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

    237 Michigan Ave Grass Lake, MI 49240-9459

    • Commercial real estate
    • 4,380 SF
    • 0.68 lot acres
    OFF-MARKET
    Value Estimation
    $350,000
    Last Sale
    Jun 13, 2023
    $325,000
    Location Intelligence
    Property ID
    US43-1553668
    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

    • Marco's Pizza / Pizza Restaurant / Takeout Restaurant
    • Farm Bureau Insurance - Shelbi Lyons / Insurance Agency
    • Farm Bureau / Jenkins Insurance Group LLC / Insurance Agency

    Property Details for 237 Michigan Ave

    Year built
    2005
    Lot size
    0.68 lot acres
    Property size
    4,380 SF
    Zone code
    CBD
    Property type
    Commercial real estate
    APN
    007-10-32-477-010-00
    APU
    7103247701000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $335,000

    • CAP approach

      CAP return
      Estimation
      6%
      $340,000
      6.5%
      $325,000
      7%
      $365,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $310,000
      Geo Method
      $415,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $395,000
      Retail
      $410,000
      Mixed-Use
      $430,000
      Hospitality
      $315,000
      Educational
      $390,000
      Residential Income
      $350,000
      Energy
      $360,000
      Income-Based Land
      $365,000
      Food Service
      $370,000

    Location Insight

    • Map
    • Local Demand
    City
    Grass Lake
    County
    Jackson
    State
    Michigan
    Longitude
    -84.2109
    Latitude
    42.2511
    CBSA code
    27100
    CBSA name
    JACKSON, 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
    $8,140
    $0.00
    $0.00
    $172,000
    -
    $0.00
    $0.00
    $344,000

    Comparable in this City

    • Value Estimation by Request

      11295 Cady Rd

      COMMERCIAL (GENERAL)
      11295 Cady Rd, Grass Lake, MI 49240-9773
      View Details
    • Value Estimation by Request
      7.00 Acres

      17999 Washburn Rd

      COMMERCIAL (GENERAL) • 7.00 Acres
      17999 Washburn Rd, Grass Lake, MI 49240-9616
      View Details
    • Value Estimation by Request

      4020 Clear Lk Rd

      COMMERCIAL (GENERAL)
      4020 Clear Lk Rd, Grass Lake, MI 49240-9221
      View Details
    • Value Estimation by Request
      1.76 Acres

      201 Lk St

      COMMERCIAL (GENERAL) • 1.76 Acres
      201 Lk St, Grass Lake, MI 49240-8600
      View Details
    • Value Estimation by Request
      2,536 SF

      Michigan Ave

      COMMERCIAL (GENERAL) • 2,536 SF
      Michigan Ave, Grass Lake, MI 49240
      View Details
    • Value Estimation by Request
      4.80 Acres

      12884 Trist Rd

      COMMERCIAL (GENERAL) • 4.80 Acres
      12884 Trist Rd, Grass Lake, MI 49240-9254
      View Details

    Similar Nearby for Sale

    • $150,000
      3.23 Acres

      Scenic Land in Grass Lake

      Gently rolling 3.23-acre parcel near Waterloo-Pinckney Recreation Area.
      unit Parcel C Seymour Rd, Grass Lake, MI 49240
      View Details
    • $150,000
      10.00 Acres

      Land For Sale Grass Lake

      10 acre land parcel available in Grass Lake, Michigan.
      Lot L Willis Rd, Grass Lake, MI 49240
      View Details
    • $315,000
      34.75 Acres

      34.75 Acres Agricultural Land

      34.75 acre agricultural land for sale in Grass Lake.
      34.75 Washburn Rd, Grass Lake, MI 49240
      View Details
    • $41,500
      1.10 Acres

      Grass Lake Acreage with Lake Access

      1.1 acre parcel with lake access and paved road.
      Lk Blf Lot, Grass Lake, MI 49240
      View Details
    • $1,200,000
      30 SF

      Equestrian Facility in Waterloo Area

      30-acre horse show facility with stabling for 182 horses.
      11500 Glenn Rd, Grass Lake, MI 49240
      View Details
    • $125,000

      Industrial Land Near I-94

      Industrial land parcels totaling 3.91 acres, ready for construction.
      Morrissey Rd, Grass Lake, MI 49240
      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.
    237 Michigan Ave
    Grass Lake, MI 49240-9459
    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.