129 Main St Ovid, MI 48866
DIVISION 5. - B-1 CENTRAL BUSINESS DISTRICT Sec. 36-254. - Intent. It is the intent of the B-1 Central Business District to provide for office buildings and the great variety of retail stores and related activities which occupy prime retail frontage in the downtown area and serves comparison, convenience and service needs of the entire city as well as surrou…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
B-1 · Ovid, MIDIVISION 5. - B-1 CENTRAL BUSINESS DISTRICT Sec. 36-254. - Intent. It is the intent of the B-1 Central Business District to provide for office buildings and the great variety of retail stores and related activities which occupy prime retail frontage in the downtown area and serves comparison, convenience and service needs of the entire city as well as surrounding residential and agricultural area beyond the city limits. The district regulations are designed to promote convenient pedestrian shopping and stability of retail development by encouraging a contiguous retail frontage and by prohibiting automotive related, highway service and nonretail areas which tend to break up such continuity. (Code 1991, § 19-206; Ord. No. 83, § 11(intro.), 4-16-1984)
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.