Storefront Property with Pole
5010 S M-106, Stockbridge, MI 49285
For Sale
$849,900
Commercial Sale, Stockbridge, MI
Property Size7,400 SF
Lot Size3.00 Acres
Price / SF$114.85
Days on Market307
Property Features for 5010 S M-106
General Information
Property type
Property subtype
Bathrooms
Full bathrooms
Rooms
Elementary school district
Middle school district
High school district
Directions
Subdivision
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Water source
Amenities
pole barn
Building Details
Year built
Floors in Building
Number of units
Building materials
Listing Agency:
Home 1st Real Estate
(517) 780-8090
Listed By:
Josh Watson · License #6501407816
(517) 812-6036
Added: Jan 7
Changed: Oct 8
Last Checked: Nov 9 at 5:06AM
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.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This Stockbridge commercial property occupies 3 acres and includes a storefront building, a 60-by-120-foot pole barn, and tanning equipment that remains with the sale. The south portion of the building is occupied by a medical marijuana business under an existing lease, creating an established income component. The property was built in 1972 and features aluminum siding, forced-air heating, a private well, and septic service. Its configuration brings together customer-facing commercial space and substantial auxiliary storage in one property.
Key Highlights
- 3‑acre commercial property in Stockbridge, MI
- 60‑by‑120‑foot pole barn included
- Medical marijuana business occupies the south side under an existing lease
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,033
Cap Rate
6.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,020,660
$1.0M
Cap Rate 7%
$729,043
$729.0K
Cap Rate 9%
$567,033
$567.0K
Market Conditions
NOI Build-Up for 7,400 SF
Gross rent
$88.8K $12.00/SF
− Vacancy
−$15.9K −$2.15/SF
EGI
$72.9K $9.85/SF
− OpEx
−$21.9K −$2.96/SF
NOI
$51.0K $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%
$1,020,660
Cap Rate 7%
$729,043
Cap Rate 9%
$567,033
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
59
Businesses Nearby
Well-served
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
$208,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Storefront properties in Ingham County, MI
Properties on Market for Storefront properties in Ingham County
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Storefront property - Commercial site combines leased occupancy, accessory storage, 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 in Stockbridge, MI; 60‑by‑120‑foot pole barn included; Medical marijuana business occupies the south side under an existing lease
