101 Spring Arbor Rd Concord, MI 49237
For Sale
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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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
HIGHCOM · Concord, MIConcord. Always verify with local authorities before improvements.
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.