Storefront Building with Extensive
For Sale
$299,900
236 State Street, Mason, MI 48854
Commercial Sale, Mason, MI
Property Size1,624 SF
Lot Size0.28 Acres
Price / SF$184.67
Days on Market47
Property Features for 236 State Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Zoning
Exterior features
Lighting
Lot features
City Lot
Elementary school district
Mason
Middle school district
Mason
High school district
Mason
Directions
South on Okemos Rd, Right on Maple, Property is on corner of Maple and State.
Standard status
Active
APN
33-19-10-08-231-007
Size
1,624 SF
Lot size
0.28 Acres
Additional Details
Corner Location
Yes
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 8 EXC W 1 RD AND THAT PRT OF LOTS 9, 10 & 11 S & W OF STATE ST, BLOCK 6, SEC 8 T2N R1W CITY OF MASON, INGHAM CO
Tax Annual Amount
4806
Legal Description
LOT 8 EXC W 1 RD AND THAT PRT OF LOTS 9, 10 & 11 S & W OF STATE ST, BLOCK 6, SEC 8 T2N R1W CITY OF MASON, INGHAM CO
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
1963
Floors in Building
1
Flooring type
Tile, Vinyl
Building materials
Vinyl Siding
Buildings
1
Listing Agency:
Keller Williams Realty Lansing
(517) 853-1200
Listed By:
Max A Billinghurst · License #6501416838
(269) 339-1431
Added: Sep 9
Changed: Oct 24
Last Checked: Oct 25 at 5:06PM
MLS# 299088
Copyright © 2026 Greater Lansing Association of Realtors. 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 1,624-square-foot storefront property at 236 State Street includes an open interior arrangement, extensive plumbing infrastructure, vinyl and tile flooring, central air, and forced-air natural gas heat. The building was constructed in 1963 and has vinyl siding, lighting, public water, and public sewer service.
The 0.28-acre parcel occupies a corner location in Mason and provides private parking for 15+ vehicles. Its existing plumbing and adaptable interior support continued consideration for retail, salon, spa, office, or other professional service uses, subject to applicable requirements.
The 0.28-acre parcel occupies a corner location in Mason and provides private parking for 15+ vehicles. Its existing plumbing and adaptable interior support continued consideration for retail, salon, spa, office, or other professional service uses, subject to applicable requirements.
Key Highlights
- 1,624‑square‑foot storefront building on a 0.28‑acre parcel
- Extensive plumbing infrastructure supports service‑oriented commercial uses
- Private parking for 15+ vehicles
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,200
Cap Rate
3.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$224,000
$224.0K
Cap Rate 7%
$160,000
$160.0K
Cap Rate 9%
$124,444
$124.4K
Market Conditions
NOI Build-Up for 1,624 SF
Gross rent
$19.5K $12.00/SF
− Vacancy
−$3.5K −$2.15/SF
EGI
$16.0K $9.85/SF
− OpEx
−$4.8K −$2.96/SF
NOI
$11.2K $6.90/SF
Area
Ingham County, MI
Vacancy
17.90%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$224,000
Cap Rate 7%
$160,000
Cap Rate 9%
$124,444
Alternative Uses
Best Use
Retail
$160.0K
$140.0K – $186.7K
NOI $11,200 @ 7.0% cap · market cap 3.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$260.9K
$228.3K – $304.4K
NOI $18,264 @ 7.0% cap · market cap 6.09%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
492
Businesses Nearby
72k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 80%
Dining 11%
Home Improvements & Furnishings 7%
Electronics 2%
Speedway
Shops & Services
20,362 visits/mo
0.4 miles
Hallmark
Shops & Services
8,638 visits/mo
0.1 miles
Dollar General
Shops & Services
8,602 visits/mo
0.5 miles
Quality Dairy
Shops & Services
7,940 visits/mo
0.0 miles
BP
Shops & Services
5,452 visits/mo
0.4 miles
Demographics for 48854, MI
19,804
Population
7,853
Households
2.5
Avg Household Size
41
Median Age
39%
College-Educated
95%
High-School Grad
113.3 sq mi
ZIP Area
175
Density / Sq Mi
$91,956
Median Household Income
$46,992
Median Earnings
$1,136
Median Rent
$240,600
Median Home Value
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Storefront property - Open-plan commercial space with private parking and infrastructure suited to service-oriented retail use.
Where is this storefront property located?
The property is located at 236 State Street Mason, MI.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: 1,624‑square‑foot storefront building on a 0.28‑acre parcel; Extensive plumbing infrastructure supports service‑oriented commercial uses; Private parking for 15+ vehicles
