Storefront Property With Pole
For Sale
$849,900
5010 S M-106, Stockbridge, MI 49285
COMMERCIAL - Stockbridge, MI
Property Size7,400 SF
Lot Size3.00 Acres
Price / SF$114.85
Days on Market210
Property Features for 5010 S M-106
General Information
Property type
Commercial Sale
Property subtype
Retail
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Elementary school district
Stockbridge
Middle school district
Stockbridge
High school district
Stockbridge
Directions
At the intersection of M106 and M52
Subdivision
Ingham County - 20
Standard status
Active
APN
33-16-16-34-200-012
Size
7,400 SF
Lot size
3.00 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
S 34-1-6-1 COM AT THE NE COR SEC 34 -S ALNG E SEC LN 180 FT TO POB -S 150 FT -W 592 FT -N 330 FT TO N SEC LN -E 232 FT
Tax Annual Amount
7172
Legal Description
S 34-1-6-1 COM AT THE NE COR SEC 34 -S ALNG E SEC LN 180 FT TO POB -S 150 FT -W 592 FT -N 330 FT TO N SEC LN -E 232 FT
Utilities
Sewer type
Septic Tank
Heating system
Forced Air
Water source
Well
Amenities
pole barn
Building Details
Year built
1972
Floors in Building
1
Number of units
1
Building materials
Aluminum Siding
Listing Agency:
Home 1st Real Estate
(517) 780-8090
Listed By:
Josh Watson · License #6501407816
(517) 812-6036
Added: Jan 7
Changed: Aug 4
Last Checked: Aug 5 at 11:06PM
MLS# 26000738
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 storefront property at 5010 S M-106 in Stockbridge, Michigan, occupies 3 acres and includes a commercial building constructed in 1972. The improvements feature aluminum siding, forced-air heating, and a 60-foot by 120-foot pole barn that adds substantial storage or operational space. Tanning equipment is included with the sale.
A medical marijuana business leases the south side of the building, creating an existing income component within the property. The site is served by a private well and septic tank. The combination of storefront space, auxiliary outbuilding, and established commercial occupancy provides a flexible physical configuration for continued retail or related operations.
A medical marijuana business leases the south side of the building, creating an existing income component within the property. The site is served by a private well and septic tank. The combination of storefront space, auxiliary outbuilding, and established commercial occupancy provides a flexible physical configuration for continued retail or related operations.
Key Highlights
- 3‑acre commercial property at 5010 S M‑106, Stockbridge, MI 49285
- 5,000 sq ft commercial building with 60' x 120' pole barn
- Medical marijuana business leases the south side of the building
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 | $88.8k | $12.00 |
| − Vacancy | −$15.9k | −$2.15 |
| EGI | $72.9k | $9.85 |
| − OpEx | −$21.9k | −$2.96 |
| NOI | $51.0k | $6.90 |
7,400 SF · lease $12.00/SF/yr · vacancy 17.90% · expense 30.00%
Alternative Uses
Best Use
Retail
$729.0K
$637.9K – $850.6K
NOI $51,033 @ 7.0% cap · market cap 6.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.19M
$1.04M – $1.39M
NOI $83,223 @ 7.0% cap · market cap 9.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
110
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 49285, MI
5,866
Population
2,686
Households
2.2
Avg Household Size
44
Median Age
23%
College-Educated
91%
High-School Grad
76.0 sq mi
ZIP Area
77
Density / Sq Mi
$72,578
Median Household Income
$46,530
Median Earnings
$814
Median Rent
$208,100
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Storefront property - Commercial storefront with tanning equipment, a leased medical marijuana operation, and well and septic service.
Where is this storefront property located?
The property is located at 5010 S M-106 Stockbridge, MI.
What is the asking price?
The asking price for this property is $849,900.
What are key features of this property?
This property features: 3‑acre commercial property at 5010 S M‑106, Stockbridge, MI 49285; 5,000 sq ft commercial building with 60' x 120' pole barn; Medical marijuana business leases the south side of the building
