Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Versatile Commercial Building in Ithaca Title is generated by Realmo AI

    820 N Pine River St, Ithaca, MI 48847

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Adaptable 4,875 SF commercial space suitable for various businesses.

    Type:Mixed Use, Office, Special Purpose
    Property size:
    4,785 SF
    Price / SF:
    $52/SF
    Added:
    Jan 28, 2026
    Days on Market:
    105
    Last Refresh:
    Mar 17 at 1:14 pm

    Property Features for 820 N Pine River St

    General Information

    Standard status
    Active
    Size
    4,785 SF
    Property subtype
    Mixed Use, Office, Special Purpose

    Building Details

    Year Built
    1970

    We can help!

    Listing Contact
    Micah Kemler

    Listing agent Micah Kemler License #6505426348

    Listing office 43 NORTH REALTY

    Listing date Jan 28, 2026

    Source Crexi

    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 43 NORTH REALTY

    HighLights

    • Prime commercial location on a main road leading into Ithaca.
    • 4,875+ square feet of flexible space suitable for various businesses.
    • Features 20 rooms and 7 bathrooms.
    • Includes a welcoming lobby and foyer area.
    • Multiple ADA‑accessible bathrooms and accommodations.
    • Excellent visibility and easy access.

    Overview

    This commercial property, situated on a main road leading into Ithaca, offers 4,785 square feet of flexible space. Previously used as a doctor’s office, the building includes 20 rooms and 7 bathrooms, making it suitable for medical, professional, or service-based businesses. The front of the building features a lobby and foyer area that can function as a client waiting room. Multiple ADA-accessible bathrooms and accommodations are already in place. The property offers visibility, easy access, and a functional layout, making it suitable for a new or growing business looking to establish itself in a high-traffic location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Donald G. Prouty, ... Pediatrician Ithaca Family Practice Medical Clinic

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Similar Places Nearby

    • Ithaca Animal Hospital — 120 E Newark St, Ithaca, MI 48847

    Location Insight

    • Map
    • Local Demand
    City
    Ithaca
    County
    Gratiot
    State
    Michigan
    Longitude
    -84.606926
    Latitude
    43.302723

    Nearby Similar for Sale

    • $239,000
      4,785 SF

      Ithaca Medical/Dental Office Space

      Versatile commercial building with 20 rooms and 7 bathrooms.
      820 N Pine River Street, Ithaca, MI 48847
      View Details
    • $2,500,000
      5,500 SF

      Steel Art Studio and Retail

      Thriving artisan enterprise with retail destination in Ithaca, Michigan.
      5348 S Bagley Road, Ithaca, MI 48847
      View Details
    • $85,000
      952 SF

      Versatile Commercial Building, Ithaca, MI

      High-visibility corner lot suitable for various business ventures.
      725 E Center, Ithaca, MI 48847
      View Details
    • $99,000
      1,890 SF

      High-Visibility Corner Commercial Building

      1,890 SF single-story building ideal for retail or service businesses.
      1126 E Center Street, Ithaca City, MI 48847
      View Details
    • $99,900

      Well-Maintained Duplex on Corner Lot

      Reliable investment property with strong rental history and remodeled features.
      501 N Pine River St, Ithaca, MI 48847
      View Details
    • $645,000
      36,614 SF

      Versatile Industrial Building in Ithaca

      36,614 SF building with office space and drive-in doors.
      212 South Pine River Street, Ithaca, MI 48847,
      View Details
    • $959,850
      9,014 SF

      Dollar General in Ithaca, MI

      Dollar General property in Ithaca, MI for sale.
      1202 E Center St, Ithaca, MI 48847
      View Details
    • $125,000

      Ithaca Multi-Unit Home For Sale

      Multi-unit home in Ithaca with tenant-paid utilities.
      928 E Emerson St, Ithaca, MI 48847
      View Details
    • $160,000

      Investment

      302 N Pine River St, Ithaca, MI 48847
      View Details
    • $1,000,000
      3,350 SF

      Operating Restaurant Building For Sale

      3,350 SF operating restaurant with redevelopment potential in Ithaca, MI.
      1335 E Center St, Ithaca, MI
      View Details
    • $1,000,000
      3,350 SF

      Operating Restaurant Building For Sale

      3,350 SF restaurant building for sale on E Center Street.
      1335 E Center St, Ithaca, MI 48847
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Adaptable 4,875 SF commercial space suitable for various businesses.
    Where is this medical office space located?
    The property is located at 820 N Pine River St Ithaca, MI.
    What is the asking price?
    The asking price for this property is $249,000.
    What are key features of this property?
    This property features: Prime commercial location on a main road leading into Ithaca.; 4,875+ square feet of flexible space suitable for various businesses.; Features 20 rooms and 7 bathrooms.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Micah Kemler
    Real Estate License ID: 6505426348
    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
    820 N Pine River St, Ithaca, MI 48847
    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!