650 S State Street Stanton, MI 48888
COMMERCIAL - Stanton, MI
- Added:
- Mar 4, 2026
- Days on Market:
- 130
- Last Refresh:
- Jul 12 at 2:06 am
Property Features for 650 S State Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking features
- Parking Lot
- Exterior features
- Vinyl, Stone, Steel
- Standard status
- Active
- Size
- 7,724 SF
- Lot size
- 35.83 Acres
Taxes and HOA fees
- Tax Description
- 685-311 S 1/2 OF N 1/2 OF NE 1/4 OF SF. 1/4 LYINGE OF PM RR R/W SEC 1 TION R7W
- Tax Annual Amount
- 5120
Utilities
- Water source
- Private
Building Details
- Building materials
- Frame
- Roof type
- Asphalt
Listing agent Lisa Reidt (989) 763-4465
Listing office FIVE STAR REAL ESTATE - MT. PLEASANT 120 S Main Street, Mt. Pleasant, MI (616) 791-1500
Listing date Mar 4, 2026
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.
The property is located directly on the high-traffic M-66 corridor in Stanton, Michigan, and also features approximately 35+ acres of commercial land frontage. The ponds are described as being approximately 18 feet in depth. The listing also notes the site is about 20 minutes from an expressway.
The site is being offered for sale with multiple purchase options, pending split approval, including: (1) the entire property with buildings and the 35 acres/ponds, (2) the main building with approximately 3 acres, and (3) the pole building with the ponds and approximately 32 acres. The seller indicates consideration of custom splits with acceptable terms, with one option noting the main building close timing in relation to the larger parcel at the same time or prior.
Key Highlights
- Commercially zoned 35.83‑acre property on high‑traffic M‑66 corridor with multiple buildings
- Approximately 10,124 SF of buildings, including a 7,724 SF main building
- Includes a 1.5‑acre pond and a 0.5‑acre pond (both approx. 18 ft in depth)
Local Financial Insights For Retail
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 | $119.6k | $15.48 |
| − Vacancy | −$5.0k | −$0.65 |
| EGI | $114.5k | $14.83 |
| − OpEx | −$34.4k | −$4.45 |
| NOI | $80.2k | $10.38 |
