Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Prime Retail Space Available Title is generated by Realmo AI

    1901 S Mission, Mt Pleasant, MI 48858

    View on Map
    Claim this Listing
    For Lease
    $12 SF/Yr $2,976/Mo (calc)

    Retail Store - Mt Pleasant, MI

    Property size:
    2,976 SF
    Lot size:
    0.52 Acres
    Added:
    Mar 6, 2025
    Days on Market:
    428
    Last Refresh:
    May 8 at 11:06 pm

    Property Features for 1901 S Mission

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    Commercial
    Rooms
    Basement
    Basement Y/N
    1
    Standard status
    Active
    Size
    2,976 SF
    Lot size
    0.52 Acres

    Utilities

    Heating system
    Forced Air

    Building Details

    Year built
    1978
    Building materials
    Block
    Roof type
    Membrane
    Architectural style
    Other

    We can help!

    Listing Contact
    Kevin Query

    Listing agent Kevin Query

    Listing office Manitou Commercial Real Estate, LLC 4020 Copper Ridge, Ste.129, Traverse City, MI

    Listing date Mar 6, 2025

    MLS# 1931263 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.

    HighLights

    • Prime location on Mission St, the main commercial thoroughfare of Mt. Pleasant.
    • High visibility unit ideal for retail, medical, or office use.
    • Located next to Central Michigan University's campus.
    • Multiple configurations available to suit various business needs.
    • Building constructed with durable block materials.
    • Includes a basement.

    Overview

    Located at 1901 S Mission St in Mt. Pleasant, MI, this commercial property offers 2976 square feet of retail space for lease. Situated in the prime commercial corridor of Mission St, the main thoroughfare of Mt. Pleasant, the property benefits from high visibility. The 0.52-acre lot is located next to Central Michigan University’s campus. The property's zoning is Commercial, and it is suitable for retail, medical, or office use, with multiple configurations available to suit various business needs.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Levels Cannabis - Mount ... (Bike/Boat/Book/etc) Store

    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
    Mt Pleasant
    County
    Isabella
    State
    Michigan
    Longitude
    -84.766512
    Latitude
    43.583869

    Nearby Similar for Lease

    • $3,500/Mo

      Mt Pleasant Industrial Space Available

      4,200 SF industrial space for lease in Mt Pleasant.
      711 W Pickard Street, Mt Pleasant, MI 48858
      View Details
    • $1,100/Mo

      Cornerstone Building Office Space

      Downtown Mt. Pleasant office space with shared amenities for lease.
      300 S University Street, Mt Pleasant, MI 48858
      View Details
    • $1,100/Mo

      Downtown Mt. Pleasant Office Space

      Professional office space in downtown Mt. Pleasant's Cornerstone Building.
      300 S. University Avenue, Mt. Pleasant, MI 48858
      View Details
    • $435/Mo

      Downtown Mt. Pleasant Office Space

      Class A office space in downtown Mt. Pleasant for lease.
      304 E Broadway, Mt Pleasant, MI 48858
      View Details
    • $7,000/Mo

      Mt Pleasant Office/Warehouse Space

      6,800 SF office space available for lease.
      711 W Pickard Street, Mt Pleasant, MI 48858
      View Details
    • $800/Mo

      Mt Pleasant Office with Storage

      Office space with basement and outside storage yard for lease.
      4049 "B" E Northwind Drive, Mt Pleasant, MI 48858
      View Details
    • $5,175/Mo

      Industrial Facility with Office Space

      10,000 SF industrial facility with office space for lease.
      515 Industrial Drive, Mt Pleasant, MI 48858
      View Details
    • $13 SF/Yr

      Mt Pleasant Office/Retail Space

      4,108 SF office/retail space available for lease.
      4585 E Pickard Road, Mt Pleasant, MI 48858
      View Details
    • $2,000/Mo

      Industrial Shop For Rent

      Industrial shop with overhead doors and crane for rent.
      1315 N Mission Road, Mt Pleasant, MI 48858
      View Details
    • $13 SF/Yr

      Mt Pleasant Warehouse and Office

      2,520 SF available with office and warehouse space.
      4585 E Pickard Road, Mt Pleasant, MI 48858
      View Details
    • $500/Mo

      Mt Pleasant Warehouse/Manufacturing Space

      Warehouse/manufacturing space for lease in Mt Pleasant, Michigan.
      4049 S Northwind Drive, Mt Pleasant, MI 48858
      View Details
    • $13 SF/Yr

      Retail Space in Northridge Plaza

      2,520 SF retail space available for lease.
      4585 E Pickard Road, Mt Pleasant, MI 48858
      View Details

    FAQs

    What type of property is this?
    Retail space - High-visibility retail space in Mt. Pleasant's commercial corridor.
    Where is this retail space located?
    The property is located at 1901 S Mission Mt Pleasant, MI.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: Prime location on Mission St, the main commercial thoroughfare of Mt. Pleasant.; High visibility unit ideal for retail, medical, or office use.; Located next to Central Michigan University's campus.
    (231) 632-9596
    We can help!
    Listing Contact
    Kevin Query
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    1901 S Mission, Mt Pleasant, MI 48858
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!