Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    214 Main St Hubbardston, MI 48845
    Back to Search
    Property profile & analytics

    214 Main St Hubbardston, MI 48845

    View on Map
    • Investment properties
    • 2,196 SF
    • 0.46 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Investment properties

    Property Details for 214 Main St

    Year built
    1882
    Lot size
    0.46 lot acres
    Property size
    2,196 SF
    Property type
    Investment properties

    Description

    This captivating 2,196 square foot building at 214 E Main Street in Hubbardston, Michigan presents a unique opportunity for discerning buyers. Situated on a 0.46-acre lot, this property boasts undeniable historical charm, evident in its stunning original flooring and open floor plan. The versatile layout offers immense potential for a variety of commercial ventures, allowing entrepreneurs to establish their dream business in a beautifully preserved space. Alternatively, the building's character and spaciousness make it an ideal candidate for conversion into a residential property, providing a unique and captivating living environment. The property's prime location on Main Street in Hubbardston offers excellent visibility and accessibility, ensuring a strong foundation for any future endeavor. The asking price of $60,000 represents an exceptional value for a property with such significant historical significance and adaptable design. This is a rare opportunity to acquire a piece of Hubbardston's history and shape its future. Don't miss out on the chance to own this remarkable building and unlock its limitless possibilities. Serious inquiries are encouraged.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Hubbardston
    County
    Ionia
    State
    Michigan
    Longitude
    -84.841
    Latitude
    43.0917

    Comparable in this City

    • Value Estimation by Request
      3,749 SF

      111 Washington St

      COMMERCIAL (GENERAL) • 3,749 SF
      111 Washington St, Hubbardston, MI 48845-5102
      View Details
    • Value Estimation by Request
      4,426 SF

      131 Washington St

      COMMERCIAL (GENERAL) • 4,426 SF
      131 Washington St, Hubbardston, MI 48845-5102
      View Details
    • Value Estimation by Request
      0.91 Acres

      149 Washington St

      COMMERCIAL (GENERAL) • 0.91 Acres
      149 Washington St, Hubbardston, MI 48845-9361
      View Details
    • Value Estimation by Request
      3,666 SF

      106 Main St

      COMMERCIAL (GENERAL) • 3,666 SF
      106 Main St, Hubbardston, MI 48845
      View Details
    • Value Estimation by Request
      2,060 SF

      117 Washington St

      COMMERCIAL (GENERAL) • 2,060 SF
      117 Washington St, Hubbardston, MI 48845-5102
      View Details
    • Value Estimation by Request
      1.40 Acres

      Hubbardston, MI 48845

      INDUSTRIAL (GENERAL) • 1.40 Acres
      Hubbardston, MI 48845
      View Details

    Similar Nearby for Sale

    • $275,000
      15,225 SF

      Versatile Hubbardston Commercial Building

      15,000+ sq ft building with apartments, offices, and storage.
      306 W Russell St, Hubbardston, MI 48845
      View Details
    • $275,000
      1.59 Acres

      Unique Hubbardston Mixed-Use Investment Opportunity

      Solid investment property with apartments, offices, gym, and storage.
      306 W Russell St, Hubbardston, MI 48845
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    214 Main St
    Hubbardston, MI 48845
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    214 Main St, Hubbardston, MI, 48845
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!