Property profile

218 Main St Chelsea, MI 48118

OFF-MARKET
Office buildings
Property ID
US43-0102553
4,897 SF 0.12 ac lot Built 1939
Entity Owned 18-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1939
Total area 4,897 SF
Lot 0.12 ac (5,271 SF)
Zoning code C5 CENT
APN 06-06-12-436-018
UPID US43-0102553

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
  • Brewery & Distillery Bar & Pub

Location

218 Main St Chelsea, MI 48118-1268
Chelsea metro Census 446200 ANN ARBOR, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$540k
Blend (final) Blend
$310k

Owner & transaction history

since 2007
5 recorded transactions
2018
Price N/A
2007
$333,000
2007
Price N/A
2006
$210,000
1969
Price N/A

Zoning & alternative use

C5 CENT · Chelsea, MI

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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