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Property profile & analytics
OFF-MARKET
Retail space
217 Main St, Potterville, MI 48876-5159
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US43-2040115
Property summary
AI-generated overview
This 2,520 square foot storefront at 217 W Main St, Potterville, MI 48876, is a fantastic opportunity for owner-users. Located in the heart of downtown, this vacant property enjoys a prime location just half a mile from Highway 69. The B-1 General Business zoning allows for a wide range of uses, including retail, office, medical, or restaurant establishments. The flexible floor plan includes a front retail area, two separate offices, a spacious open area, a bathroom, and rear storage. The property offers endless potential for customization to suit your specific business needs. While the asking price of $60,000 reflects the need for roof repair or replacement, the motivated seller is open to all offers, including land contracts. This property is easy to show and presents a compelling investment opportunity. Schedule a viewing today.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Total area
2,520 SF
Lot
0.05 ac (2,178 SF)
Zoning code
B-1 GENERAL BUS
APN
700 000 610 112 01
UPID
US43-2040115
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
-
Recognition Sales (Bike/Boat/Book/etc) 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
217 W Main LLC · 1 yrs held
217 W Main LLC
since 2024
3 recorded transactions
Zoning & alternative use
B-1 GENERAL BUS · Potterville, 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 Potterville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Potterville 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 2023Property tax & assessments
Tax year 2023
Tax billed
$1,987
Tax year 2023
Assessed value
$67,000
Assessed 2024
Previous assessed
$61,800
+8.4% YoY
Effective rate
2.97%
On assessed value
Total market value
$134,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Heating
FORCED AIR
Stories
1
Total area
2,520 SF
Lot
0.05 ac (2,178 SF)
Zoning code
B-1 GENERAL BUS
APN
700 000 610 112 01
UPID
US43-2040115
Jurisdiction
EATON
Zoning & alternative use
B-1 GENERAL BUS · Potterville, MI
Zoning B-1 GENERAL BUS · permitted uses
B-1 GENERAL BUS · Potterville, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Potterville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
FORCED AIR
Stories
1
Lot
0.05 ac
Current owner
From public records · entity-resolved
217 W Main LLC
Entity
Mailing address
310 PLEASANT ST, GRAND LEDGE, MI 48837-1547
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 26, 2024
$30,000
217 W Main LLC
Recognition Sales Too INC
Warranty Deed
—
Feb 11, 2011
$15,000
Recognition Sales Too INC
Cross Country Manufactured Home Sal
Warranty Deed
—
Feb 2, 2005
$25,500
Cross Country Manufactured Home Sal
Maple City Post #2406 Veterans Of F
Warranty Deed
—
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.
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