$399,900 1,900 SF

111 W Michigan Ave, Augusta, MI 49012
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A restaurant property configured as a diner is located in downtown Augusta at 111 W Michigan Ave, with frontage and visibility along Michigan Avenue and surrounded by nearby commercial and residential rooftops. The space includes a commercial kitchen with dedicated prep areas, refrigeration, and a cooking line, along with dining room furnishings. The property is offered with included furniture, fixtures, and equipment, which supports operation as a diner concept, and it is suitable for an…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2019

What does the county charge?

$4k

Tax billed · 2019

Assessed value · 2023$96k

Effective rate4.17%

Value estimate

· Oct 2026

$290k

$261k – $319k

NOI build-up

Gross scheduled income$42k

Vacancy & credit loss−$1k

Operating expenses−$12k

NOI · 7.17% cap applied$29k

Realmo valuation models over county records and 11 qualifying comparable sales.

Recently sold

What actually traded nearby?

$79/SF

County average, outlier-cleaned · 325 recorded sales of this use type

Observed band · Q1–Q3$38 – $123

Qualifying comparables11

Cap rate analysis

How does the asset earn?

7.17%

$29k 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?

VILLAGE

JurisdictionKALAMAZOO

Location intelligence

Which uses thrive at this corner?

Best fit: Parking Facility

Demand heat for this use is drawn on the map · LocInt grid

Demand index

Parking Facility9.6

Wholesale Shop9.4

Building Supply9.4

111 W Michigan Ave Augusta, MI 49012

County assessor Recorded deeds · 3 transfers 11 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

6 recorded sales · 6 properties nearby

Address Sale price Sold Size

506 Michigan, Augusta, MI 49012-9308 $325,000 Apr 2025 2,500 SF

111 Fayette, Augusta, MI 49012-9757 $285,000 Mar 2025 No data

100 Webster, Augusta, MI 49012-9776 $110,000 Aug 2022 2,800 SF

301 Michigan, Augusta, MI 49012-9306 $118,000 Mar 2022 No data

102 Augusta, Augusta, MI 49012-9654 $150,000 Mar 2022 No data

203 Cass, Augusta, MI 49012-8603 $120,000 Oct 2021 3,394 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.

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