Property profile

301 Michigan Ave Albion, MI 49224

OFF-MARKET
Office buildings
Property ID
US43-2261431
24,791 SF 1.13 ac lot Built 1926
Entity Owned Absentee Owner Free & Clear
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1926
Total area 24,791 SF
Lot 1.13 ac (49,005 SF)
Zoning code MU
APN 51-000-449-00
UPID US43-2261431

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
  • Medical Clinic
  • Dental Office
  • Dental Office

Location

301 Michigan Ave Albion, MI 49224-1739
Albion metro Census 3500 BATTLE CREEK, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.74M
Blend (final) Blend
$890k

Owner & transaction history

Zoning & alternative use

MU · Albion, MI
Zoning description

MU district is intended to accommodate a mix of single-family and multiple-family residential uses, mixed uses, and business and office uses in addition to other compatible uses which support the primary uses in the dist…

General category MIXED_USE
Top alternative use upside
Restaurant $2.1M +22.7%

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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