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

    4985 Page Ave Michigan Center, MI 49254

    Sponsored
    For Sale
    $499,900

    COMMERCIAL - Michigan Center, MI

    Type:Retail
    Property size:
    6,000 SF
    Lot size:
    0.86 Acres
    Days on Market:
    27
    Last Refresh:
    Feb 1 at 8:06 am

    Property Features for 4985 Page Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2
    Bathrooms
    2
    APN
    000-14-04-452-001-06
    Parking
    20
    Interior features
    Broadband
    Size
    6,000 SF
    Lot size
    0.86 Acres

    Utilities

    Utilities
    Natural Gas Available
    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    2019
    Floors in Building
    2
    Number of units
    4
    Building materials
    Metal Siding, Stone
    Roof type
    Metal

    We can help!

    Listing Contact
    Clifford Risner
    Clifford Risner

    Executive Brokers Residential and Commercial Real Estate (517) 414-8181

    Listing agent Clifford Risner (517) 414-8181

    Listing date Jan 6, 2026

    MLS# 25046812

    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

    Michigan Center Retail Building For Sale

    This C2 building, completed in 2020 and located in Leoni Township, offers 6,000 square feet of space. The property includes visible road signage and can be divided into four separate units, offering flexible options. It features over 20 parking spaces and four separately metered 200-AMP service panels. This location permits micro-growing, dispensing, and processing activities for cannabis businesses. Grow lights and equipment are included with the sale. The property is located in Michigan Center, MI.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Skybox Cannabis Cannabis Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Michigan Center
    County
    Jackson
    State
    Michigan
    Longitude
    -84.314702
    Latitude
    42.233283

    Nearby Similar for Sale

    • New
      $274,900
      6,056 SF

      Veterinary Hospital with Apartment, Barn

      2.63 acre property with hospital, apartment, and pole barn.
      4946 Page Ave, Michigan Center, MI 49254
      View Details
    • $165,000
      0.27 Acres

      Four-Unit Multifamily Property in Michigan Center

      Multifamily property near schools, parks, and major routes.
      221 Grand St, Michigan Center, MI 49254
      View Details
    • $165,000
      0.27 Acres

      Michigan Center Multifamily Property

      Multifamily property for sale in Michigan Center, MI.
      221 Grand St, Michigan Center, MI 49254
      View Details
    • $699,000
      7,856 SF

      Michigan Center Industrial Opportunity

      Industrial property in Michigan Center with 7,856 square feet.
      4115 Felters Rd, Michigan Center, MI 49254
      View Details
    • $699,000
      7,856 SF

      Versatile Industrial and Office Space

      Well-maintained Michigan Center property with mixed industrial and office space.
      4115 Felters Rd, Michigan Center, MI 49254
      View Details
    • $135,000
      1,547 SF

      Commercial Property in Desirable Location

      Commercial property in the heart of Michigan Center with customizable layout.
      4341 Page Ave, Michigan Center, MI 49254
      View Details
    • $135,000
      1,547 SF

      Michigan Center Office For Sale

      Office building in Michigan Center, MI, totaling 1,547 square feet.
      4341 Page Ave, Michigan Center, MI 49254
      View Details
    • $115,000
      420 SF

      Established Barbershop or Versatile Commercial Space

      Well-maintained commercial property in high-traffic area, ideal for barbershop or retail.
      108 Grand St, Michigan Center, MI 49254
      View Details
    • $115,000
      420 SF

      Michigan Center Office For Sale

      Office property for sale in Michigan Center, MI with 420 SF.
      108 Grand St, Michigan Center, MI 49254
      View Details
    • $499,900
      6,000 SF

      Michigan Center Retail Opportunity

      Retail property for sale in Michigan Center, Michigan.
      4985 Page Ave, Michigan Center, MI 49254
      View Details
    • $249,900
      2,268 SF

      Michigan Center Industrial Opportunity

      Industrial property in Michigan Center with warehouse space for sale.
      4309 Page Ave, Michigan Center, MI 49254
      View Details
    • $274,900

      Veterinary Hospital on 2.63 Acres

      Veterinary hospital with apartment and pole barn on 2.63 acres.
      4946 Page Ave, Michigan Center, MI 49254
      View Details

    FAQs

    What type of property is this?
    Retail space - 6,000 sq ft retail building completed in 2020.
    Where is this retail space located?
    The property is located at 4985 Page Ave Michigan Center, MI.
    What is the asking price?
    The asking price for this property is $499,900.
    What are key features of this property?
    This property features: - Permitted for cannabis micro-growing, dispensing, and processing, including all grow lights and equipment; - Divisible into four separate units, offering flexible usage options; - 6,000 sq ft C2 building constructed in 2020
    (517) 414-8181
    Request Owner's contact information
    4985 Page Ave Michigan Center, MI 49254
    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.
    4985 Page Ave
    Michigan Center, MI 49254
    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
    4985 Page Ave Michigan Center, MI 49254
    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
    Clifford Risner
    Clifford Risner
    Real Estate License ID: 6502432896
    (517) 414-8181
    Learn more
    Google sign-in failed. Please try again or use another login method.