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Downtown Retail Building with Two Tenants
For Sale
Contact for pricing
Pending

135 State Rd, Newaygo, MI 49337

Two-sided retail building with an active flower and gift shop and a long-term Edward Jones tenant, plus an included empty lot.

Property SizeContact for details
Days on Market149

Property Features for 135 State Rd

General Information

Standard status Pending
Property subtype Retail

Building Details

Tenancy Multi
Listing Agency: Lisa Jabara Newell
Listed By: Barry Kaufman · License #MI
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Sep 4 at 11:14PM

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 Lisa Jabara Newell

Investment Insights

Based on property information with market context.

This downtown retail building is configured with separate north and south sides, currently occupied by different uses. The north side operates as a flower and gift shop, while the south side is utilized by Edward Jones, which has been a stable, long-term tenant for 15+ years.

The offering includes two parcels: one parcel with the building and a second, empty lot to the south.

The property is presented as an investment opportunity in historic downtown Newaygo and is offered for sale.

Key Highlights

  • Two‑sided retail building in historic downtown Newaygo
  • North side operated as a flower & gift shop
  • South side leased to Edward Jones with a 15+ year long‑term tenant

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Big Box & Wholesale Store Building Supply Electrical Service HVAC Service Bakery Gym & Fitness Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

212
Businesses Nearby
4k
Monthly Visits Nearby
Balanced
Demand for This Use

Foot Traffic Nearby

Shops & Services 100%
Independent Bank Shops & Services
4,323 visits/mo 0.2 miles

Demographics for 49337, MI

12,854
Population
6,688
Households
1.9
Avg Household Size
44
Median Age
18%
College-Educated
90%
High-School Grad
110.3 sq mi
ZIP Area
117
Density / Sq Mi
$64,442
Median Household Income
$38,034
Median Earnings
$1,021
Median Rent
$191,000
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Storefront property - Two-sided retail building with an active flower and gift shop and a long-term Edward Jones tenant, plus an included empty lot.
Where is this storefront property located?
The property is located at 135 State Rd Newaygo, MI.
What are key features of this property?
This property features: Two‑sided retail building in historic downtown Newaygo; North side operated as a flower & gift shop; South side leased to Edward Jones with a 15+ year long‑term tenant
More about this property
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