5010 S M-106, Stockbridge, MI 49285
COMMERCIAL - Stockbridge, MI
- Added:
- Jan 7, 2026
- Days on Market:
- 164
- Last Refresh:
- Jun 20 at 3:06 pm
Property Features for 5010 S M-106
General Information
- Property type
- Commercial Sale
- Property subtype
- Retail
- Bathrooms
- 1
- Rooms
- Bathroom 1
- 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
Utilities
- Sewer type
- Septic Tank
- Heating system
- Forced Air
- Water source
- Well
Building Details
- Year built
- 1972
- Floors in Building
- 1
- Number of units
- 1
- Building materials
- Aluminum Siding
Listing agent Josh Watson License #6501407816 (517) 812-6036
Listing office Home 1st Real Estate 2600 Airport Rd Ste 200, Jackson, MI (517) 780-8090
Listing date Jan 7, 2026
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.
HighLights
- 5,000 sq ft commercial building on 3 acres offers room for growth and development.
- Existing medical marijuana tenant provides immediate rental income.
- High‑traffic location in Stockbridge Township with excellent visibility.
- Includes a 60' x 120' pole barn suitable for storage, operations, or expansion.
- Turnkey tanning business opportunity with all equipment included.
- Low operating costs due to private well and septic.
Overview
Located in Stockbridge Township, the property is positioned in a high-traffic area of Stockbridge, with visibility along S M-106. The parcel totals 3 acres and offers room for parking and future development.
For a tenant, owner-operator, or buyer seeking a multi-use commercial setup, the combination of the main building and a large pole barn supports varied operational needs. The included equipment and the existing leased space on the south side can provide a practical starting point for an operator looking to run their own business while maintaining current tenant occupancy.
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 | $88.8k | $12.00 |
| − Vacancy | −$15.9k | −$2.15 |
| EGI | $72.9k | $9.85 |
| − OpEx | −$21.9k | −$2.96 |
| NOI | $51.0k | $6.90 |
Alternative Uses
Current Use by Public Records
Map
- City
- Stockbridge
- County
- Ingham
- State
- Michigan
- Longitude
- -84.18126
- Latitude
- 42.438803
