Property profile

310 N Michigan Ave Big Rapids, MI 49307

FOR SALE
Other commercial real estate
Property ID
US43-2528349
Individually Owned 6-yr Hold Free & Clear
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Property summary

AI-generated overview

The property is a 10,500 square-foot retail building located on North Michigan Avenue in Big Rapids, Michigan, with on-site parking for 50 vehicles and an additional second designated paved lot providing parking and alley access. The building has a history of use as a Sears & Roebuck store and a grocery store and includes a main street entrance that has been redesigned and partially built out, featuring an ADA-compliant restroom, reception area, conference space, and multiple office and storage areas. The central portion of the building contains two locker rooms with showers, and a separate rear area provides flexibility for an additional business or tenant. A separate rear tenant area of approximately 2,000 square feet has an existing customer restroom serving that use. Building systems and components include a replaced roof and prior tenant upgrades to the HVAC system, plumbing, and electrical service, and the exterior has been maintained with exterior cleaning and repainting.

Property profile

Verified
Property type Other commercial real estate
Use group COMMERCIAL (GENERAL)
APN 17-11-353-012
UPID US43-2528349

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Gym & Fitness Center

Location

310 N Michigan Ave Big Rapids, MI 49307
Big Rapids metro Census 960500 BIG RAPIDS, MI MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$235k

Owner & transaction history

since 2020
2 recorded transactions
2020
Price N/A
2020
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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