Commercial Land with
For Sale
$899,900
650 S State Street, Stanton, MI 48888
Commercially zoned land along the M-66 corridor with existing buildings, ponds, and multiple potential purchase configurations.
Property Size7,724 SF
Days on Market160
Property Features for 650 S State Street
General Information
Standard status
Active
Size
7,724 SF
Property subtype
Commercial
Zoning
Commercial
Taxes and HOA fees
Annual Taxes
$5,120
Building Details
Building Size
7,724 SF
Year Built
2000
Listing Agency:
FIVE STAR REAL ESTATE - MT. PLEASANT
(989) 763-4465
Listed By:
Lisa Reidt
(989) 763-4465
Source:
Carolbollo
Added: Mar 4
Changed: Aug 9
Last Checked: Aug 10 at 11:38AM
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 FIVE STAR REAL ESTATE - MT. PLEASANT
Investment Insights
Based on property information with market context.
This commercially zoned property at 650 S State Street includes approximately 10,124 square feet of buildings on a substantial land holding. The 7,724-square-foot main building was constructed in 2000, while a 40x60 outbuilding adds concrete-floor workspace, 14-foot sidewalls, and 3-phase power. The outbuilding also has in-floor radiant heat installed, pending connection.
Two stocked ponds are part of the property, measuring approximately 1.5 acres and 0.5 acres, with both ponds approximately 18 feet deep. The site fronts the M-66 corridor in Stanton and is located approximately 20 minutes from the expressway.
Purchase configurations may include the full property with buildings and ponds, the main building with approximately 3 acres, or the pole building with ponds and 32 acres, subject to split approval. Custom splits may also be considered under acceptable terms.
Two stocked ponds are part of the property, measuring approximately 1.5 acres and 0.5 acres, with both ponds approximately 18 feet deep. The site fronts the M-66 corridor in Stanton and is located approximately 20 minutes from the expressway.
Purchase configurations may include the full property with buildings and ponds, the main building with approximately 3 acres, or the pole building with ponds and 32 acres, subject to split approval. Custom splits may also be considered under acceptable terms.
Key Highlights
- Commercial zoning with approximately 10,124 SF of buildings
- 7,724 SF main building constructed in 2000
- 40x60 outbuilding with 5‑inch concrete floors and 14' sidewalls
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$80,182
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.91%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,603,640
$1.6M
Cap Rate 7%
$1,145,457
$1.1M
Cap Rate 9%
$890,911
$890.9K
Market Conditions
NOI Build-Up for 7,724 SF
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.
Gross rent
$119.6K $15.48/SF
− Vacancy
−$5.0K −$0.65/SF
EGI
$114.5K $14.83/SF
− OpEx
−$34.4K −$4.45/SF
NOI
$80.2K $10.38/SF
Area
Montcalm County, MI
Vacancy
4.20%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,603,640
Cap Rate 7%
$1,145,457
Cap Rate 9%
$890,911
Alternative Uses
Best Use
Warehouse
$2.04M
$1.79M – $2.38M
NOI $143,023 @ 7.0% cap · market cap 15.89%
Second Best
Retail
$1.15M
$1.00M – $1.34M
NOI $80,182 @ 7.0% cap · market cap 8.91%
Theoretical Best
Self Storage
$106.90M
$93.53M – $124.71M
NOI $7,482,696 @ 7.0% cap · market cap 831.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
130
Businesses Nearby
Explore this area
Business Placement
Demographics for 48888, MI
6,258
Population
2,928
Households
2.1
Avg Household Size
45
Median Age
13%
College-Educated
89%
High-School Grad
85.2 sq mi
ZIP Area
73
Density / Sq Mi
$55,954
Median Household Income
$36,164
Median Earnings
$899
Median Rent
$147,300
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Commercially zoned land along the M-66 corridor with existing buildings, ponds, and multiple potential purchase configurations.
Where is this commercial land located?
The property is located at 650 S State Street Stanton, MI.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: Commercial zoning with approximately 10,124 SF of buildings; 7,724 SF main building constructed in 2000; 40x60 outbuilding with 5‑inch concrete floors and 14' sidewalls
