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Property profile & analytics
OFF-MARKET
Office buildings
106 Bellevue St, Leslie, MI 49251-9372
Individually Owned
1-yr Hold
Free & Clear
Property ID
US43-1721347
Property summary
AI-generated overview
This exceptional property at 106 E Bellevue Street in Leslie, MI, presents a unique opportunity for business owners and investors. The building, totaling 3,069 square feet, sits on a 0.04-acre lot and offers a versatile layout combining street-level retail/office space with a completely renovated loft apartment above. The entire building has undergone a comprehensive renovation, with both the retail area and the loft receiving a complete gutting and refurbishment. This means there are no deferred maintenance issues
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1887
Total area
3,069 SF
Lot
0.04 ac (1,655 SF)
Zoning code
B1 GEN
APN
33-17-14-21-454-017
UPID
US43-1721347
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
Current use
Occupant on record · Public records
-
Leslie Twp Fire Department Fire Station
-
1887 Media Newspaper & Magazine Television Studio
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Michael Crabtree · 1 yrs held
Michael Crabtree
since 2025
5 recorded transactions
Zoning & alternative use
B1 GEN · Leslie, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Leslie submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Leslie submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2021Property tax & assessments
Tax year 2021
Tax billed
$4,128
Tax year 2021
Assessed value
$49,100
Assessed 2023
Previous assessed
$43,050
+14.1% YoY
Effective rate
8.41%
On assessed value
Assessed land
$4,650
Assessed improvement
$44,450
Land market value
$9,300
Improvement market value
$88,900
Total market value
$98,200
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1887
Heating
YES
Stories
2
Total area
3,069 SF
Lot
0.04 ac (1,655 SF)
Zoning code
B1 GEN
APN
33-17-14-21-454-017
UPID
US43-1721347
Jurisdiction
INGHAM
Zoning & alternative use
B1 GEN · Leslie, MI
Zoning B1 GEN · permitted uses
B1 GEN · Leslie, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Leslie. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1887
Heating
YES
Stories
2
Lot
0.04 ac
Current owner
From public records · entity-resolved
Michael Crabtree
Individual
Free & Clear · 1 yrs held
Mailing address
3755 EDGAR RD, LESLIE, MI 49251-9779
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 16, 2025
—
Michael Crabtree
Thomas Preston
Deed
—
Dec 29, 2021
$60,000
Thomas Preston
Worthington Place Apartments LLC
Warranty Deed
—
Jun 17, 2020
—
Floyed Real Estate Invs LLC
—
Deed
related
$750,000 · Private Individual
Oct 3, 2019
$50,000
Worthington Place Apts LLC
City Of Leslie
Warranty Deed
—
—
—
Floyed Real Estate Invs LLC
—
Deed Of Trust
related
$750,000 · Private Individual
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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