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    Retail Storefront Property Title is generated by Realmo AI

    5010 S M-106, Stockbridge, MI 49285

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    For Sale
    $849,900

    Retail - Stockbridge, MI

    Type:Retail
    Property size:
    7,400 SF
    Lot size:
    3.00 Acres
    Price / SF:
    $114/SF
    Added:
    Jun 16, 2026
    Days on Market:
    5
    Last Refresh:
    Jun 20 at 6:06 pm

    Property Features for 5010 S M-106

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    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 Annual Amount
    7172.19

    Utilities

    Heating system
    Forced Air, Natural Gas

    Building Details

    Year built
    1972
    Building materials
    Aluminum Siding
    Architectural style
    Other

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    Listing Contact
    Josh Watson

    Listing agent Josh Watson License #6501407816

    Listing office Home 1st Real Estate 2600 Airport Rd, Jackson, MI

    Listing date Jun 16, 2026

    MLS# 26000738 Listing URL

    Copyright © 2026 Jackson Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Year built: 1972
    • Heating: forced air, natural gas
    • Exterior: aluminum siding

    Overview

    This for-sale retail storefront property is identified as a retail/drug-store type asset and includes a 7,400-square-foot building on a 3-acre lot. The listing provides the overall site and building size, supporting straightforward planning for a retail tenant that needs a dedicated storefront location.

    The property is located at 5010 S M-106 in Stockbridge, Michigan (49285). With frontage on a state highway corridor, the site is positioned for retail visibility from passing traffic, which can be helpful for day-to-day customer access.

    The available configuration, by virtue of being marketed as a storefront retail/drug-store property, may suit tenants looking for a stand-alone retail presence where customers typically access a street-facing entrance. Prospective buyers or operators can use the stated building and lot dimensions to evaluate layout needs, parking and site planning, and ongoing occupancy requirements for a retail business at this address.

    Local Financial Insights For Specialty 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 $106.6k $14.40
    − Vacancy −$19.1k −$2.58
    EGI $87.5k $11.82
    − OpEx −$21.9k −$2.96
    NOI $65.6k $8.87
    7,400 SF · lease $14.40/SF/yr · vacancy 17.90% · expense 25.00%

    Alternative Uses

    Best Use
    Specialty Retail
    $937.3K
    $820.2K – $1.09M (±1% cap)
    NOI $65,614 @ 7.0% cap · market cap 7.72%
    Second Best
    Retail
    $729.0K
    $637.9K – $850.6K (±1% cap)
    NOI $51,033 @ 7.0% cap · market cap 6.00%
    Theoretical Best
    Office A
    $1.19M
    $1.04M – $1.39M (±1% cap)
    NOI $83,223 @ 7.0% cap · market cap 9.79%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Drug stores

    Similar Places Nearby

    • HomeTown Pharmacy - Stockbridge — 110 S Clinton St, Stockbridge, MI 49285
    • Paul D. Smith, RPh — 110 S Clinton St, Stockbridge, MI 49285
    • David Bust — 110 S Clinton St, Stockbridge, MI 492859148
    • Aaron Burke — 110 S Clinton St, Stockbridge, MI 492859148

    Map

    City
    Stockbridge
    County
    Ingham
    State
    Michigan
    Longitude
    -84.18126
    Latitude
    42.438803

    FAQs

    What type of property is this?
    Drug store - For-sale retail storefront on a 3-acre site, offering a dedicated building footprint for retail or drug-related uses.
    Where is this drug store 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: Year built: 1972; Heating: forced air, natural gas; Exterior: aluminum siding
    More about this property
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