Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Commercial Building in Concord, Michigan Title is generated by Realmo AI

    101 Spring Arbor Road, Concord, MI 49237

    View on Map
    Claim this Listing
    For Sale
    $259,900

    COMMERCIAL - Concord, MI

    Property size:
    4,716 SF
    Lot size:
    0.34 Acres
    Price / SF:
    $55/SF
    Added:
    Dec 5, 2024
    Days on Market:
    532
    Last Refresh:
    May 21 at 12:06 pm

    Property Features for 101 Spring Arbor Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Bathrooms
    1
    Rooms
    Bathroom 1
    Parking
    20
    Interior features
    Broadband
    Standard status
    Active
    APN
    001-11-27-151-014-00
    Size
    4,716 SF
    Lot size
    0.34 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    SEC 27 T3S R3W
    Tax Annual Amount
    2578

    Utilities

    Heating system
    Forced Air
    Cooling system
    Wall Unit(s)
    Water front features
    Pond
    Water front
    1

    Building Details

    Year built
    1940
    Floors in Building
    1
    Number of units
    1
    Building materials
    Aluminum Siding, Block
    Roof type
    Rubber

    We can help!

    Listing Contact
    JEFF REDMAN
    JEFF REDMAN

    Listing agent JEFF REDMAN License #6501383052

    Listing office Home 1st Real Estate 2600 Airport Rd Ste 200, Jackson, MI

    Listing date Dec 5, 2024

    MLS# 24061893

    Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • High‑visibility corner lot location on Spring Arbor Rd./M‑60 & N. Main Street in Concord, Michigan.
    • Large 4,716 sq ft of floor space with additional upper storage and attic.
    • Waterfrontage on the Concord Mill Pond.
    • Updated features include rubber roof, furnace, metal siding, front windows, asphalt driveway, and new drain.
    • Two overhead doors on each side of the building for easy access.
    • High ceilings throughout the workspace.

    Overview

    This commercial building, formerly a NAPA Auto Parts store, is available for sale in Concord, Michigan. Situated on the corner of Spring Arbor Road/M-60 and N. Main Street, the property offers 4,716 square feet of floor space with an additional room for upper storage and attic space. The building features high ceilings throughout the workspace and includes two overhead doors on each side for accessibility. The property backs up to the Concord Mill Pond, providing frontage. Updates to the building include a rubber roof, furnace, metal siding, front windows, an asphalt driveway, and a new drain. The lot size is 0.34 acres. This building is located in Jackson County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Specialty properties

    Suggested Use

    Restaurant Real Estate Agency Building Supply Auto Repair Shop Hair Salon Department Store Accounting Firm Storage Facility Grocery & Convenience Store Bar & Pub

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Concord
    County
    Jackson
    State
    Michigan
    Longitude
    -84.646214
    Latitude
    42.180775

    Nearby Similar for Sale

    • $99,999
      764 SF

      Turnkey Salon in Concord, MI

      Fully equipped salon for sale with flexible purchase options.
      107 Homer Road, Concord, MI 49237
      View Details
    • $259,900
      4,716 SF

      Concord, MI Business Opportunity

      Commercial property in Concord, Michigan, suitable for various business ventures.
      101 Spring Arbor Road, Concord, MI 49237
      View Details
    • $310,000
      5,245 SF

      Concord, MI Retail Opportunity

      Retail property for sale in Concord, Michigan.
      101 S Main Street, Concord, MI 49237
      View Details
    • $99,999
      764 SF

      Retail Opportunity in Concord, MI

      Retail space available for sale in Concord, Michigan.
      107 Homer Road, Concord, MI 49237
      View Details
    • $310,000
      5,245 SF

      Restored Bank Building in Concord

      Meticulously restored 5,245 SF commercial building in Concord, Michigan.
      101 S Main Street, Concord, MI 49237
      View Details
    • $310,000
      5,000 SF

      Restored Bank Building For Sale

      Meticulously restored 5000 sq ft building in Concord, MI.
      101 S Main St, Concord, MI 49237
      View Details
    • $170,000
      1,800 SF

      Restaurant Opportunity in Concord, MI

      Updated restaurant building with high traffic and outdoor seating.
      107 E Jackson Road, Concord, MI 49237
      View Details
    • $170,000
      1,800 SF

      Retail Property in Concord, MI

      Retail property for sale in Concord, Michigan, featuring 1800 square feet.
      107 E Jackson Road, Concord, MI 49237
      View Details
    • $769,999
      9,516 SF

      Concord Multifamily Investment Opportunity

      Multifamily property in Concord, Michigan, ideal for investment.
      190 Maple Street, Concord, MI 49237
      View Details
    • $259,900
      4,716 SF

      Commercial Building in Concord, Michigan

      Commercial building with high ceilings and overhead doors for sale.
      101 Spring Arbor Road, Concord, MI 49237
      View Details
    • $99,999

      Turnkey Salon in Concord, MI

      Fully equipped salon ready for immediate operation in Concord, MI.
      107 Homer Rd, Concord, MI 49237
      View Details
    • $769,999

      Seven-Unit Investment Property in Concord

      Seven-unit property with rental upside in Concord, Michigan.
      190 Maple Street, Concord, MI 49237
      View Details

    FAQs

    What type of property is this?
    Specialty property - Commercial building with high ceilings and mill pond frontage.
    Where is this specialty property located?
    The property is located at 101 Spring Arbor Road Concord, MI.
    What is the asking price?
    The asking price for this property is $259,900.
    What are key features of this property?
    This property features: High‑visibility corner lot location on Spring Arbor Rd./M‑60 & N. Main Street in Concord, Michigan.; Large 4,716 sq ft of floor space with additional upper storage and attic.; Waterfrontage on the Concord Mill Pond.
    (517) 206-6518
    We can help!
    Listing Contact
    JEFF REDMAN
    JEFF REDMAN
    Real Estate License ID: 6501383052
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    101 Spring Arbor Road, Concord, MI 49237
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!