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Property profile & analytics
OFF-MARKET
Specialty properties
314 Main St Eaton Rapids, MI 48827-1206
Individually Owned
5-yr Hold
Free & Clear
Property ID
US43-4304423
Property summary
AI-generated overview
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 profile
Verified
Property type
Specialty properties
Use group
CHARITABLE ORGANIZATION
Year built
1878
Total area
9,800 SF
Lot
0.13 ac (5,663 SF)
Zoning code
CBD
APN
300 000 608 040 00
UPID
US43-4304423
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
-
Red Ribbon Hall Hotel & Motel Resort
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
Josh Gibbs · 5 yrs held
Josh Gibbs
since 2021
Last sale
$30,000
3 recorded transactions
Zoning & alternative use
CBD · Eaton Rapids, MI
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 Eaton Rapids submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Eaton Rapids 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
$1,493
Tax year 2023
Assessed value
$29,500
Assessed 2024
Previous assessed
$26,500
+11.3% YoY
Effective rate
5.06%
On assessed value
Total market value
$59,000
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
Specialty properties
Use group
CHARITABLE ORGANIZATION
Status
Off-Market
Year built
1878
Heating
FORCED AIR
Stories
2
Total area
9,800 SF
Lot
0.13 ac (5,663 SF)
Zoning code
CBD
APN
300 000 608 040 00
UPID
US43-4304423
Jurisdiction
EATON
Zoning & alternative use
CBD · Eaton Rapids, MI
Zoning CBD · permitted uses
CBD · Eaton Rapids, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Eaton Rapids. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1878
Heating
FORCED AIR
Stories
2
Lot
0.13 ac
Current owner
From public records · entity-resolved
Josh Gibbs
Individual
Free & Clear · 5 yrs held
Mailing address
3037 ONONDAGA RD, EATON RAPIDS, MI 48827-9619
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 8, 2021
$30,000
Josh Gibbs
Eaton Rapids Dda
Warranty Deed
—
Dec 4, 2009
—
Eaton Rapids D D A
Eaton Rapids Area Historical Societ
Quit Claim Deed
related
—
May 22, 2006
$140,000
Eaton Rapids Area Historical Societ
Duane A Ross
Warranty Deed
$140,000 · Eaton Fsb
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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