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    Property profile

    140 Huron Ave Vassar, MI 48768

    OFF-MARKET
    Other commercial real estate
    Property ID
    US43-2015635
    0.12 ac lot
    Individually Owned 1-yr Hold Free & Clear
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    Property summary

    AI-generated overview

    The property is a movie theatre located in Vassar, Michigan, and has operated as a local landmark since 1937. The building comprises 4,972 square feet and sits on a 0.12-acre lot. It was updated in 2019 and includes a modern projection system and an upgraded JBL sound system. The interior features original architectural elements with tasteful upgrades, including imported gold and silver tile work in two public restrooms, for a total of three bathrooms. The facility is zoned for commercial use and is suitable for continued operation as a community theatre or for adaptation to other live performance, event, or creative/business uses. The sale was described as including theatre equipment, and an adjacent building is also identified as available.

    Property profile

    Verified
    Property type Other commercial real estate
    Use group COMMERCIAL (GENERAL)
    Lot 0.12 ac (5,227 SF)
    APN 051-500-109-0660-00
    UPID US43-2015635

    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
    • Cinema Theater & Performing Art Venue
    1 occupant on record

    Location

    140 Huron Ave Vassar, MI 48768-1313
    Vassar metro Census 900
    Google Maps

    Value estimations

    Realmo proprietary · 4 methods
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    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $70k

    Owner & transaction history

    since 2025
    Last sale
    $170,000
    3 recorded transactions
    2025
    $170,000
    2015
    Price N/A
    2015
    $138,000

    Comparables

    6 recent transactions · within 1.5 mi
    Comparable in this city
    6 recent transactions

    Comparable in this City

    • Value Estimation
      $125,000
      0.56 Acres
      112 Cass Ave
      COMMERCIAL (GENERAL)
      112 Cass Ave, Vassar, MI 48768-1305
      View Details
    • Value Estimation by Request
      0.20 Acres
      517 Goodrich St
      COMMERCIAL (GENERAL)
      517 Goodrich St, Vassar, MI 48768-9205
      View Details
    • Value Estimation by Request
      300 Huron Ave
      COMMERCIAL (GENERAL)
      300 Huron Ave, Vassar, MI 48768
      View Details
    • Value Estimation by Request
      0.06 Acres
      131 Huron Ave
      COMMERCIAL (GENERAL)
      131 Huron Ave, Vassar, MI 48768-1312
      View Details
    • Value Estimation
      $635,000
      0.51 Acres
      203 Main St
      COMMERCIAL (GENERAL)
      203 Main St, Vassar, MI 48768-1339
      View Details
    • Value Estimation
      $100,000
      0.16 Acres
      117 Main St
      COMMERCIAL (GENERAL)
      117 Main St, Vassar, MI 48768-1601
      View Details

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    Similar Nearby for Lease

    • $800/Mo
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      View Details
    • $800/Mo
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      37,000 sqft
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    Recent comparable sales
    Sale price & price/SF · Sale date & distance · Adjustments & confidence
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