Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    229 Main St Olivet, MI 49076-9465

    • Grocery and convenience stores
    • 1,849 SF
    • 0.76 lot acres
    OFF-MARKET
    Value Estimation
    $70,000
    Last Sale
    Jan 08, 2021
    $60,000
    Location Intelligence
    Property ID
    US43-2332611
    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

    • Exxon / Gas Station
    • LibertyX Bitcoin ATM / Atm
    • Double Nickel / Gas Station / Convenience Store
    • Olivet Petroleum / Fuel Supplier

    Property Details for 229 Main St

    Year built
    1958
    Lot size
    0.76 lot acres
    Property size
    1,849 SF
    Property type
    Grocery and convenience stores
    APN
    600 040 600 550 00
    APU
    60004060055000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $70,000

    • CAP approach

      CAP return
      Estimation
      6%
      $75,000
      6.5%
      $70,000
      7%
      $75,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $75,000
      Geo Method
      $65,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $60,000
      Retail
      $70,000
      Mixed-Use
      $65,000
      Hospitality
      $70,000
      Educational
      $75,000
      Residential Income
      $65,000
      Energy
      $75,000
      Income-Based Land
      $75,000
      Food Service
      $80,000

    Location Insight

    • Map
    • Local Demand
    City
    Olivet
    County
    Eaton
    State
    Michigan
    Longitude
    -84.9228
    Latitude
    42.4482
    CBSA code
    29620
    CBSA name
    LANSING-EAST LANSING, 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
    2023
    $5,323
    $0.00
    $0.00
    $91,519
    -
    $0.00
    $0.00
    $183,038

    Comparable in this City

    • Value Estimation by Request
      10,431 SF

      315 Main St

      Individual retail properties • 10,431 SF
      315 Main St, Olivet, MI 49076
      View Details
    • Value Estimation by Request
      4,600 SF

      715 Main St

      GROCERY, SUPERMARKET • 4,600 SF
      715 Main St, Olivet, MI 49076-9706
      View Details
    • Value Estimation by Request
      4,351 SF

      106 Main St

      RETAIL STORES (PERSONAL SERVICES) • 4,351 SF
      106 Main St, Olivet, MI 49076-9679
      View Details
    • Value Estimation by Request
      1,744 SF

      129 Main St

      RETAIL STORES (PERSONAL SERVICES) • 1,744 SF
      129 Main St, Olivet, MI 49076-9403
      View Details
    • Value Estimation
      $190,000
      7,569 SF

      116 Main St

      RETAIL STORES (PERSONAL SERVICES) • 7,569 SF
      116 Main St, Olivet, MI 49076-9403
      View Details
    • Value Estimation by Request
      630 SF

      103 Main St

      RETAIL STORES (PERSONAL SERVICES) • 630 SF
      103 Main St, Olivet, MI 49076-9403
      View Details

    Similar Nearby for Sale

    • $1,806,000
      10,500 SF

      New Retail Building For Sale

      New construction retail building with a 10-year corporate lease.
      315 N Main St, Olivet, MI 49076
      View Details
    • $850,000
      116.00 Acres

      116 Acres of Farmland

      116 acres of farmland near I-69 in Olivet, Michigan.
      V Dr N, Olivet, MI 49076
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    229 Main St
    Olivet, MI 49076-9465
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    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.

    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.

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.