Commercial Kitchen with Event
For Sale
$501,000
5556 M-21, Saint Johns, MI 48879
Commercial, St Johns, MI
Property Size4,250 SF
Lot Size20.00 Acres
Price / SF$117.88
Days on Market195
Property Features for 5556 M-21
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Parking features
Parking Lot
Exterior features
Aluminum, Block, Steel
Lot features
Freestanding
Directions
W on M-21 from US-127.
Subdivision
Clinton
Standard status
Active
Size
4,250 SF
Lot size
20.00 Acres
Taxes and HOA fees
Tax Description
THE E 25 ACRES OF N 1/2 OF W 1/2 OF NE 1/4 OF SEC 17 T7N R1W, EXC THE E 5 ACRES THEREOF. PER DOCUMENT #5047360, NO DIVISION RIGHTS GRANTED.
Legal Description
THE E 25 ACRES OF N 1/2 OF W 1/2 OF NE 1/4 OF SEC 17 T7N R1W, EXC THE E 5 ACRES THEREOF. PER DOCUMENT #5047360, NO DIVISION RIGHTS GRANTED.
Utilities
Water source
Private
Amenities
commercial kitchen
bar
dining area
pole barn
Building Details
Building materials
Frame
Roof type
Metal, Membrane
Listing Agency:
CENTURY 21 LEE-MAC REALTY
(989) 463-6085
Listed By:
Bob Fall · License #6501436188
(989) 737-3927
Added: Mar 25
Changed: Sep 13
Last Checked: Oct 5 at 10:06PM
MLS# 1943211
Copyright © 2026 Northern Great Lakes Realtors MLS. 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 4,250-square-foot commercial kitchen facility is currently used for catering and includes a commercial kitchen, bar, dining area, and two bathrooms. The property also has a parking lot, private water, aluminum, block, and steel exterior elements, plus frame construction. A 40-by-60-foot pole barn provides additional enclosed space for storage or operations.
The facility occupies 20 acres at 5556 M-21 in St Johns, Michigan. Approximately 15 acres are tillable, while 10 wooded acres are also included. Recent property updates include a membrane and metal roof installed in 2023, rooftop HVAC units added in 2023, and a new drain field dated 2026. The M-21 frontage provides direct access and traffic exposure for continued catering, food service, or event-related use.
The facility occupies 20 acres at 5556 M-21 in St Johns, Michigan. Approximately 15 acres are tillable, while 10 wooded acres are also included. Recent property updates include a membrane and metal roof installed in 2023, rooftop HVAC units added in 2023, and a new drain field dated 2026. The M-21 frontage provides direct access and traffic exposure for continued catering, food service, or event-related use.
Key Highlights
- 4,250‑square‑foot commercial kitchen facility
- Commercial kitchen, bar, dining area, and two bathrooms
- 40‑by‑60‑foot pole barn for additional storage or operations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,562
Cap Rate
4.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$471,240
$471.2K
Cap Rate 7%
$336,600
$336.6K
Cap Rate 9%
$261,800
$261.8K
Market Conditions
NOI Build-Up for 4,250 SF
Gross rent
$38.3K $9.00/SF
− Vacancy
−$4.6K −$1.08/SF
EGI
$33.7K $7.92/SF
− OpEx
−$10.1K −$2.38/SF
NOI
$23.6K $5.54/SF
Area
Clinton County, MI
Vacancy
12.00%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$471,240
Cap Rate 7%
$336,600
Cap Rate 9%
$261,800
Alternative Uses
Best Use
Specialty Retail
$668.4K
$584.9K – $779.9K
NOI $46,791 @ 7.0% cap · market cap 9.34%
Second Best
Industrial
$336.6K
$294.5K – $392.7K
NOI $23,562 @ 7.0% cap · market cap 4.70%
Theoretical Best
Office A
$865.1K
$756.9K – $1.01M
NOI $60,554 @ 7.0% cap · market cap 12.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
4
Businesses Nearby
Explore this area
Business Placement
Demographics for 48879, MI
17,980
Population
7,521
Households
2.4
Avg Household Size
42
Median Age
23%
College-Educated
95%
High-School Grad
191.3 sq mi
ZIP Area
94
Density / Sq Mi
$78,845
Median Household Income
$46,934
Median Earnings
$884
Median Rent
$215,100
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial kitchen - Operating catering facility with bar, dining area, parking lot, and direct exposure along M-21.
Where is this commercial kitchen located?
The property is located at 5556 M-21 Saint Johns, MI.
What is the asking price?
The asking price for this property is $501,000.
What are key features of this property?
This property features: 4,250‑square‑foot commercial kitchen facility; Commercial kitchen, bar, dining area, and two bathrooms; 40‑by‑60‑foot pole barn for additional storage or operations
