Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Property profile & analytics

    127 Main St Middleville, MI 49333

    • Office buildings
    • 2,280 SF
    • 0.06 lot acres
    For Sale
    View listing
    $249,900
    Last Sale
    Oct 29, 2025
    $50,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-4428780
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Newmyer Eldon DC / Chiropractor

    Property Details for 127 Main St

    Lot size
    0.06 lot acres
    Property size
    2,280 SF
    Property type
    Office buildings
    APN
    08-41-001-009-00
    APU
    84100100900

    Description

    This exceptional 2,280 square foot industrial building presents a prime investment opportunity in the heart of Middleville, Michigan. Situated on a 0.06-acre lot at 127 E Main Street, this property offers significant flexibility and potential for diverse uses. Currently configured as two units, the building's layout allows for expansion to four units, catering to a variety of business needs. The property has received approval for multiple mixed-use designations, opening doors to creative development strategies. The possibility of incorporating residential units adds another layer of potential revenue streams. The building is completely vacant and ready for immediate occupancy, allowing new owners to customize the space to perfectly match their vision. Furthermore, the property is eligible for Downtown Development Authority (DDA) grants, potentially covering exterior facade upgrades, enhancing curb appeal and property value. This presents a unique chance to acquire a well-located, adaptable commercial space with significant upside potential in a thriving downtown area. The asking price is $249,900. Don't miss this chance to own a piece of Middleville's vibrant commercial landscape. The property's versatility and potential for growth make it an attractive investment for both seasoned developers and first-time buyers. Act quickly to secure this exceptional opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Middleville
    County
    Barry
    State
    Michigan
    Longitude
    -85.4642
    Latitude
    42.7121
    CBSA code
    24340
    CBSA name
    GRAND RAPIDS-WYOMING, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $791
    $0.00
    $0.00
    $64,600
    -
    $0.00
    $0.00
    $129,200

    Comparable in this City

    • Value Estimation by Request
      4,400 SF

      1001 Payne Lk Rd

      OFFICE BUILDING • 4,400 SF
      1001 Payne Lk Rd, Middleville, MI 49333-9709
      View Details
    • Value Estimation by Request
      15,840 SF

      445 Eagle Dr

      OFFICE BUILDING • 15,840 SF
      445 Eagle Dr, Middleville, MI 49333-9116
      View Details
    • Value Estimation by Request
      6,000 SF

      20 State St

      OFFICE BUILDING • 6,000 SF
      20 State St, Middleville, MI 49333-9267
      View Details
    • Value Estimation
      $290,000
      2,004 SF

      3700 Patterson Rd

      OFFICE BUILDING • 2,004 SF
      3700 Patterson Rd, Middleville, MI 49333-9150
      View Details
    • Value Estimation by Request
      4,582 SF

      2495 Cherry Vly Rd

      OFFICE BUILDING • 4,582 SF
      2495 Cherry Vly Rd, Middleville, MI 49333-9769
      View Details
    • Value Estimation
      $290,000
      4,464 SF

      491 Arlington St

      OFFICE BUILDING • 4,464 SF
      491 Arlington St, Middleville, MI 49333-9701
      View Details

    Similar Nearby for Sale

    • New
      $225,000
      Pending

      Land with Home and Barn

      Residential land with partially completed home and finished pole barn.
      2919 Beatrice Ave, Middleville, MI 49333
      View Details
    • New
      $275,000
      6.32 Acres

      6.32 Acres Land in Middleville

      Two lots totaling 6.32 acres, build your dream home!
      lot A&B Stimson Rd, Middleville, MI 49333
      View Details
    • $450,000
      17.40 Acres

      Middleville Land with River Frontage

      17.4 acres with river frontage near downtown Middleville.
      W Irving Rd, Middleville, MI 49333
      View Details
    • $150,000
      2.81 Acres

      Land with Middleville Countryside Views

      2.81 acre lot to build your dream home.
      Parcel B Stimson Rd, Middleville, MI 49333
      View Details
    • $178,000
      Pending

      Unique Private Lot in Middleville

      A unique 4.2-acre lot with diverse terrain and a pond.
      Reflection Pond Dr, Middleville, MI 49333
      View Details
    • New
      $135,000
      4.14 Acres

      Buildable Land in Middleville, MI

      4.14 acre wooded lot near Yankee Springs Recreation Area.
      unit Parcel B Spruce Hollow Dr, Middleville, MI 49333
      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.
    127 Main St
    Middleville, MI 49333
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.