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    314 Main St Eaton Rapids, MI 48827

    Sponsored
    For Sale
    $349,000

    Historic Event Venue, 9,800 sq ft

    Property size:
    9,800 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This stunning 9,800 square foot event venue, located at 314 S Main St in Eaton Rapids, Michigan, presents a unique investment opportunity. Built in 1878 and extensively renovated in 2021, this two-story building boasts a blend of vintage charm and modern amenities. The property sits on a 0.13-acre lot and is zoned for commercial use. Ideal for weddings, corporate events, or private celebrations, the venue features a large gathering space, a private prep room with vanities, a small cocktail/bar area, and a spacious commercial kitchen. The kitchen is fully equipped with multiple prep spaces, a commercial hood, and ample refrigeration. With one key and a history dating back to 1878, this property offers high visibility due to its location in a high-traffic area. The asking price is $349,000, translating to $35.61 per square foot. This is a rare chance to acquire a well-maintained, historically significant commercial property with significant earning potential.

    Property Features for 314 Main St

    General Information

    Property type
    Churches & religious facilities
    Square Feet
    9,800 SF
    Lot Size
    5,663 SF

    Building Details

    Year Built/Renovated
    1878/2021
    Buildings
    1
    Stories
    2

    HighLights

    • High‑traffic location in Eaton Rapids, MI.
    • Recently renovated in 2021.
    • Fully equipped commercial kitchen with hood.
    Property Profile Location Intelligence

    Current Use by Public Records

    Red Ribbon Hall Event Venue

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Eaton Rapids
    County
    Eaton
    State
    Michigan
    Longitude
    -84.655986213991
    Latitude
    42.509886050107

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    FAQs

    What type of property is this?
    Church & religious facility - Historic Event Venue, 9,800 sq ft
    Where is this church & religious facility located?
    The property is located at 314 Main St Eaton Rapids, MI.
    What is the asking price?
    The asking price for this property is $349,000.
    What are key features of this property?
    This property features: High-traffic location in Eaton Rapids, MI.; Recently renovated in 2021.; Fully equipped commercial kitchen with hood.
    Request Owner's contact information
    314 Main St Eaton Rapids, MI 48827
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    Eaton Rapids, MI 48827
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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
    314 Main St Eaton Rapids, MI 48827
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