Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Versatile Industrial Space for Lease Title is generated by Realmo AI

    711 W Pickard St, Mount Pleasant, MI 48858

    View on Map
    Claim this Listing
    For Lease
    $4,000/Mo $7 SF/Yr (calc)

    6,006 SF industrial space with office, warehouse, and automotive potential.

    Type:Commercial
    Property size:
    6,006 SF
    Lot size:
    20.00 Acres
    Added:
    May 14, 2026
    Days on Market:
    19
    Last Refresh:
    May 14 at 4:39 pm

    Property Features for 711 W Pickard St

    General Information

    Standard status
    Active
    Size
    6,006 SF
    Lot size
    20.00 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1958

    We can help!

    Listing Contact
    Doug LaBelle

    Listing agent Doug LaBelle License #6502414907

    Listing office LABELLE REALTY LLC

    Listing date May 14, 2026

    Source Elliman

    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 LABELLE REALTY LLC

    HighLights

    • Zoned SD‑I (Industrial‑Special District) allowing for a wide range of uses.
    • Approximately 6,006 square feet of storage, office, and/or warehouse space.
    • Access to 10 truck wells/loading docks (3 indoor and 7 outdoor).
    • Includes three truck wells and one overhead service door.
    • Located on a property encompassing 140,000 square feet on over 20 acres.
    • Features Phase 3 electric and train tracks.

    Overview

    This industrial space, zoned SD-I (Industrial-Special District), offers approximately 6,006 square feet suitable for office, warehouse, wholesale, manufacturing, storage, and automotive uses. The space includes one office, three truck wells, one overhead service door, and 11 to 12-foot ceilings. The entire property consists of three separate structures totaling approximately 140,000 square feet on over 20 acres within Mt. Pleasant. Amenities include Phase 3 electric, a Durolast roof, train tracks, and 10 truck wells/loading docks (3 indoor and 7 outdoor). The location has a walk score of 73, indicating it is very walkable, and a bike score of 63, making it bikeable.
    Location Intelligence

    Current Use by Public Records

    The Institute For Excellence In Education Training Center Guild Mortgage Company Mortgage Lender National Charter Schools ... High School Guild Mortgage - Steve ... Consultant

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Mountain Town Catering — 506 W Broadway St, Mt Pleasant, MI 48858
    • Central Michigan Catering — 1010 W Broadway St, Mt Pleasant, MI 48858

    Location Insight

    • Map
    • Local Demand
    City
    Mount Pleasant
    County
    Isabella
    State
    Michigan
    Longitude
    -84.785913
    Latitude
    43.610383

    Nearby Similar for Lease

    • $7 SF/Yr
      140,000 SF

      Versatile Industrial Space Available

      6,006 SF industrial space for lease in Mt. Pleasant.
      711 W Pickard St, Mount Pleasant, MI 48858
      View Details
    • $10 SF/Yr
      44,073 SF

      Professional Office Complex For Rent

      Office complex near Central Michigan University with flexible floorplans.
      2480 W Campus Dr, Mount Pleasant, MI 48858
      View Details
    • Contact for pricing

      Former Retail Space with Drive-Thru

      Former Rite Aid available for lease near Central Michigan University.
      117 North Mission Street | Mount Pleasant, MI 48858
      View Details
    • Contact for pricing
      1,400 SF

      Retail Space in High-Profile Center

      1,400 SF retail space available for immediate occupancy.
      700 N Mission St, Mount Pleasant, MI 48858
      View Details
    • Contact for pricing
      57,000 SF

      Stadium Mall Retail Space

      Retail space available in a busy shopping center.
      2116 S Mission St, Mount Pleasant, MI 48858
      View Details
    • Contact for pricing
      13,370 SF

      Retail Space Near CMU

      Retail space available in high-traffic shopping center near CMU.
      4208 E Blue Grass Rd, Mount Pleasant, MI
      View Details
    • Contact for pricing
      238,693 SF

      Retail Center Redevelopment Near CMU

      Hobby Lobby-anchored center undergoing redevelopment near Central Michigan University.
      2121-2231 S. Mission Street, Mount Pleasant, MI 48858
      View Details

    FAQs

    What type of property is this?
    Flex space - 6,006 SF industrial space with office, warehouse, and automotive potential.
    Where is this flex space located?
    The property is located at 711 W Pickard St Mount Pleasant, MI.
    What is the lease rate?
    The lease rate is $4,000 /Mo.
    What are key features of this property?
    This property features: Zoned SD‑I (Industrial‑Special District) allowing for a wide range of uses.; Approximately 6,006 square feet of storage, office, and/or warehouse space.; Access to 10 truck wells/loading docks (3 indoor and 7 outdoor).
    (989) 854-9126
    We can help!
    Listing Contact
    Doug LaBelle
    Real Estate License ID: 6502414907
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    711 W Pickard St, Mount Pleasant, MI 48858
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!