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    Property profile & analytics

    116 Ovid St Elsie, MI 48831-5122

    • Retail space
    • 1,344 SF
    • 0.04 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Sep 22, 2022
    $32,000
    Location Intelligence
    Property ID
    US43-2359243
    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

    • MG's Perx and Pastries / Restaurant / Cafe

    Property Details for 116 Ovid St

    Lot size
    0.04 lot acres
    Property size
    1,344 SF
    Zone code
    C-1
    Property type
    Retail space
    APN
    061-190-001-011-01
    APU
    6119000101101

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Elsie
    County
    Clinton
    State
    Michigan
    Longitude
    -84.3869
    Latitude
    43.0892
    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
    $364
    $700
    $15,800
    $16,500
    -
    $1,400
    $31,600
    $33,000

    Comparable in this City

    • Value Estimation by Request
      756 SF

      109 Ovid St

      RETAIL STORES (PERSONAL SERVICES) • 756 SF
      109 Ovid St, Elsie, MI 48831-5110
      View Details
    • Value Estimation by Request
      3,080 SF

      119 Main St

      RETAIL STORES (PERSONAL SERVICES) • 3,080 SF
      119 Main St, Elsie, MI 48831-5113
      View Details
    • Value Estimation by Request
      1,610 SF

      108 Main St

      RETAIL STORES (PERSONAL SERVICES) • 1,610 SF
      108 Main St, Elsie, MI 48831-5105
      View Details
    • Value Estimation by Request
      1,628 SF

      114 Ovid St

      STORE, RETAIL OUTLET • 1,628 SF
      114 Ovid St, Elsie, MI 48831
      View Details
    • Value Estimation by Request
      2,030 SF

      129 Main St

      RETAIL STORES (PERSONAL SERVICES) • 2,030 SF
      129 Main St, Elsie, MI 48831
      View Details
    • Value Estimation
      $195,000
      693 SF

      Bldg In Aly Aly

      RETAIL STORES (PERSONAL SERVICES) • 693 SF
      Bldg In Aly Aly, Elsie, MI 48831
      View Details
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    116 Ovid St
    Elsie, MI 48831-5122
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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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