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
    The Largest CRE Database in the US with Over 1 Million Listings

    4906 E Pickard St Mount Pleasant, MI 48858

    Sponsored
    For Sale
    $279,900

    COMMERCIAL - Mount Pleasant, MI

    Type:Office
    Property size:
    1,467 SF
    Lot size:
    0.20 Acres
    Days on Market:
    13
    Last Refresh:
    Jan 22 at 3:06 am

    Property Features for 4906 E Pickard St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Standard status
    Active
    Rooms
    Basement, Bathroom 1
    Bathrooms
    1
    APN
    14-104-00-002-00
    Parking
    10
    Size
    1,467 SF
    Lot size
    0.20 Acres

    Utilities

    Utilities
    Cable Available
    Heating system
    Forced Air

    Building Details

    Year built
    1950
    Floors in Building
    1
    Number of units
    1
    Building materials
    Vinyl Siding

    We can help!

    Listing Contact
    Kolina Mako
    Kolina Mako

    Coldwell Banker Lakes Realty (231) 972-8300 [email protected]

    Listing agent Kolina Mako (231) 972-8300

    Listing date Jan 10, 2026

    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

    Prime Commercial Building on Pickard

    This commercial building is situated on a high-traffic road, offering 65 feet of office space frontage on Pickard Street, across from Applebee's and MyMichigan Hospital. The building features a 1,467-square-foot layout suitable for various commercial uses. The front office area is an open space with large windows facing the busiest part of the lot. The back of the building is divided by a kitchen area and includes two extra-large areas with additional rooms. The rear of the building, previously a garage, sits on a cement pad. The basement provides easy access to utilities. Located in a growing area of town, the property benefits from a traffic count exceeding 25,000 vehicles per day. The lot size is 0.2 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Central Michigan Trailer ... Trailer Dealer

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Mount Pleasant
    County
    Isabella
    State
    Michigan
    Longitude
    -84.750436
    Latitude
    43.611409

    Nearby Similar for Sale

    • $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
    • New
      $309,470
      4,220 SF

      Well-Maintained Duplex in Mt Pleasant

      Side-by-side duplex with updates, income potential, and flexible ownership.
      1005 E Michigan 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
    • $869,000
      0.22 Acres

      Downtown Mount Pleasant Multifamily Portfolio

      Two multifamily properties in downtown Mount Pleasant near Central Michigan University.
      304 S Main St, Mount Pleasant, MI 48858
      View Details
    • $329,000
      6,120 SF

      Mount Pleasant Commercial Property For Sale

      6,120 SF commercial building on a half-acre lot.
      1506 W High St, Mount 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

    FAQs

    What type of property is this?
    Office building - High-traffic commercial building with versatile layout in growing area.
    Where is this office building located?
    The property is located at 4906 E Pickard St Mount Pleasant, MI.
    What is the asking price?
    The asking price for this property is $279,900.
    What are key features of this property?
    This property features: - High-traffic location with over 25,000 vehicles per day.; - **65 feet of office space frontage on Pickard Street.**; - Located across from Applebee's and My Michigan Hospital.
    (989) 423-0452
    Request Owner's contact information
    4906 E Pickard St Mount 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.
    4906 E Pickard St
    Mount 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
    4906 E Pickard St Mount 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
    Kolina Mako
    Kolina Mako
    Real Estate License ID: 6501405653
    (989) 423-0452
    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.