701 Michigan Ave St. Louis, MI 48880
This vacant, 1,180 square foot building sits on two parcels totaling 0.52 acres at the corner of W. State St and Michigan Ave in St. Louis, Michigan. Previously a restaurant, the property features existing commercial kitchen equipment including a hood and three-compartment sink. Located in Gratiot County, this property offers a prime redevelopment opportunity for a quick-service restaurant or similar establishment. The asking price is $79,900, translating to $67.71 per square foot. The convenient location between St. Louis and Alma, home to Alma College, provides excellent access to US-127 and surrounding residential areas. The property's address is 701 Michigan Ave, St. Louis, MI 48880, and includes APN numbers 53-700-005-00 and 53-700-006-00. The single-story building requires refreshing and renovation to be operational as a restaurant, but its corner location presents significant potential for a new business. This is a vacant property with no remaining lease term.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.