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Property profile & analytics
OFF-MARKET
Retail space
218 Main St, Fennville, MI 49408
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US43-2054653
Property summary
AI-generated overview
This exceptional commercial property, located at 218 E Main Street in Fennville, Michigan, presents a unique opportunity for a discerning buyer. Priced at $310,000, this 0.04-acre lot offers a fully operational retail space, currently housing Pizza Quest. The building features a fully equipped kitchen, perfect for a restaurant or food-related business. Recent upgrades include new heating, plumbing, and electrical systems, ensuring efficiency and peace of mind for the new owner. The inviting interior includes seating for guests, creating a comfortable and welcoming atmosphere. The property's location in the heart of Fennville, within Allegan County (zip code 49408), provides excellent visibility and access to a thriving community. The sale includes the real estate only
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Total area
636 SF
Lot
0.04 ac (1,917 SF)
APN
52-200-014-00
UPID
US43-2054653
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Pizza Quest Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Three Bears Properties LLC · 1 yrs held
Three Bears Properties LLC
since 2025
Last sale
$270,000
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Fennville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fennville submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$649
Tax year 2023
Assessed value
$46,700
Assessed 2024
Previous assessed
$49,900
-6.4% YoY
Effective rate
1.39%
On assessed value
Assessed land
$23,100
Assessed improvement
$23,600
Land market value
$46,200
Improvement market value
$47,200
Total market value
$93,400
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Heating
FORCED AIR
Buildings
1
Stories
1
Total area
636 SF
Lot
0.04 ac (1,917 SF)
APN
52-200-014-00
UPID
US43-2054653
Jurisdiction
ALLEGAN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Heating
FORCED AIR
Stories
1
Buildings
1
Lot
0.04 ac
Current owner
From public records · entity-resolved
Three Bears Properties LLC
Entity
Mailing address
454 MONTAGUE DR, PORTAGE, MI 49024-6865
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 14, 2025
$270,000
Three Bears Properties LLC
Chardlard LLC
Warranty Deed
$360,000 · Horizon Bank
Jun 7, 2023
$225,000
Chardlard LLC
M89 LLC
Warranty Deed
$225,000 · Horizon Bank
Jul 16, 2014
$23,500
M 89 LLC
Bardomiano Tello
Warranty Deed
$23,500 · Chemical Bank
Mar 3, 2011
—
Bardomiano Tello
Coastal Real Estate Holdings LLC
Warranty Deed
—
May 17, 2010
—
Coastal Real Estate Holdings LLC
Macatawa Bank
Quit Claim Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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