Building Details

Building Size 1,900 SF

Year Built 2002

Stories 1900

Listing Agency: NAI Wisinski of West Michigan Show Phone

Listed By: Connor Schultze · License #6501453214 Show Phone

Source: Ensleyteam

Added: Oct 21 Changed: Oct 28 Last Checked: Oct 28 at 2:49PM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI Wisinski of West Michigan

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Investment Insights

Based on property information with market context.

This 1,900-square-foot diner at 111 W Michigan Avenue includes a commercial kitchen with prep areas, refrigeration, and a cooking line, along with furniture and dining room furnishings. The building was constructed in 2002. The included equipment and furnishings are part of the property offering.

Key Highlights

• 1,900‑square‑foot diner at 111 W Michigan Avenue
• Commercial kitchen includes prep areas, refrigeration, and a cooking line
• Furniture, equipment, and dining room furnishings included

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$17,826

Cap Rate

4.46%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$356,520 $356.5K

Cap Rate 7%

$254,657 $254.7K

Cap Rate 9%

$198,067 $198.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,900 SF

Gross rent

$25.0K $13.14/SF

− Vacancy

−$1.2K −$0.63/SF

EGI

$23.8K $12.51/SF

− OpEx

−$5.9K −$3.13/SF

NOI

$17.8K $9.38/SF

Area

Kalamazoo County, MI

Vacancy

4.80%

Lease Rate

$13.14 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$356,520

Cap Rate 7%

$254,657

Cap Rate 9%

$198,067

Alternative Uses

Best Use

Specialty Retail

$254.7K

$222.8K – $297.1K (±1% cap)

NOI $17,826 @ 7.0% cap · market cap 4.46%

Second Best

—

—

no second resolved use

Theoretical Best

Warehouse

$497.2K

$435.0K – $580.1K (±1% cap)

NOI $34,803 @ 7.0% cap · market cap 8.70%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

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

Suggested Use

Top Pick Parking Lot & Garage Big Box & Wholesale Store Building Supply Hair Salon Grocery & Convenience Store Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business

Opportunity

Location Intelligence

Trade Area within ½ mile

90

Businesses Nearby

15k

Monthly Visits Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Shell Shops & Services

9,772 visits/mo 0.1 miles

Dollar General Shops & Services

4,999 visits/mo 0.3 miles

Demographics for 49012, MI

3,477

Population

1,344

Households

2.6

Avg Household Size

46

Median Age

32%

College-Educated

96%

High-School Grad

42.2 sq mi

ZIP Area

82

Density / Sq Mi

$78,365

Median Household Income

$41,026

Median Earnings

$845

Median Rent

$248,000

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

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Similar Off Market Nearby

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

Frequently Asked Questions

What type of property is this?

Breakfast & diner - The restaurant includes commercial cooking equipment, refrigeration, prep areas, and dining room furnishings.

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: 1,900‑square‑foot diner at 111 W Michigan Avenue; Commercial kitchen includes prep areas, refrigeration, and a cooking line; Furniture, equipment, and dining room furnishings included