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Property profile

910 State St Big Rapids, MI 49307

OFF-MARKET
Retail properties & Spaces
1,631 SF Built 1957
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Property summary

AI-generated overview

This exceptional 1,631 square foot storefront, located at 910 S State St in Big Rapids, Michigan, presents a remarkable investment opportunity. Built in 1957 and renovated in 2020, this vacant property boasts a prime location with high visibility, situated in a shopping complex alongside established businesses like Rite Aid, Qdoba, and Domino's Pizza. The property benefits from a daily traffic count of 5,203 vehicles (per MDOT), ensuring significant foot and vehicle traffic. Its proximity to Ferris State University, with its approximately 14,000 students, offers a substantial customer base. The space features a 10-foot ceiling height and 200 amps of power, and is zoned C-3. Seller financing is available with a $150,000 down payment. The existing lease agreement, should the buyer choose to lease it, offers a monthly rate of $4,485 for a five-year term with two five-year options. The property is "white box" and ready for immediate occupancy. The property's APN is 17-15-436-002. Big Rapids, located in Mecosta County, offers a strong local economy and is conveniently located near Gerald R. Ford International Airport (approximately a 1 hour and 2-minute drive). The city's rich history and vibrant downtown area add to its appeal. This property is ideal for a variety of retail uses and represents a compelling investment opportunity in a thriving community.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1957
Total area 1,631 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

910 State St Big Rapids, MI 49307
Big Rapids metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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