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    Property profile & analytics

    116 Main St Olivet, MI 49076-9403

    • Retail space
    • 7,569 SF
    • 0.14 lot acres
    OFF-MARKET
    Value Estimation
    $190,000
    Last Sale
    Jul 07, 2022
    $185,000
    Location Intelligence
    Property ID
    US43-2011671
    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

    • Mary's Hair Care / Beauty Salon
    • U-Haul Neighborhood Dealer / Truck Rental Agency / Trailer Rental Service
    • Olivet Hardware / Hardware Store / Bottled Water Supplier
    • Relax & Breathe Massage / Massage Therapist
    • Olivet Pharmacy / Pharmacy

    Property Details for 116 Main St

    Lot size
    0.14 lot acres
    Property size
    7,569 SF
    Property type
    Retail space
    APN
    600 000 610 019 00
    APU
    60000061001900

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $205,000

    • CAP approach

      CAP return
      Estimation
      6%
      $185,000
      6.5%
      $165,000
      7%
      $170,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $155,000
      Geo Method
      $185,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $150,000
      Retail
      $150,000
      Mixed-Use
      $160,000
      Hospitality
      $165,000
      Educational
      $150,000
      Residential Income
      $175,000
      Energy
      $155,000
      Income-Based Land
      $145,000
      Food Service
      $190,000

    Location Insight

    • Map
    • Local Demand
    City
    Olivet
    County
    Eaton
    State
    Michigan
    Longitude
    -84.9234
    Latitude
    42.4469
    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
    2023
    $3,902
    $0.00
    $0.00
    $77,182
    -
    $0.00
    $0.00
    $154,364

    Comparable in this City

    • Value Estimation by Request
      4,351 SF

      106 Main St

      RETAIL STORES (PERSONAL SERVICES) • 4,351 SF
      106 Main St, Olivet, MI 49076-9679
      View Details
    • Value Estimation by Request
      1,744 SF

      129 Main St

      RETAIL STORES (PERSONAL SERVICES) • 1,744 SF
      129 Main St, Olivet, MI 49076-9403
      View Details
    • Value Estimation by Request
      630 SF

      103 Main St

      RETAIL STORES (PERSONAL SERVICES) • 630 SF
      103 Main St, Olivet, MI 49076-9403
      View Details
    • Value Estimation by Request
      3,690 SF

      119 Main St

      RETAIL STORES (PERSONAL SERVICES) • 3,690 SF
      119 Main St, Olivet, MI 49076-9403
      View Details
    • Value Estimation by Request
      5,895 SF

      205 Main St

      RETAIL STORES (PERSONAL SERVICES) • 5,895 SF
      205 Main St, Olivet, MI 49076-9497
      View Details
    • Value Estimation by Request
      2,442 SF

      215 Main St

      RETAIL STORES (PERSONAL SERVICES) • 2,442 SF
      215 Main St, Olivet, MI 49076-9465
      View Details

    Similar Nearby for Sale

    • $1,806,000
      10,500 SF

      New Retail Building For Sale

      New construction retail building with a 10-year corporate lease.
      315 N Main St, Olivet, MI 49076
      View Details
    • $850,000
      116.00 Acres

      116 Acres of Farmland

      116 acres of farmland near I-69 in Olivet, Michigan.
      V Dr N, Olivet, MI 49076
      View Details
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    116 Main St
    Olivet, MI 49076-9403
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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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