Commercial Building with Pole
5010 S M-106 Stockbridge, MI 49285
5010 S M-106, Stockbridge, MI, 49285
$849,900
For Sale
$849,900
COMMERCIAL - Stockbridge, MI
Property Size7,400 SF
Lot Size3.00 Acres
Price / SF$114.85
Days on Market197
Property Features for 5010 S M-106
General Information
- Property type
- Commercial Sale
- Property subtype
- Retail
- Bathrooms
- 1
- Rooms
- Bathroom 1
- Standard status
- Active
- APN
- 33-16-16-34-200-012
- Size
- 7,400 SF
- Lot size
- 3.00 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- S 34-1-6-1 COM AT THE NE COR SEC 34 -S ALNG E SEC LN 180 FT TO POB -S 150 FT -W 592 FT -N 330 FT TO N SEC LN -E 232 FT
- Tax Annual Amount
- 7172
Utilities
- Sewer type
- Septic Tank
- Heating system
- Forced Air
- Water source
- Well
Building Details
- Year built
- 1972
- Floors in Building
- 1
- Number of units
- 1
- Building materials
- Aluminum Siding
Listing agency
Home 1st Real Estate
(517) 780-8090
Listed by
Josh Watson · License #6501407816
(517) 812-6036
Added: Jan 7 Updated: Jun 17 at 5:58AM Checked: Jul 23 at 12:06AM
MLS# 26000738
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.
Investment Insights
Based on property information with market context.
This for-sale commercial property includes a 5,000-square-foot commercial building plus a 60' x 120' pole barn, providing covered space for storage, operations, or potential expansion. The site is serviced by private well and septic. The property is offered with tanning equipment included, supporting an owner-operator setup from day one. An existing medical marijuana business occupies the south side of the building under an existing lease.
Located in Stockbridge Township, the property is positioned in a high-traffic area of Stockbridge, with visibility along S M-106. The parcel totals 3 acres and offers room for parking and future development.
For a tenant, owner-operator, or buyer seeking a multi-use commercial setup, the combination of the main building and a large pole barn supports varied operational needs. The included equipment and the existing leased space on the south side can provide a practical starting point for an operator looking to run their own business while maintaining current tenant occupancy.
Located in Stockbridge Township, the property is positioned in a high-traffic area of Stockbridge, with visibility along S M-106. The parcel totals 3 acres and offers room for parking and future development.
For a tenant, owner-operator, or buyer seeking a multi-use commercial setup, the combination of the main building and a large pole barn supports varied operational needs. The included equipment and the existing leased space on the south side can provide a practical starting point for an operator looking to run their own business while maintaining current tenant occupancy.
Key Highlights
- 5,000 sq ft commercial building on 3 acres offers room for growth and development.
- Existing medical marijuana tenant provides immediate rental income.
- High‑traffic location in Stockbridge Township with excellent visibility.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $88.8k | $12.00 |
| − Vacancy | −$15.9k | −$2.15 |
| EGI | $72.9k | $9.85 |
| − OpEx | −$21.9k | −$2.96 |
| NOI | $51.0k | $6.90 |
7,400 SF · lease $12.00/SF/yr · vacancy 17.90% · expense 30.00%
Alternative Uses
Best Use
Retail
$729.0K
$637.9K – $850.6K
NOI $51,033 @ 7.0% cap · market cap 6.00%
Second Best
Warehouse
$727.0K
$636.2K – $848.2K
NOI $50,892 @ 7.0% cap · market cap 5.99%
Theoretical Best
Office A
$1.19M
$1.04M – $1.39M
NOI $83,223 @ 7.0% cap · market cap 9.79%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Commercial building with a pole barn, private well and septic, and an existing leased medical marijuana tenant on the south side.
Where is this retail space located?
The property is located at 5010 S M-106 Stockbridge, MI.
What is the asking price?
The asking price for this property is $849,900.
What are key features of this property?
This property features: 5,000 sq ft commercial building on 3 acres offers room for growth and development.; Existing medical marijuana tenant provides immediate rental income.; High‑traffic location in Stockbridge Township with excellent visibility.
