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    Property profile & analytics

    17 W Main St Grant, MI 49327

    • Turn key restaurants
    • 2,142 SF
    • 0.08 lot acres
    For Sale
    View listing
    $300,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-3408990
    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

    • Turn key restaurants

    Property Details for 17 W Main St

    Lot size
    0.08 lot acres
    Property size
    2,142 SF
    Zone code
    LOCAL ZONE
    Property type
    Turn key restaurants
    APN
    22-24-128-012
    APU
    2224128012

    Description

    This exceptional 2,142 square foot industrial property, located at 17 W Main in Grant, Michigan, presents a unique investment opportunity. Currently configured as a restaurant, this versatile space boasts significant recent electrical upgrades, including commercial-grade hoods and specialized equipment, such as a corn tortilla maker. The existing setup offers a seamless transition for a similar culinary business, or the space could be easily adapted to suit a variety of other industrial or commercial uses. The property sits on a conveniently sized 0.08-acre lot, providing ample space for operations and potential expansion. The asking price is $320,000, and flexible terms are available for qualified buyers. A significant advantage is the potential to acquire the adjacent property at 21 W Main Street as a package deal, offering substantial expansion possibilities or the opportunity to create a synergistic business model. This prime location in Grant, MI offers excellent visibility and accessibility, making it an ideal choice for entrepreneurs and investors seeking a profitable venture. Serious inquiries are encouraged to explore the full potential of this remarkable property and the possibility of a combined purchase. The property is ready for immediate occupancy and offers a strong return on investment. Don't miss this chance to own a piece of Grant's vibrant commercial landscape.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Grant
    County
    Newaygo
    State
    Michigan
    Longitude
    -85.811
    Latitude
    43.3353
    CBSA code
    24340
    CBSA name
    GRAND RAPIDS-WYOMING, 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
    $2,032
    $0.00
    $0.00
    $36,100
    -
    $0.00
    $0.00
    $72,200

    Comparable in this City

    • Value Estimation by Request
      1,544 SF

      15 Main St

      RESTAURANT • 1,544 SF
      15 Main St, Grant, MI 49327-9005
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      6,640 SF

      11530 Mason Dr

      RESTAURANT • 6,640 SF
      11530 Mason Dr, Grant, MI 49327-8660
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    • Value Estimation by Request
      3,296 SF

      13495 Mason Dr

      AUTO REPAIR, GARAGE • 3,296 SF
      13495 Mason Dr, Grant, MI 49327-8848
      View Details
    • Value Estimation by Request
      10,032 SF

      12535 Mason Dr

      WHOLESALE OUTLET, DISCOUNT STORE • 10,032 SF
      12535 Mason Dr, Grant, MI 49327-9661
      View Details
    • Value Estimation by Request
      14,400 SF

      33 State Rd

      GROCERY, SUPERMARKET • 14,400 SF
      33 State Rd, Grant, MI 49327-9752
      View Details
    • Value Estimation by Request
      6,154 SF

      121 Frnt St

      SHOW ROOM, WAREHOUSE • 6,154 SF
      121 Frnt St, Grant, MI 49327-9001
      View Details

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    17 W Main St
    Grant, MI 49327
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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