109 Whittemore StSaint Johns, MI 48879

Property Details for 109 Whittemore St

Year built

1993

Lot size

1.13 AC

Property size (Sq ft)

9,900 SF

Zone code

GC

Property type

Retail properties

Property subtype

Retail space

APN

300-000-038-007-60

APU

30000003800760

Description

This exceptional 9,620-square-foot free-standing retail building presents a unique investment opportunity in St. Johns, Michigan. Situated on a 1.13-acre lot at the highly visible corner of BUS-127 and M-21 (E. State Street), this single-tenant property boasts a convenient drive-thru, maximizing accessibility and customer convenience. Constructed in 1997, the one-story building offers excellent visibility and walkability to nearby neighborhoods and businesses. Its strategic location provides easy access to St. Johns schools and the historic downtown area, ensuring a strong customer base. The property's former use as a Rite-Aid pharmacy speaks to its proven success as a retail location. The ample lot size and prime corner location offer significant potential for a variety of retail uses. This is an ideal opportunity for an owner-occupier or investor seeking a well-positioned, established retail space in a thriving community. The property's single-tenant occupancy simplifies management and provides a stable income stream. The address is 109 S Whittemore St, St Johns, MI 48879.

• CAP approach

  CAP return

  Valuation

  6%

  $910,406

  6.5%

  $840,375

  7%

  $780,348

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,333,636

  Geo Method

  $2,333,636

• Alternative Use

  Use

  Valuation

  Residential

  $708,887

  Hospitality

  $649,337

  Educational

  $540,241

  Medical

  $558,821

  Retail

  $840,375

Location Insight

City

Saint Johns

County

Clinton

State

Michigan

Latitude

43.0014

Longitude

-84.5512

CBSA code

29620

CBSA name

LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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