Warehouse with Pole
For Sale
$849,900
5010 S M 106, Stockbridge, MI 49285
Commercial warehouse on 3 acres with private well and septic, plus a 60 by 120 pole barn.
Property Size5,000 SF
Lot Size3.00 Acres
Price / SF$169.98
Days on Market287
Property Features for 5010 S M 106
General Information
Standard status
Active
Size
5,000 SF
Lot size
3.00 Acres
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$7,172
Listing Agency:
Home 1st Real Estate
(517) 780-8090
Listed By:
Josh Watson · License #6501407816
(517) 812-6036
Source:
Exprealty
Added: Jan 7
Changed: Oct 14
Last Checked: Oct 21 at 12:29AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Home 1st Real Estate
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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 property includes a commercial warehouse building and a large pole barn on 3 acres, serviced by private well and septic. The site also features a 60' x 120' pole barn suited for storage, operations, or future build-out. The warehouse is offered with tanning equipment that stays with the property.
According to the seller, the property is located in a high-traffic area of Stockbridge Township with strong visibility.
The south side of the building is occupied by a medical marijuana business with an existing lease in place, providing immediate rental income alongside the remaining building area.
According to the seller, the property is located in a high-traffic area of Stockbridge Township with strong visibility.
The south side of the building is occupied by a medical marijuana business with an existing lease in place, providing immediate rental income alongside the remaining building area.
Key Highlights
- 5,000 sq ft commercial building on 3 acres in a high‑traffic area of Stockbridge Township
- Private well and septic service the property
- Includes a 60' x 120' pole barn for storage, operations, or expansion
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,387
Cap Rate
4.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$687,740
$687.7K
Cap Rate 7%
$491,243
$491.2K
Cap Rate 9%
$382,078
$382.1K
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$45.0K $9.00/SF
− Vacancy
−$4.5K −$0.91/SF
EGI
$40.5K $8.09/SF
− OpEx
−$6.1K −$1.21/SF
NOI
$34.4K $6.88/SF
Area
Ingham County, MI
Vacancy
10.10%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$687,740
Cap Rate 7%
$491,243
Cap Rate 9%
$382,078
Alternative Uses
Best Use
Warehouse
$491.2K
$429.8K – $573.1K
NOI $34,387 @ 7.0% cap · market cap 4.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$803.3K
$702.9K – $937.2K
NOI $56,232 @ 7.0% cap · market cap 6.62%
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
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
2
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
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Warehouse - Commercial warehouse on 3 acres with private well and septic, plus a 60 by 120 pole barn.
Where is this warehouse 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: 5,000 sq ft commercial building on 3 acres in a high‑traffic area of Stockbridge Township; Private well and septic service the property; Includes a 60' x 120' pole barn for storage, operations, or expansion
