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    32 State Rd Newaygo, MI 49337

    New
    Picture of Retail space at State Rd 32, Newaygo, MI
    For Sale
    $55,000

    SINGLE_FAMILY - Newaygo, MI

    Type:Retail
    Property size:
    400 SF
    Lot size:
    0.03 Acres
    Days on Market:
    5
    Last Refresh:
    Dec 5 at 7:06 am

    Property Features for 32 State Rd

    General Information

    Property type
    Residential
    Property subtype
    Retail
    Standard status
    Active
    Rooms
    Bathroom 1
    Bathrooms
    1
    APN
    621919151008
    Interior features
    Broadband
    Size
    400 SF
    Lot size
    0.03 Acres

    Utilities

    Utilities
    Cable Available
    Heating system
    Baseboard
    Cooling system
    Ductless

    Building Details

    Year built
    1950
    Number of units
    1
    Building materials
    Brick
    Roof type
    Composition

    Patriot Realty (616) 956-7676 [email protected]

    Listing agent Ronald A Lemmon (616) 956-7676

    Listing date Dec 1, 2025

    Copyright © 2025 Montcalm County Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Downtown Newaygo Commercial Building

    This commercial building is located in downtown Newaygo, presenting various possibilities for prospective owners. The property is currently configured as a hair salon, with the existing tenant planning to retire. The layout is suitable for a similar business or a small professional service or retail operation. The location benefits from high traffic in the center of the city. A city-owned parking lot provides ample parking. The property has low carrying costs, with average monthly electric expenses of $60 for heat and lights, and quarterly water and sewer costs of $184, which includes parking and downtown management fees. The property experiences high foot and car traffic along M-37/State Road. The building has a size of 400 square feet and is situated on a lot of approximately 0.03 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Newaygo
    County
    Newaygo
    State
    Michigan
    Longitude
    -85.800093
    Latitude
    43.419113

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    FAQs

    What type of property is this?
    Retail space - Commercial building in high-traffic area suitable for retail or services.
    Where is this retail space located?
    The property is located at 32 State Rd Newaygo, MI.
    What is the asking price?
    The asking price for this property is $55,000.
    What are key features of this property?
    This property features: - High traffic location in the center of Newaygo on M-37/State Road.; - Suitable for hair salon, professional service, or retail business.; - Ample parking in city-owned lot.
    (616) 956-7676
    Request Owner's contact information
    32 State Rd Newaygo, MI 49337
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    Realmo Value Estimation

    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.

    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.

    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
    32 State Rd Newaygo, MI 49337
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