Retail Building with Paved
109 N State Street Gobles, MI 49055
109 N State Street, Gobles, MI, 49055
$145,000
For Sale
$145,000
COMMERCIAL - Gobles, MI
Property Size1,104 SF
Lot Size0.45 Acres
Price / SF$131.34
Days on Market318
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 Agency
Kalvan Realty
(269) 628-2151
PO Box 416, Bangor, MI
Listed by
Dan Leonard · License #6501267074
(269) 377-2710
Added: Sep 3, 2025 Checked: Jul 17 at 10:06 am
MLS# 25044869
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.
Located at 109 N State Street in Gobles, Michigan, this commercial-zoned property includes a versatile building and a large, recently paved parking lot. The building totals 1,104 square feet and is suited for a range of commercial uses.
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.
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 |
1,104 SF · lease $15.48/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$163.7K
$143.3K – $191.0K
NOI $11,461 @ 7.0% cap · market cap 7.90%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$13.65M
$11.94M – $15.93M
NOI $955,554 @ 7.0% cap · market cap 659.00%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Gobles Veterinary Clinic
Veterinary Clinic
Dr. Marianne Leduc-Baker
Veterinary Clinic
Similar For Sale Nearby
FAQs
What type of property is this?
Storefront property - Commercial-zoned property with a recently paved parking lot and a versatile building for multiple retail uses.
Where is this storefront property located?
The property is located at 109 N State Street Gobles, MI.
What is the asking price?
The asking price for this property is $145,000.
What are key features of this property?
This property features: Commercially zoned property with versatile building suitable for various commercial uses; Large, recently paved parking lot; Located on M40 state highway
