Property profile

201 State St Luther, MI 49656

FOR SALE
Other commercial real estate
Property ID
US43-4017308
0.09 ac lot
Individually Owned 7-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

A live-work building configured as a ground-floor storefront with attached residential quarters. The interior provides an open, flexible layout with high ceilings and built-in/custom features intended to support customer-facing use along with on-site living. The residential portion includes two loft-style bedrooms, one bathroom, and central air. The site includes a garage with capacity for 6+ vehicles, which can support vehicle parking, workshop space, storage, or recreational equipment. The property is positioned for convenient access to nearby dining and year-round recreation opportunities, and it is set up to enable direct outdoor use for activities such as riding RVs and accessing nearby ATV/SxS and trail systems. Zoning and specific permitted uses are not stated, but the physical arrangement provides a combined commercial-and-residential structure that can accommodate storefront use with the option for alternative business use (e.g., office or studio) and guest accommodations within the existing residential area.

Property profile

Verified
Property type Other commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 0.09 ac (3,920 SF)
APN 43-113-008-00
UPID US43-4017308

Cap rate & NOI

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

Location

201 State St Luther, MI 49656
Luther metro Census 961300
Google Maps

Value estimations

Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

since 2019
1 recorded transaction
2019
$75,000

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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More about this property
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