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    315 N Main St Olivet, MI 49076

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    For Sale
    $1,806,000

    New construction retail building with a 10-year corporate lease.

    Property size:
    10,500 SF
    Lot size:
    1.49 Acres

    Property Features for 315 N Main St

    General Information

    Size
    10,500 SF
    Lot size
    1.49 Acres

    Source: AQRE Advisors Agent Jon Kouza

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    New Retail Building For Sale

    This is a new construction retail building completed in 2024. The property has a new 10-year corporate lease that commenced in October 2024, providing long-term income stability. The lease structure is NNN, with the landlord responsible for the roof, structure, and parking lot.
    Location Intelligence

    Current Use by Public Records

    Family Dollar Dollar Store

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Olivet
    County
    Eaton
    State
    Michigan
    Longitude
    -84.9221408
    Latitude
    42.4487821

    FAQs

    What type of property is this?
    Retail space - New construction retail building with a 10-year corporate lease.
    Where is this retail space located?
    The property is located at 315 N Main St Olivet, MI.
    What is the asking price?
    The asking price for this property is $1,806,000.
    What are key features of this property?
    This property features: - New 10-Year Corporate Lease: Provides long-term income stability; - New Construction (2024): Minimizes near-term maintenance; - Minimal Landlord Responsibilities (NN Lease): Landlord responsible only for roof, structure, and parking lot
    (248) 776-6001
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    315 N Main St Olivet, MI 49076
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    315 N Main St
    Olivet, MI 49076
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    Realmo Value Estimation

    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.

    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.

    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
    315 N Main St Olivet, MI 49076
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