Technical
Financial
Distress signals
Property profile

120 Main St Elsie, MI 48831

OFF-MARKET
Retail properties & Spaces
Property ID
US43-2509454
1,378 SF 0.06 ac lot
Individually Owned 14-yr Hold Free & Clear
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Property profile

Verified
Property type Retail properties & Spaces
Use group NURSERY, GREENHOUSE, FLORIST
Total area 1,378 SF
Lot 0.06 ac (2,831 SF)
Zoning code C-1
APN 061-130-001-007-01
UPID US43-2509454

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
  • Production Facility Textile Manufacturer
  • Hair Salon

Location

120 Main St Elsie, MI 48831-5105
Elsie metro Census 10702 LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$275k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$275k

Owner & transaction history

since 2011
4 recorded transactions
2011
$11,544
2009
$11,000
2009
Price N/A
2005
$35,000

Zoning & alternative use

C-1 · Elsie, MI
Zoning description

Sec. 15-309. C-1 Downtown Commercial district. The purpose of the Downtown Commercial district is to provide for commercial uses in Elsie's established downtown development district that will strengthen the downtown's po…

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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