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Property profile & analytics
FOR SALE
Grocery and convenience stores
17176 W Spring Lake Rd Spring Lake, MI 49456
Entity Owned
~
Est. High Equity
Property ID
US43-2628666
For Sale
1 / 26
$399,900
17176 W Spring Lake Rd, Spring Lake, MI 49456
View Listing →
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1946
Total area
1,738 SF
Lot
0.1 ac (4,312 SF)
Zoning code
IL-0
APN
70-03-15-103-002
UPID
US43-2628666
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Reef Convenience Store Grocery & Convenience Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Spring Lake Land Holdings LLC
Spring Lake Land Holdings LLC
since 2025
4 recorded transactions
Zoning & alternative use
IL-0 · Spring Lake, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Spring Lake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Spring Lake submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$3,288
Tax year 2022
Assessed value
$84,900
Assessed 2023
Previous assessed
$73,100
+16.1% YoY
Effective rate
3.87%
On assessed value
Total market value
$169,800
Applied tax rate
51.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
For Sale
Year built
1946
Heating
FORCED AIR
Buildings
1
Stories
1
Total area
1,738 SF
Lot
0.1 ac (4,312 SF)
Zoning code
IL-0
APN
70-03-15-103-002
UPID
US43-2628666
Jurisdiction
OTTAWA
Zoning & alternative use
IL-0 · Spring Lake, MI
Zoning IL-0 · permitted uses
IL-0 · Spring Lake, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Spring Lake. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1946
Heating
FORCED AIR
Stories
1
Buildings
1
Lot
0.1 ac
Current owner
From public records · entity-resolved
Spring Lake Land Holdings LLC
Entity
Mailing address
3266 BLF CRK DR, HAMILTON, MI 49419-9599
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 17, 2025
$181,600
Spring Lake Land Holdings LLC
Sanders Properties LLC
Warranty Deed
—
Jul 9, 2010
—
Sanders Properties LLC
Bd Property Investments LLC
Warranty Deed
$107,900 · Macatawa Bank
Jun 3, 2008
—
Bd Property Investments LLC
Chmelik Enterprises LLC
Warranty Deed
$186,000 · Macatawa Bank
May 23, 2005
$130,000
Chmelik Enterprises LLC
Reef Party Store LLC
Warranty Deed
$140,000 · Macatawa Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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