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    Property profile & analytics

    113 Main St Ovid, MI 48866-5122

    • Bars
    • 2,250 SF
    • 0.11 lot acres
    OFF-MARKET
    Value Estimation
    $310,000
    Location Intelligence
    Property ID
    US43-2197560
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • main bar & grill / Bar

    Property Details for 113 Main St

    Year built
    1990
    Lot size
    0.11 lot acres
    Property size
    2,250 SF
    Zone code
    B-1
    Property type
    Bars
    Property subtype
    Pubs
    APN
    580-000-013-025-00
    APU
    58000001302500

    Description

    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.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Ovid
    County
    Clinton
    State
    Michigan
    Longitude
    -84.3721
    Latitude
    43.0057
    CBSA code
    29620
    CBSA name
    LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $2,039
    $3,200
    $64,400
    $67,600
    -
    $6,400
    $128,800
    $135,200

    Comparable in this City

    • Value Estimation by Request
      2,250 SF

      113 Main St

      BAR, TAVERN • 2,250 SF
      113 Main St, Ovid, MI 48866-5122
      View Details
    • Value Estimation by Request
      4,250 SF

      Main St

      BAR, TAVERN • 4,250 SF
      Main St, Ovid, MI 48866
      View Details
    • Value Estimation by Request
      1,870 SF

      125 Main St

      RESTAURANT • 1,870 SF
      125 Main St, Ovid, MI 48866-5101
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      2,025 SF

      126 Main St

      RESTAURANT • 2,025 SF
      126 Main St, Ovid, MI 48866
      View Details
    • Value Estimation by Request
      3,168 SF

      132 Main St

      RESTAURANT • 3,168 SF
      132 Main St, Ovid, MI 48866-5102
      View Details
    • Value Estimation
      $365,000
      3,168 SF

      132 Main St

      RESTAURANT • 3,168 SF
      132 Main St, Ovid, MI 48866-5102
      View Details

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    Ovid, MI 48866-5122
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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