

    Listing date Mar 2, 2026

    MLS# 26007544

    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.

    Learn more

    Property Insight Report

    Overview

    Big Rapids Commercial Space For Lease

    This commercial property is available for lease in a high-visibility location on a busy main road in Big Rapids. Zoned C-3 Commercial within city limits, the space allows for a wide variety of business uses including retail, food service, and professional services. The property is currently operating as a bakery and offers a turn-key layout. The flexible 1208-square-foot space and prime location make this a fantastic opportunity to establish your business in a high-traffic commercial location with excellent visibility and easy access. The lot size is 0.15 acres. The property is located at 1129 N State Street, Big Rapids, MI 49307. The lease rate is $1,200 per month, and lease terms are negotiable. Equipment is available for purchase separately.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Van Brocklin's Bakery Bakery Jack's Italian Bakery ... Bakery

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Big Rapids
    County
    Mecosta
    State
    Michigan
    Longitude
    -85.486984
    Latitude
    43.711845

    Nearby Similar for Lease

    • $4,800 /Mo
      3,600 SF

      Prime Location Office/Medical Space

      Versatile commercial space in a high-traffic area with ample parking.
      400 Perry Ave, Big Rapids, MI 49307
      View Details
    • $2,900 /Mo
      3,500 SF

      Updated Commercial Space on M-20

      Versatile commercial space with high visibility and updated features.
      805 Maple St, Big Rapids, MI 49307
      View Details
    • $550 /Mo
      170 SF

      Downtown Big Rapids Office Space

      Updated office space in downtown Big Rapids, perfect for small business.
      211 Maple St, Big Rapids, MI 49307
      View Details
    • $550 /Mo
      170 SF

      Downtown Big Rapids Office Space

      Updated office space in downtown Big Rapids, perfect for small business.
      211 Maple Ste 4 St, Big Rapids, MI 49307
      View Details
    • $950 /Mo
      270 SF

      Downtown Big Rapids Office Space

      Updated office space in downtown Big Rapids, perfect for small business.
      211 Maple Ste 2 St, Big Rapids, MI 49307
      View Details
    • $12 SF/Yr
      1,220 SF

      Office Suite Near Courthouse

      Office suite for rent, close to downtown and courthouse.
      302 S Warren Ave, Big Rapids, MI 49307
      View Details
    • $10 SF/Yr
      24,049 SF

      Big Rapids Retail Space For Lease

      7,926 SF Available in Prime Location
      408 Perry Ave, Big Rapids, MI 49307
      View Details
    • $14 SF/Yr
      11,562 SF

      Big Rapids Retail Space For Sale

      11,562 SF former Rite Aid, high traffic.
      836 State St, Big Rapids, MI 49307
      View Details

    FAQs

    What type of property is this?
    Retail space - Prime commercial space in high-traffic location, suitable for various businesses.
    Where is this retail space located?
    The property is located at 1129 N State St Big Rapids, MI.
    What is the lease rate?
    The lease rate is $1.00 SF/Yr.
    What are key features of this property?
    This property features: - High-visibility location on a busy main road.; - Zoned C-3 Commercial, allowing for a wide variety of business uses.; - Turn-key layout, currently operating as a bakery.
    (231) 414-3883
    Request Owner's contact information
    1129 N State St Big Rapids, MI 49307
    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.
    1129 N State St
    Big Rapids, MI 49307
    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
    1129 N State St Big Rapids, MI 49307
    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
    Brittany Felde
    Brittany Felde
    (231) 414-3883 (231) 937-1077
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!