Property profile

113 Main St Ovid, MI 48866

OFF-MARKET
Bars & Pubs
Property ID
US43-2197560
2,250 SF 0.11 ac lot Built 1990
Entity Owned 8-yr Hold Free & Clear
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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

Current use

Occupant on record · Public records
  • Bar & Pub

Location

113 Main St Ovid, MI 48866-5122
Ovid metro Census 11001 LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$280k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$280k

Owner & transaction history

since 2017
1 recorded transaction
2017
Price N/A

Zoning & alternative use

B-1 · Ovid, MI
Zoning description

DIVISION 5. - B-1 CENTRAL BUSINESS DISTRICT Sec. 36-254. - Intent. It is the intent of the B-1 Central Business District to provide for office buildings and the great variety of retail stores and related activities which…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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