Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Commercial Corner Lot For Sale Title is generated by Realmo AI

    TBD Broomfield Street, Mt Pleasant, MI 48858

    View on Map
    Claim this Listing
    For Sale
    $390,000

    Vacant Lot/Land - Mt Pleasant, MI

    Lot size:
    1.65 Acres
    Added:
    Jun 13, 2025
    Days on Market:
    334
    Last Refresh:
    May 12 at 12:06 pm

    Property Features for TBD Broomfield Street

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Commercial
    Exterior features
    None
    Standard status
    Active
    Lot size
    1.65 Acres

    Taxes and HOA fees

    Tax Annual Amount
    6273.36

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Deb Morris
    Deb Morris

    Listing agent Deb Morris

    Listing office COLDWELL BANKER MT. PLEASANT REALTY 304 E BROADWAY, MT. PLEASANT, MI

    Listing date Jun 13, 2025

    MLS# 1935185 Listing URL

    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.

    HighLights

    • Zoned B5 for commercial use, allowing for diverse business opportunities.
    • Corner lot location at the intersection of Broomfield and Collegiate Way.
    • High potential for development as a shopping center or offices.
    • Utilities available at the road: electric, cable, and water.
    • Located on a public, maintained 5‑lane blacktop road.
    • Adjacent property on Collegiate Way also listed for sale, offering expansion possibilities.

    Overview

    This commercial corner lot is zoned B5 and located at the southwest corner of the intersection of Broomfield Street and Collegiate Way. It is an investment property with potential for a shopping center or offices. Electric, cable, and water are available at the road on a public maintained blacktop road with 5 lanes. The lot size is 1.65 acres. There is also property at the south boundary of this parcel listed for sale on Collegiate Way.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Mt Pleasant
    County
    Isabella
    State
    Michigan
    Longitude
    -84.7816
    Latitude
    43.6

    Nearby Similar for Sale

    • $865,000
      13,586 SF

      Executive Office Building For Sale

      Multi-tenant executive office building with leased suites in Mt Pleasant.
      1205 S Mission Street, Mt Pleasant, MI 48858
      View Details
    • $219,000
      2,605 SF

      Downtown Mt. Pleasant Office Building

      Office building in downtown Mt. Pleasant, approximately 2,605 square feet.
      209 E Broadway Street, Mt Pleasant, MI 48858
      View Details
    • $399,000

      Vacant Lot Near City Hall

      Commercial lot zoned for mixed-use development in Mt Pleasant.
      309 W Broadway Street, Mt Pleasant, MI 48858
      View Details
    • $115,000
      4,700 SF

      Historic Downtown Retail Opportunity

      Iconic building with character-filled space in Mt. Pleasant's vibrant district.
      117 S Main, Mt Pleasant, MI 48858
      View Details
    • $550,000
      7,000 SF

      Industrial Building with Acreage

      Industrial building featuring warehouse, office space, and expansion potential.
      5776 Venture Way, Mt Pleasant, MI 48858
      View Details
    • $300,000

      Commercial Lot in High Traffic

      Vacant commercial lot in high-traffic area near CMU.
      915 E Broomfield Road, Mt Pleasant, MI 48858
      View Details
    • $299,000
      6,120 SF

      Mt Pleasant Retail Storefront Opportunity

      6,120 SF commercial building on a half-acre lot.
      1506 W High, Mt Pleasant, MI 48858
      View Details
    • $765,000
      4,150 SF

      Versatile Commercial Space, Mt. Pleasant

      4,000+ sq ft commercial space near Soaring Eagle Casino.
      5281 E Pickard Street, Mt. Pleasant, MI 48858
      View Details
    • $240,000
      2,532 SF

      Spacious Duplex Near CMU

      Licensed Mt Pleasant duplex with flexible living and income potential.
      1524 Ridge, Mt Pleasant, MI 48858
      View Details
    • $399,000

      Commercial Land on Mission

      Commercial land in premium location on Mission Street.
      300 S Mission Street, Mt Pleasant, MI 48858
      View Details
    • $165,000
      1,759 SF

      Two Residences with Rental History

      Two houses on one lot with established rental income.
      406 S Kinney, Mt Pleasant, MI 48858
      View Details
    • $1,150,000
      1,776 SF

      South Mission Street Commercial Property

      Commercial property on South Mission Street with drive-thru.
      2015 S Mission Street, Mt Pleasant, MI 48858
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial corner lot zoned B5, suitable for various business ventures.
    Where is this commercial land located?
    The property is located at TBD Broomfield Street Mt Pleasant, MI.
    What is the asking price?
    The asking price for this property is $390,000.
    What are key features of this property?
    This property features: Zoned B5 for commercial use, allowing for diverse business opportunities.; **Corner lot location** at the intersection of Broomfield and Collegiate Way.; High potential for development as a shopping center or offices.
    (989) 621-8912
    We can help!
    Listing Contact
    Deb Morris
    Deb Morris
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    TBD Broomfield Street, Mt Pleasant, MI 48858
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!