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Property profile & analytics
OFF-MARKET Estimated value $1,510,000
Strip malls

243 Main St Plymouth, MI 48170-1238

17,319 SF 1.48 ac lot Built 1984
Entity Owned 12-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US43-1821157
Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1984
Total area 17,319 SF
Lot 1.48 ac (64,469 SF)
Zoning code B-3
APN 49-005-10-0106-003
UPID US43-1821157
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.51M
Blend (final) Blend
$1.51M
Owner & transaction history
Charlestowne Square LLC · 12 yrs held
Charlestowne Square LLC
since 2014
3 recorded transactions
2021
Price N/A
2017
Price N/A
2014
Price N/A
Zoning & alternative use
B-3 · Plymouth, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

hotels, since extended stay motels in the B-3 zoning district directly cross-references these regulations. While extended stay facilities used to be associated with crime, the modern version 24 often provides accommodations for business travelers. A separate use could be defined and used. • Consider decreasing the required 40 foot front yard setback for auto…

Zone name General Business
General category COMMERCIAL
Zone area 16.08 ac
Top alternative use upside
Commercial (general) $1.9M +38.0%
Restaurant $1.8M +30.1%
Office building $1.7M +22.1%
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