Realmo Analytics

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Property profile

101 Spring Arbor Rd Concord, MI 49237

FOR SALE
Retail space
Property ID
US43-1258748
4,716 SF 0.34 ac lot
Entity Owned Owner of record is a legal entity (LLC / corporation). Free & Clear No active or open recorded mortgage detected.
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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. …

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$2k
Tax billed · 2022
Assessed value · 2023$76k
Assessed land$76k
Effective rate3.01%

Value estimate

· Oct 2026
$305k
$275k – $336k
AI approach$305k
NOI build-up
Gross scheduled income$57k
Vacancy & credit loss−$10k
Operating expenses−$14k
NOI · 12.51% cap applied$33k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$68/SF
County average, outlier-cleaned · 104 recorded sales of this use type
Observed band · Q1–Q3$34 – $109
Qualifying comparables3

Cap rate analysis

How does the asset earn?
12.51%
$33k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
HIGHCOM
JurisdictionJACKSON

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand index
Realty agency9.8
Auto Repair Shop9.8
Building Supply9.3

Location

101 Spring Arbor Rd Concord, MI 49237
County assessor Recorded deeds · not on file 3 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

2 recorded sales · 6 properties nearby
Recent sales nearby
2 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
114 Main, Concord, MI 49237-9647 $25,000 Apr 2023 548 SF
107 Homer, Concord, MI 49237-9596 $46,000 Feb 2022 780 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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