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Mixed-Use Property with Storefront
For Sale
$240,000

201 State Street, Luther, MI 49656

Commercial Sale, Luther, MI

Property Size3,670 SF
Lot Size0.10 Acres
Price / SF$65.40
Days on Market138

Property Features for 201 State Street

General Information

Property type Commercial Sale
Property subtype Retail
Bathrooms 1
Full bathrooms 1
Rooms Bathroom 1
Elementary school district Pine River
Middle school district Pine River
High school district Pine River
Directions From US-131, take Exit 162 for Luther / Le Roy (14 Mile Road). Turn west onto 14 Mile Rd / Luther Rd to Luther. Stay on this road for approximately 12 mins / 10 miles. As you come into town home / business is on the left. GPS - Rustic Lilly, Luther
Standard status Active
APN 43-113-008-00
Size 3,670 SF
Lot size 0.10 Acres

Taxes and HOA fees

Tax Year 2024
Tax Description LOT 8, EXP THE N 39FT THEROF; AND PART OF LOT 7 DES AS BEG AT SE COR THEREOF; W 25FT, N 30FT, E 25FT, S 30FT TO POB BLK
Tax Annual Amount 1029
Legal Description LOT 8, EXP THE N 39FT THEROF; AND PART OF LOT 7 DES AS BEG AT SE COR THEREOF; W 25FT, N 30FT, E 25FT, S 30FT TO POB BLK

Utilities

Utilities Propane
Sewer type Septic Tank
Heating system Forced Air
Cooling system Central Air
Water source Well

Building Details

Year built 1900
Number of units 2
Building materials Vinyl Siding, Brick
Roof type Rubber
Listing Agency: ERA Greater North Properties
Listed By: Charles Hughes · License #6501434340
Added: May 22 Changed: Sep 7 Last Checked: Oct 6 at 2:06AM
MLS# 26024451

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.

This 3,670-square-foot mixed-use property combines a storefront with attached residential quarters at 201 State Street in Luther. The interior includes soaring ceilings, custom finishes, central air, two loft-style bedrooms, and one bathroom. A 6+ car garage adds substantial room for vehicles, workshop activities, storage, or recreational equipment. The property was built in 1900 and features vinyl siding, forced-air heat, a rubber roof, propane utilities, a well, and a septic tank.

The layout supports a storefront, office or studio setting, or a live-work arrangement with living space on site. Restaurants are within walking distance, while nearby ATV, SxS, and trail systems provide access to year-round outdoor recreation. Hunting, fishing, and hiking opportunities are also identified in the surrounding area.

Key Highlights

  • 3,670‑square‑foot mixed‑use property with storefront and attached residential quarters
  • 2 loft‑style bedrooms and 1 bathroom
  • 6+ car garage for vehicles, workshop use, storage, or recreational equipment

Property Analytics

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Current Use

Live-work space

Suggested Use

Top Pick Auto Repair Shop Storage Facility Grocery & Convenience Store Computer & Electronic Repair Gym & Fitness Center Travel Agency

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

Location Intelligence

Trade Area within ½ mile

39
Businesses Nearby

Demographics for 49656, MI

1,535
Population
1,612
Households
1
Avg Household Size
52
Median Age
11%
College-Educated
87%
High-School Grad
117.3 sq mi
ZIP Area
13
Density / Sq Mi
$55,781
Median Household Income
$31,515
Median Earnings
$922
Median Rent
$120,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Storefront space is paired with residential quarters, central air, loft-style bedrooms, and a large garage suited to business or personal use.
Where is this mixed-use property located?
The property is located at 201 State Street Luther, MI.
What is the asking price?
The asking price for this property is $240,000.
What are key features of this property?
This property features: 3,670‑square‑foot mixed‑use property with storefront and attached residential quarters; 2 loft‑style bedrooms and 1 bathroom; 6+ car garage for vehicles, workshop use, storage, or recreational equipment
More about this property
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