109 N State Street Gobles, MI 49055
COMMERCIAL - Gobles, MI
Property Features for 109 N State Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bathrooms
- 1
- Rooms
- Bathroom 1
- Interior features
- Broadband
- Standard status
- Active
- APN
- 80-51-624-014-00
- Size
- 1,104 SF
- Lot size
- 0.45 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- Partial- Com 14 R N of SE Cor Section 24 W 18R, N 4R, E 18 R, S4 R ex. State St ROW
- Tax Annual Amount
- 3872
Utilities
- Utilities
- Cable Available
- Sewer type
- Septic Tank
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1994
- Number of units
- 1
Listing agent Dan Leonard License #6501267074 (269) 377-2710
Listing office Kalvan Realty PO Box 416, Bangor, MI (269) 628-2151
Listing date Sep 3, 2025
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.
Investment Insights
Based on property information with market context.
The property sits on the M40 state highway, providing visibility for passing traffic. A paved lot supports on-site parking for customers or employees.
Owners have disclosed motivation to sell and may entertain a land contract if the down payment and terms are acceptable. Interested parties should confirm suitability for specific uses based on applicable zoning and approvals.
Key Highlights
- Commercially zoned property with versatile building suitable for various commercial uses
- Large, recently paved parking lot
- Located on M40 state highway
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 | $17.1k | $15.48 |
| − Vacancy | −$718 | −$0.65 |
| EGI | $16.4k | $14.83 |
| − OpEx | −$4.9k | −$4.45 |
| NOI | $11.5k | $10.38 |
