Warehouse with Pole
5010 S M 106 Stockbridge, MI 49285
5010 S M 106, Stockbridge, MI, 49285
$849,900
For Sale
$849,900
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 Market196
Property Features for 5010 S M 106
General Information
- Standard status
- Active
- Size
- 5,000 SF
- Lot size
- 3.00 Acres
Listing agency
Home 1st Real Estate
(517) 812-6036
Listed by
Josh Watson · License #6501407816
(517) 812-6036
Source
Exprealty
Added: Jan 7 Updated: Jul 20 at 5:58PM Checked: Jul 21 at 11:53PM
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
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
Local Financial Insights For Warehouse
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 | $45.0k | $9.00 |
| − Vacancy | −$4.5k | −$0.91 |
| EGI | $40.5k | $8.09 |
| − OpEx | −$6.1k | −$1.21 |
| NOI | $34.4k | $6.88 |
5,000 SF · lease $9.00/SF/yr · vacancy 10.10% · expense 15.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Kitley's Custom Exhaust ...
Auto Repair Shop
Similar For Sale Nearby
FAQs
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
