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Property profile & analytics
OFF-MARKET
Estimated value
$730,000
Retail space
109 Whittemore St Saint Johns, MI 48879-1649
Entity Owned
18-yr Hold
Free & Clear
Property ID
US43-2964355
Property summary
AI-generated overview
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.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1993
Total area
9,900 SF
Lot
1.13 ac (49,223 SF)
Zoning code
GC
APN
300-000-038-007-60
UPID
US43-2964355
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$640k
Blend (final)
Blend
$730k
Owner & transaction history
Michigan Department Of Transportati · 18 yrs held
Michigan Department Of Transportati
since 2008
1 recorded transaction
Zoning & alternative use
GC · Saint Johns, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$745,000
+16.1%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Saint Johns submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Saint Johns submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$640,000
Current use
OFFICE BUILDING
$745,000
Change: +16% · Conversion: Easy
WAREHOUSE, STORAGE
$530,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$730k
Range $657k – $803k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$74 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Applied tax rate
300.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1993
Heating
YES
Stories
1
Total area
9,900 SF
Lot
1.13 ac (49,223 SF)
Zoning code
GC
APN
300-000-038-007-60
UPID
US43-2964355
Jurisdiction
CLINTON
Zoning & alternative use
GC · Saint Johns, MIZoning GC · permitted uses
GC · Saint Johns, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$640,000
OFFICE BUILDING
Est. value
$745,000
WAREHOUSE, STORAGE
Est. value
$530,000
RETAIL STORES Current
OFFICE BUILDING
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1993
Heating
YES
Stories
1
Lot
1.13 ac
Current owner
From public records · entity-resolved
Michigan Department Of Transportati
Entity
Free & Clear · 18 yrs held
Mailing address
30 HUNTER LN, CAMP HILL, PA 17011-2400
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 24, 2008
$4,000
Michigan Department Of Transportati
S J R A LLC
Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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