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Property profile & analytics
FOR SALE
Retail space

101 Spring Arbor Rd Concord, MI 49237

4,716 SF 0.34 ac lot
Entity Owned Free & Clear
Property ID
US43-1258748
Property summary
AI-generated overview

This meticulously restored 1900 bank building, situated on a 0.51-acre lot in Concord, MI, presents a unique opportunity for a variety of businesses. Boasting 5,245 square feet of versatile space, this property offers a blend of historical charm and modern functionality. Located conveniently off I-94, halfway between Kalamazoo and Ann Arbor, the building enjoys high visibility with frontage on both Main Street and Hanover Street. Exterior murals by Melissa Morse add to its artistic appeal. The interior features a spacious office area, two bathrooms, and a substantial shop area equipped with three mechanics' pits and two overhead doors. A convenient elevator provides access to the basement. Ample parking is available, including private parking within a gated area, in addition to street parking. The building's rich history, encompassing both banking and automotive uses, provides a captivating backdrop for a new chapter. This property is ideal for a brewery, distillery, boutique, salon, art studio, mechanic's shop, hobby space, event venue, or any business seeking a distinctive and memorable location. The combination of historical significance, prime location, and versatile space makes this a truly exceptional opportunity.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Total area 4,716 SF
Lot 0.34 ac (14,810 SF)
Zoning code HIGHCOM
APN 001-11-27-151-014-00
UPID US43-1258748
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
MCMASTER SALES & SERVICE INC
MCMASTER SALES & SERVICE INC
Zoning & alternative use
HIGHCOM · Concord, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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