Technical
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Property profile

113 Michigan Ave Albion, MI 49224

OFF-MARKET
Turn key restaurants
Property ID
US43-2286925
560 SF 0.01 ac lot Built 1930
Individually Owned 2-yr Hold Free & Clear
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Property summary

AI-generated overview

This property consists of the first floor and basement of a three-story building, with the upper stories owned separately. The total interior area is 1,680 square feet and the lot size is 0.04 acres. The space was historically used as a pizzeria and is configured with a dining area that includes tables, booths, and chairs, along with commercial food-preparation equipment such as ovens, refrigerators, freezers, and coolers. Included equipment also features a Hobart commercial dough machine and meat slicer, ice makers, stainless steel prep counters, and storage racks. The basement provides extensive storage across the building’s length and includes a private office. Reported building systems include the furnace, plumbing, and electrical systems in good condition.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1930
Total area 560 SF
Lot 0.01 ac (610 SF)
Zoning code MU
APN 51-000-408-00
UPID US43-2286925

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

113 Michigan Ave Albion, MI 49224-1735
Albion metro Census 3500 BATTLE CREEK, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Owner & transaction history

since 2024
Last sale
$130,000
3 recorded transactions
2024
Price N/A
2012
$16,000
2011
$1,160

Zoning & alternative use

MU · Albion, MI
Zoning description

MU district is intended to accommodate a mix of single-family and multiple-family residential uses, mixed uses, and business and office uses in addition to other compatible uses which support the primary uses in the dist…

General category MIXED_USE

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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