275 S State St - Freestanding FOR SALE


Sparta, MI 49345
$1,400,000 USD
616-881-2900
275 S State St, Sparta, MI for Sale
$1,400,000 USD
Freestanding - FOR SALE
1/8
null | 8% Cap Rate

275 S State St
Sparta, MI 49345


OVERVIEW

This property is a high-yield, multi-tenant retail investment located in a prime commercial pocket of Sparta, Michigan. Positioned on the busy South State Street corridor, it benefits from strong visibility and a diverse, recession-resistant tenant mix. This multi-tenant retail center offering a rare 8% cap rate in a tightening market. The property is anchored by three highly recognizable and stable tenants: Biggby Coffee, Miller Orthodontics, and Edward Jones. It offers a balanced mix of daily-needs retail and professional services, ensuring consistent foot traffic and long-term tenant retention.

FOR SALE DETAILS

PRICE

$1,400,000 USD

PRICE/SF

$330 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Biggby Coffee

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2018

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

1.26 AC

LAND SF

54,886 SF

ZONING

GC

APN/PARCEL ID

41-05-22-282-018

ASK ABOUT THIS PROPERTY

Dave DentonDAR Commercial Real EstateMore Info
616-881-2900

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Dave DentonDAR Commercial Real EstateMore Info
616-881-2900

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.