Gas Station with Four Fuel
New
For Sale
$374,900
107 E Delaware Street, Decatur, MI 49045
Commercial Sale, Decatur, MI
Property Size1,260 SF
Lot Size0.35 Acres
Price / SF$297.54
Days on Market2
Property Features for 107 E Delaware Street
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Elementary school district
Decatur
Middle school district
Decatur
High school district
Decatur
Standard status
Active
APN
80-43-040-258-00
Size
1,260 SF
Lot size
0.35 Acres
Additional Details
Automotive Uses
fuel station
Taxes and HOA fees
Tax Year
2025
Tax Description
per title
Tax Annual Amount
3494
Legal Description
per title
Utilities
Utilities
Natural Gas Available
Heating system
Forced Air
Building Details
Year built
1992
Number of units
1
Listing Agency:
The Shore Real Estate Group
(269) 921-7261
Listed By:
Alicia Woods
(269) 340-4355
Added: Nov 4
Changed: Nov 5
Last Checked: Nov 5 at 9:06PM
MLS# 26058529
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.
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Investment Insights
Based on property information with market context.
This gas station includes four fuel pumps and a 1,260-square-foot building with a bathroom. Built in 1992, the property has forced-air heating, and natural gas is available.
The site occupies 0.35 acres at 107 E Delaware Street in Decatur, Michigan.
The site occupies 0.35 acres at 107 E Delaware Street in Decatur, Michigan.
Key Highlights
- Four fuel pumps
- 1,260‑square‑foot building with a bathroom
- 0.35‑acre parcel
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,574
Cap Rate
3.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$291,480
$291.5K
Cap Rate 7%
$208,200
$208.2K
Cap Rate 9%
$161,933
$161.9K
Market Conditions
NOI Build-Up for 1,260 SF
Gross rent
$21.2K $16.80/SF
− Vacancy
−$1.7K −$1.38/SF
EGI
$19.4K $15.42/SF
− OpEx
−$4.9K −$3.86/SF
NOI
$14.6K $11.57/SF
Area
Van Buren County, MI
Vacancy
8.20%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$291,480
Cap Rate 7%
$208,200
Cap Rate 9%
$161,933
Alternative Uses
Best Use
Specialty Retail
$208.2K
$182.2K – $242.9K
NOI $14,574 @ 7.0% cap · market cap 3.89%
Second Best
Retail
$186.9K
$163.5K – $218.0K
NOI $13,080 @ 7.0% cap · market cap 3.49%
Theoretical Best
Multifamily LT 5
$15.58M
$13.63M – $18.18M
NOI $1,090,578 @ 7.0% cap · market cap 290.90%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
191
Businesses Nearby
12k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 75%
Home Improvements & Furnishings 16%
Dining 9%
Dollar General
Shops & Services
5,315 visits/mo
0.2 miles
Family Dollar
Shops & Services
3,807 visits/mo
0.1 miles
Decatur Ace Hardware
Home Improvements & Furnishings
1,758 visits/mo
0.1 miles
SUBWAY
Dining
1,055 visits/mo
0.2 miles
Decatur lumber co,Truevalue,STIHL
Home Improvements & Furnishings
208 visits/mo
0.3 miles
Demographics for 49045, MI
5,256
Population
2,855
Households
1.8
Avg Household Size
44
Median Age
14%
College-Educated
87%
High-School Grad
86.4 sq mi
ZIP Area
61
Density / Sq Mi
$58,328
Median Household Income
$38,182
Median Earnings
$824
Median Rent
$170,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Gas station - The 1,260-square-foot building sits on a 0.35-acre parcel and includes a bathroom.
Where is this gas station located?
The property is located at 107 E Delaware Street Decatur, MI.
What is the asking price?
The asking price for this property is $374,900.
What are key features of this property?
This property features: Four fuel pumps; 1,260‑square‑foot building with a bathroom; 0.35‑acre parcel
