Established Auto Shop
For Sale
$549,000
106 S State St, Stanton, MI 48888
Operating enterprise includes glass, shower enclosure, window installation, and siding service lines.
Property Size3,750 SF
Lot Size1.00 Acre
Price / SF$146.40
Days on Market30
Property Features for 106 S State St
General Information
Standard status
Active
Size
3,750 SF
Lot size
1.00 Acre
Additional Details
Business Included
Yes
Service Bays
1
Amenities
service pit
Building Details
Year Built
2000
Listing Agency:
Five Star Real Estate (Stanton)
(989) 287-0962
Listed By:
Scott Giddings · License #6501396414
Source:
Katie-k
Added: Aug 2
Changed: Aug 30
Last Checked: Aug 30 at 3:21PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Five Star Real Estate (Stanton)
Investment Insights
Based on property information with market context.
This offering combines an operating automotive and building-services business with the underlying real estate. The company provides auto glass replacement, custom glass shower enclosures, residential window installation, and siding work. The sale includes equipment, inventory, customer lists, brand goodwill, intellectual property, and the real estate. The 3,750-square-foot facility was constructed in 2000 and includes a built-in service pit configured for oil changes, along with a used-oil holding tank.
The property consists of two parcels totaling 1 acre at 106 S State St in Stanton, Michigan. Its operating history exceeds 13 years, providing an established platform across automotive, residential glass, and exterior improvement services. The facility can also support vehicle maintenance for an in-house fleet or future public-facing automotive service operations.
The property consists of two parcels totaling 1 acre at 106 S State St in Stanton, Michigan. Its operating history exceeds 13 years, providing an established platform across automotive, residential glass, and exterior improvement services. The facility can also support vehicle maintenance for an in-house fleet or future public-facing automotive service operations.
Key Highlights
- Auto glass, shower enclosure, residential window, and siding service lines
- Sale includes equipment, inventory, customer lists, goodwill, intellectual property, and real estate
- 3,750‑square‑foot facility constructed in 2000
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$38,928
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.09%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$778,560
$778.6K
Cap Rate 7%
$556,114
$556.1K
Cap Rate 9%
$432,533
$432.5K
Market Conditions
NOI Build-Up for 3,750 SF
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.
Gross rent
$58.1K $15.48/SF
− Vacancy
−$2.4K −$0.65/SF
EGI
$55.6K $14.83/SF
− OpEx
−$16.7K −$4.45/SF
NOI
$38.9K $10.38/SF
Area
Montcalm County, MI
Vacancy
4.20%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$778,560
Cap Rate 7%
$556,114
Cap Rate 9%
$432,533
Alternative Uses
Best Use
Industrial
$816.9K
$714.8K – $953.1K
NOI $57,184 @ 7.0% cap · market cap 10.42%
Second Best
Retail
$556.1K
$486.6K – $648.8K
NOI $38,928 @ 7.0% cap · market cap 7.09%
Theoretical Best
Self Storage
$51.90M
$45.41M – $60.55M
NOI $3,632,847 @ 7.0% cap · market cap 661.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Service bays
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
253
Businesses Nearby
25k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 64%
Shops & Services 36%
McDonald's
Dining
15,731 visits/mo
0.2 miles
Dollar Tree
Shops & Services
6,242 visits/mo
0.1 miles
Marathon
Shops & Services
2,714 visits/mo
0.4 miles
Demographics for 48888, MI
6,258
Population
2,928
Households
2.1
Avg Household Size
45
Median Age
13%
College-Educated
89%
High-School Grad
85.2 sq mi
ZIP Area
73
Density / Sq Mi
$55,954
Median Household Income
$36,164
Median Earnings
$899
Median Rent
$147,300
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Bookwalter Towing & Recovery — 335 s state st, stanton, mi 48888
- Bookwalter Collision Center — 335 s sheridan rd, stanton, mi 48888
- Bookwalter Chevrolet — 335 S Sheridan Rd Building C, Stanton, MI 48888
- Bookwalter Chevrolet Buick Service & Body Shop — 335 s sheridan rd, stanton, mi 48888
- C C Auto Repair — 321 E Walnut St, Stanton, MI 48888
Frequently Asked Questions
What type of property is this?
Auto shop - Operating enterprise includes glass, shower enclosure, window installation, and siding service lines.
Where is this auto shop located?
The property is located at 106 S State St Stanton, MI.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: Auto glass, shower enclosure, residential window, and siding service lines; Sale includes equipment, inventory, customer lists, goodwill, intellectual property, and real estate; 3,750‑square‑foot facility constructed in 2000
