Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    111 W Michigan Avenue Augusta, MI 49012

    View on Map
    For Sale
    $399,900

    COMMERCIAL - Augusta, MI

    Type:Retail
    Property size:
    1,900 SF
    Lot size:
    0.50 Acres
    Added:
    Feb 25, 2026
    Days on Market:
    35
    Last Refresh:
    Apr 1 at 10:06 pm

    Property Features for 111 W Michigan Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Bathrooms
    2
    Rooms
    Bathroom 1, Bathroom 2
    Standard status
    Active
    APN
    04-34-360-220
    Size
    1,900 SF
    Lot size
    0.50 Acres

    Taxes and HOA fees

    TaxYear
    2025
    TaxDescription
    VILLAGE OF AUGUSTA LOTS 25-26 & N1/4 LOTS 29-30 * BLK 13 RANGE 6 = V2 166
    TaxAnnualAmount
    3770

    Building Details

    Year built
    2002
    Number of units
    1

    We can help!

    Listing Contact
    Connor Schultze

    Listing agent Connor Schultze

    Listing office NAI Wisinski of West Michigan 650 Trade Centre Way, Ste 130, Kalamazoo, MI

    Listing date Feb 25, 2026

    MLS# 26008496

    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.

    Overview

    Turnkey Diner in Downtown Augusta

    This turnkey diner opportunity is located in downtown Augusta, at 111 W Michigan Ave. The restaurant benefits from excellent visibility along Michigan Avenue and is surrounded by local businesses and neighborhood rooftops. The property offers a chance to acquire an operating diner concept, with all furniture, fixtures, and equipment included in the sale. The kitchen is fully equipped with commercial-grade equipment, prep areas, refrigeration, a cooking line, and dining room furnishings. The property size is 1900 square feet and the lot size is 0.5 acres. It is suited for an owner-operator or investor looking to expand their restaurant portfolio in a strong small-town market. Financials are available for qualified buyers upon request and receipt of a signed confidentiality agreement.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Nina's Taqueria Restaurant DIG-IN CAFE AND CATERING Restaurant

    Suggested Use

    Restaurant Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Pharmacy Accounting Firm

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

    Similar Places Nearby

    • DIG-IN CAFE AND CATERING — 111 W Michigan Ave, Augusta, MI 49012

    Location Insight

    • Map
    • Local Demand
    City
    Augusta
    County
    Kalamazoo
    State
    Michigan
    Longitude
    -85.352805
    Latitude
    42.33514

    Nearby Similar for Sale

    • $169,000

      Augusta Multi-Family Investment Opportunity

      Two-unit property near downtown Augusta with rental income potential.
      201 N Chestnut Street unit: 203 & 205, Augusta, MI 49012
      View Details
    • $199,900
      6,720 SF

      Versatile Commercial Property Near Kalamazoo

      6720 sq ft commercial building with apartment potential.
      102 S Webster Street unit: 1, Augusta, MI 49012
      View Details
    • $399,900
      1,900 SF

      Turnkey Diner in Downtown Augusta

      Operating diner with equipment included in downtown Augusta.
      111 W Michigan Ave, Augusta, MI 49012
      View Details

    FAQs

    What type of property is this?
    Breakfast & diner - Operating diner with equipment included in downtown Augusta, Michigan.
    Where is this breakfast & diner located?
    The property is located at 111 W Michigan Avenue Augusta, MI.
    What is the asking price?
    The asking price for this property is $399,900.
    What are key features of this property?
    This property features: Turnkey diner opportunity: Fully equipped with all furniture, fixtures, and equipment (FF&E) included in the sale, minimizing initial investment.; Prime downtown Augusta location: Excellent visibility on Michigan Avenue, surrounded by businesses and residences.; Fully equipped commercial kitchen: Includes commercial‑grade equipment, prep areas, refrigeration, and a cooking line.
    (269) 370-6437
    We can help!
    Listing Contact
    Connor Schultze
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!