Commercial Land with Two
650 S State Street Stanton, MI 48888
650 S State Street, Stanton, MI, 48888
$899,900
For Sale
$899,900
COMMERCIAL - Stanton, MI
Property Size7,724 SF
Lot Size35.83 Acres
Price / SF$116.51
Days on Market140
Property Features for 650 S State Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Retail
- Parking features
- Parking Lot
- Exterior features
- Vinyl, Stone, Steel
- Standard status
- Active
- Size
- 7,724 SF
- Lot size
- 35.83 Acres
Taxes and HOA fees
- Tax Description
- 685-311 S 1/2 OF N 1/2 OF NE 1/4 OF SF. 1/4 LYINGE OF PM RR R/W SEC 1 TION R7W
- Tax Annual Amount
- 5120
Utilities
- Water source
- Private
Building Details
- Building materials
- Frame
- Roof type
- Asphalt
Listing agency
FIVE STAR REAL ESTATE - MT. PLEASANT
(616) 791-1500
Listed by
Lisa Reidt
(989) 763-4465
Added: Mar 4 Updated: Jul 14 at 5:15AM Checked: Jul 22 at 1:06PM
MLS# 1942707
Copyright © 2026 Northern Great Lakes Realtors MLS. 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 commercially zoned property in Stanton, MI includes approximately 35.83 acres of land and multiple buildings totaling approximately 10,124 square feet. The main building is approximately 7,724 square feet and has served as a sporting goods shop for nearly 30 years. Additional improvements include a 40x60 pole outbuilding with 5-inch concrete floors, 14' sidewalls, 3-phase power, and radiant heat installed in the floor that needs to be connected.
The property has frontage directly on the M-66 corridor and also includes two scenic, stocked ponds, with both ponds described as approximately 18 feet deep.
The listing includes multiple purchase options (pending split approval), including the entire property with the buildings and ponds, or combinations that split off the main building with approximately 3 acres and the remaining acreage with the pole building and ponds. The seller will consider custom splits with acceptable terms.
The property has frontage directly on the M-66 corridor and also includes two scenic, stocked ponds, with both ponds described as approximately 18 feet deep.
The listing includes multiple purchase options (pending split approval), including the entire property with the buildings and ponds, or combinations that split off the main building with approximately 3 acres and the remaining acreage with the pole building and ponds. The seller will consider custom splits with acceptable terms.
Key Highlights
- Commercially zoned 35.83‑acre property on high‑traffic M‑66 corridor with multiple buildings
- Approximately 10,124 SF of buildings, including a 7,724 SF main building
- Includes a 1.5‑acre pond and a 0.5‑acre pond (both approx. 18 ft in depth)
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 | $119.6k | $15.48 |
| − Vacancy | −$5.0k | −$0.65 |
| EGI | $114.5k | $14.83 |
| − OpEx | −$34.4k | −$4.45 |
| NOI | $80.2k | $10.38 |
7,724 SF · lease $15.48/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Warehouse
$2.04M
$1.79M – $2.38M
NOI $143,023 @ 7.0% cap · market cap 15.89%
Second Best
Retail
$1.15M
$1.00M – $1.34M
NOI $80,182 @ 7.0% cap · market cap 8.91%
Theoretical Best
Self Storage
$106.90M
$93.53M – $124.71M
NOI $7,482,696 @ 7.0% cap · market cap 831.50%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Commercial land
Similar For Sale Nearby
FAQs
What type of property is this?
Commercial land - Commercially zoned acreage with approximately 10,124 square feet of buildings, including a main building and a 40x60 pole outbuilding.
Where is this commercial land located?
The property is located at 650 S State Street Stanton, MI.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: Commercially zoned 35.83‑acre property on high‑traffic M‑66 corridor with multiple buildings; Approximately 10,124 SF of buildings, including a 7,724 SF main building; Includes a 1.5‑acre pond and a 0.5‑acre pond (both approx. 18 ft in depth)
