Add Listing
    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

    993 E Lafayette St Sturgis, MI 49091

    View on Map
    Sponsored
    For Sale
    $32,000

    LAND - Sturgis, MI

    Lot size:
    1.00 Acre
    Days on Market:
    5
    Last Refresh:
    Mar 7 at 5:06 pm

    Property Features for 993 E Lafayette St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    7505280010300
    Lot size
    1.00 Acre

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    David C Clark

    Re/Max Elite Group (269) 268-4526

    Listing agent David C Clark (269) 651-2776

    Listing date Mar 3, 2026

    MLS# 26007780 Listing URL

    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

    Residential Lot in Sturgis, MI

    This is an approximately 1-acre flat lot located on Lafayette Street within the city limits of Sturgis, Michigan, offering a country-like feel. The cleared lot is suitable for building a home. It is located a short distance from the Middle School and Wall Elementary School, as well as close to schools, churches, and shopping.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Sturgis
    County
    St. Joseph
    State
    Michigan
    Longitude
    -85.407614
    Latitude
    41.810295

    Nearby Similar for Sale

    • $1,100,000
      23,910 SF

      Sturgis Commercial Building For Sale

      23,910 SF commercial building suitable for various businesses.
      1717 E Chicago Rd, Sturgis, MI 49091
      View Details
    • $280,000
      3,200 SF

      Sturgis Commercial Building For Sale

      Commercial building with expansion potential on nearly 1.5 acres.
      711 W Lafayette St, Sturgis, MI 49091
      View Details
    • $1,300,000
      5,500 SF

      Turnkey Auto Repair and Towing

      Successful auto repair and towing business with real estate for sale.
      640 Fawn River Rd, Sturgis, MI 49091
      View Details
    • $549,900
      12,632 SF

      Historic Strand Theatre in Sturgis

      Landmark entertainment venue with redevelopment potential in downtown Sturgis.
      219 W Chicago Rd, Sturgis, MI 49091
      View Details
    • $450,000
      6,830 SF

      Versatile Commercial Building on 2.6 Acres

      Well-maintained 6,800 sq ft commercial building suitable for various uses.
      1015 N Centerville St, Sturgis, MI 49091
      View Details
    • $139,900
      0.16 Acres

      Turnkey Triplex in Sturgis, MI

      Cash-flowing triplex in Sturgis, ready for its next investor.
      600 St, Sturgis, MI 49091
      View Details
    • Contact for pricing
      2,795 SF

      Sturgis, MI NNN Investment Opportunity

      NNN leased investment opportunity with attractive rental increases.
      406 S Centerville Rd, Sturgis, MI 49091
      View Details
    • Contact for pricing
      18,728 SF

      Manufacturing/Storage Buildings on Large Acreage

      18,728 SF buildings on 5.3 acres with redevelopment potential.
      1660 W Fawn River Rd, Sturgis, MI 49091
      View Details
    • $139,900

      Turnkey Triplex in Sturgis

      Cash-flowing triplex with separate utilities, ready for investment.
      600 St Joseph St, Sturgis, MI 49091
      View Details
    • $2,999,000
      77,000 SF

      Sturgis Industrial Church Facility

      Massive 77,000 SF Church, 10 Acres
      70031 Lakeview St, Sturgis, MI 49091
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - One-acre cleared lot suitable for building a dream home.
    Where is this residential land & home lot located?
    The property is located at 993 E Lafayette St Sturgis, MI.
    What is the asking price?
    The asking price for this property is $32,000.
    What are key features of this property?
    This property features: - Approximately 1 acre flat lot; - Located within City Limits; - Cleared lot ready for building
    (269) 808-0265
    Request Owner's contact information
    993 E Lafayette St Sturgis, MI 49091
    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.
    993 E Lafayette St
    Sturgis, MI 49091
    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
    993 E Lafayette St Sturgis, MI 49091
    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
    David C Clark
    Real Estate License ID: 6506043540
    (269) 808-0265 (269) 651-2776
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!