Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    123 Michigan Ave Edgerton, OH 43517-9322

    • Retail space
    • 2,860 SF
    • 0.08 lot acres
    OFF-MARKET
    Value Estimation
    $100,000
    Last Sale
    Apr 03, 2024
    $108,700
    Location Intelligence
    Property ID
    US66-3142925
    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

    • Retail space

    Property Details for 123 Michigan Ave

    Year built
    1920
    Lot size
    0.08 lot acres
    Property size
    2,860 SF
    Property type
    Retail space
    APN
    061-280-04-021.000
    APU
    6128004021000

    Description

    This exceptional single-tenant property, located at 123 N Michigan Ave in Edgerton, Ohio (zip code 43517), offers 1,300 to 1,600 square feet of versatile space ideal for retail or creative office use. Situated in the heart of downtown Edgerton, this historically preserved building is renowned for its unique character and charm. Features include original tiger oak cabinetry, real wood floors, and a distinctive tin roof, creating a captivating atmosphere. The property is served by City of Edgerton power. The exact square footage may vary slightly depending on the inclusion of cabinetry in the measurement. This property presents a rare opportunity to lease (with potential for lease-to-own options) a truly distinctive space in a thriving Ohio community. Lease terms are negotiable and adaptable to the tenant's specific needs and preferences. The property is classified as both retail and office space, making it suitable for a wide range of businesses. Its central location within the Edgerton submarket, part of the Bryan, Ohio submarket cluster, ensures excellent visibility and accessibility. This is a chance to secure a unique and historically significant commercial space in a desirable location.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $110,000

    • CAP approach

      CAP return
      Estimation
      6%
      $90,000
      6.5%
      $90,000
      7%
      $95,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $75,000
      Geo Method
      $75,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $90,000
      Retail
      $70,000
      Mixed-Use
      $85,000
      Hospitality
      $90,000
      Educational
      $95,000
      Residential Income
      $75,000
      Energy
      $95,000
      Income-Based Land
      $85,000
      Food Service
      $75,000

    Location Insight

    • Map
    • Local Demand
    City
    Edgerton
    County
    Williams
    State
    Ohio
    Longitude
    -84.7485
    Latitude
    41.4491

    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
    $881
    $2,660
    $12,290
    $14,950
    -
    $7,600
    $35,100
    $42,700

    Comparable in this City

    • Value Estimation
      $335,000
      1,902 SF

      108 Vine St

      RETAIL STORES (PERSONAL SERVICES) • 1,902 SF
      108 Vine St, Edgerton, OH 43517-8606
      View Details
    • Value Estimation
      $195,000
      4,680 SF

      163 Michigan Ave

      RETAIL STORES (PERSONAL SERVICES) • 4,680 SF
      163 Michigan Ave, Edgerton, OH 43517-9322
      View Details
    • Value Estimation
      $220,000
      1,760 SF

      3392 State Rte 49

      RETAIL STORES (PERSONAL SERVICES) • 1,760 SF
      3392 State Rte 49, Edgerton, OH 43517
      View Details
    • Value Estimation by Request
      1,380 SF

      113 Michigan Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,380 SF
      113 Michigan Ave, Edgerton, OH 43517-9322
      View Details
    • Value Estimation by Request
      1,340 SF

      174 Michigan Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,340 SF
      174 Michigan Ave, Edgerton, OH 43517-9393
      View Details
    • Value Estimation by Request
      3,360 SF

      138 Michigan Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,360 SF
      138 Michigan Ave, Edgerton, OH 43517-9393
      View Details

    Similar Nearby for Sale

    • $197,500

      Duplex with Upgrades and Yard

      Two-unit duplex with recent upgrades, yard, and garage access.
      313 N Elm St, Edgerton, OH 43517
      View Details
    • Contact for pricing
      3,102 SF

      Former Medical Clinic For Sale

      3,102 SF former medical clinic with ample parking.
      104 N West St, Edgerton, OH 43517
      View Details
    • $380,000

      38-Acre Tillable Land Opportunity

      Productive 38-acre tillable land suitable for farming or estate.
      00 County Rd, Edgerton, OH 43517
      View Details
    • Contact for pricing

      28,800 SF Industrial Warehouse

      Industrial warehouse with finished office and outside storage potential.
      118 Industrial Dr, Edgerton, OH 43517
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    123 Michigan Ave
    Edgerton, OH 43517-9322
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.