Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2304 S Mission St Mt Pleasant, MI 48858

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    57,000 Sq Ft shopping center on main commercial strip.

    Property Features for 2304 S Mission St

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    Brandon Labelle
    Source: Crexi

    Listing Agency: LaBelle Realty, LLC Listing Agent: Brandon Labelle

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Stadium Mall Retail Space

    Stadium Mall is a 57,000 sq ft shopping center situated on Mt. Pleasant's main commercial strip. The tenant mix includes H & R Block, Jets Pizza, Verizon Wireless, Big Apple Bagels, T-Mobile, Charter Communications, and Great Clips. The property is located next to Central Michigan University, offering an advantageous location.
    Location Intelligence

    Current Use by Public Records

    Stadium Mall Shopping Center & Mall

    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.

    Location Insight

    • Map
    • Local Demand
    City
    Mt Pleasant
    County
    Isabella
    State
    Michigan
    Longitude
    -84.768035
    Latitude
    43.579159

    Nearby Similar for Lease

    • $2,650 /Mo
      1,300 SF

      Mt Pleasant Office/Warehouse Space

      Office space for lease in Mt Pleasant, 1300 SF
      711 W Pickard St, Mt Pleasant, MI 48858
      View Details
    • $12,100 /Mo
      9,000 SF

      Mt Pleasant Office/Warehouse Space

      9,000 SF office space for lease in Mt Pleasant.
      711 W Pickard St, Mt Pleasant, MI 48858
      View Details
    • $435 /Mo
      340 SF

      Downtown Mt. Pleasant Office Space

      Class A office space in downtown Mt. Pleasant for lease.
      304 E Broadway St, Mt Pleasant, MI 48858
      View Details
    • $2,000 /Mo
      2,376 SF

      Industrial Shop For Rent

      Industrial shop with overhead doors and crane for rent.
      1315 N Mission Rd, Mt Pleasant, MI 48858
      View Details
    • $7,000 /Mo
      6,800 SF

      Mt Pleasant Office/Warehouse Space

      6,800 SF office space available for lease.
      711 W Pickard St, Mt Pleasant, MI 48858
      View Details
    • $800 /Mo
      1,327 SF

      Mt Pleasant Office with Storage

      Office space with basement and outside storage yard for lease.
      4049 E Northwind Dr, Mt Pleasant, MI 48858
      View Details
    • $13 SF/Yr
      4,108 SF

      Mt Pleasant Office/Retail Space

      4,108 SF office/retail space available for lease.
      4585 E Pickard Rd, Mt Pleasant, MI 48858
      View Details
    • $6,000 /Mo
      12,772 SF

      Mt Pleasant Warehouse/Manufacturing Space

      Large, heated storage space with fire suppression and loading docks.
      711 W Pickard St, Mt Pleasant, MI 48858
      View Details
    • $13 SF/Yr
      2,520 SF

      Mt Pleasant Warehouse and Office

      2,520 SF available with office and warehouse space.
      4585 E Pickard Rd, Mt Pleasant, MI 48858
      View Details
    • $500 /Mo
      1,600 SF

      Mt Pleasant Warehouse/Manufacturing Space

      Warehouse/manufacturing space for lease in Mt Pleasant, Michigan.
      4049 S Northwind Dr, Mt Pleasant, MI 48858
      View Details
    • $6,175 /Mo
      10,000 SF

      Industrial Facility with Office Space

      10,000 SF Mt. Pleasant facility with drive-through doors.
      515 Industrial Dr, Mt Pleasant, MI 48858
      View Details
    • $12 SF/Yr
      2,976 SF

      Prime Retail Space Available

      High-visibility retail space in Mt. Pleasant's commercial corridor.
      1901 Mission St S, Mt Pleasant, MI 48858
      View Details

    FAQs

    What type of property is this?
    Shopping center - 57,000 Sq Ft shopping center on main commercial strip.
    Where is this shopping center located?
    The property is located at 2304 S Mission St Mt Pleasant, MI.
    What are key features of this property?
    This property features: - Excellent Location next to Central Michigan University; - 57,000 Sq Ft Shopping Center located on Mt. Pleasant's main commercial strip; - Tenants include national brands like H & R Block, Verizon Wireless, and T-Mobile
    Request Owner's contact information
    2304 S Mission St Mt Pleasant, MI 48858
    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.
    2304 S Mission St
    Mt Pleasant, MI 48858
    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
    2304 S Mission St Mt Pleasant, MI 48858
    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

    We can help!
    Listing Contact
    Brandon Labelle
    Real Estate License ID: 6502340665
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!