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    836 State St Big Rapids, MI 49307

    Sponsored
    For Lease
    $14 SF/Yr

    11,562 SF former Rite Aid, high traffic.

    Lot size:
    11,562 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This 11,562-square-foot retail space, formerly a Rite Aid, is located at 836 S State St in Big Rapids, Michigan, Mecosta County (APN 17-15-436-002). The single-tenant property enjoys a prime location directly across from Ferris State University at the intersection of Perry Avenue and S State Street, ensuring high visibility and significant foot traffic from the university student body and staff. The property benefits from ample on-site parking, prominent pylon and building signage, and convenient access to US-131 via multiple ingress/egress points. This location is part of a vibrant retail center, sharing space with established businesses such as BIGGBY COFFEE, Tropical Smoothie Cafe, QDOBA, Verizon, and Domino's Pizza. The surrounding area boasts a strong retail presence, including well-known national brands like Taco Bell, Planet Fitness, Dunham's, Harbor Freight, Tractor Supply, Marshalls, Dollar Tree, and Meijer, among others. This property presents a compelling opportunity for a variety of retail uses. The property's size, location, and visibility make it an attractive investment for businesses seeking a high-traffic location in a thriving community.

    Property Features for 836 State St

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    11,562 SF

    Unit(s) available at that property

    Space
    Size
    11,562 SF
    Rate per SF
    $14
    Property Profile Location Intelligence

    Current Use by Public Records

    QDOBA Mexican Eats Caterer

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Auto Repair Shop Hair Salon Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Big Rapids
    County
    Mecosta
    State
    Michigan
    Longitude
    -85.484297298559
    Latitude
    43.688303100407

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    FAQs

    What type of property is this?
    Individual retail property - 11,562 SF former Rite Aid, high traffic.
    Where is this individual retail property located?
    The property is located at 836 State St Big Rapids, MI.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    Request Owner's contact information
    836 State St Big Rapids, MI 49307
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    Big Rapids, MI 49307
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    Realmo Value Estimation

    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.

    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.

    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
    836 State St Big Rapids, MI 49307
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