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    OFF-MARKET
    Bars & Pubs

    113 Main St, Ovid, MI 48866-5122

    2,250 SF 0.11 ac lot Built 1990
    Entity Owned 8-yr Hold Free & Clear
    Property ID
    US43-2197560
    Property summary
    AI-generated overview

    This exceptional commercial property, located at 113 S Main St in Ovid, Michigan, presents a remarkable investment opportunity. The building, constructed in 1870, boasts a substantial 2,924 square feet of space spread across two stories, situated on a 0.06-acre lot. Currently vacant, this storefront offers immense flexibility for a variety of uses, including medical offices, salons, or personal service businesses. The main floor provides ample space for retail or office use, while the second floor offers flexible space adaptable to various needs. A large, dry basement provides significant storage capacity. The property's asking price is $139,000, translating to $47.54 per square foot. The property's APN is 580-000-018-012-00. Its location in Ovid, Clinton County, MI, 48866, offers excellent visibility and accessibility. This is a rare chance to acquire a substantial commercial building with significant potential in a desirable location. The property is listed as a modified lease type. The building's size and layout make it ideal for a variety of commercial ventures. Don't miss this opportunity to own a piece of Ovid's commercial landscape.

    Property profile
    Verified
    Property type Bars & Pubs
    Use group BAR, TAVERN
    Year built 1990
    Total area 2,250 SF
    Lot 0.11 ac (5,009 SF)
    Zoning code B-1
    APN 580-000-013-025-00
    UPID US43-2197560
    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
    • main bar & grill Bar & Pub
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    113 North Main LLC · 8 yrs held
    113 North Main LLC
    since 2017
    1 recorded transaction
    2017
    Zoning & alternative use
    B-1 · Ovid, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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