Property profile

31011 M 60 Leonidas, MI 49066

FOR SALE
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Property ID
US43-2022501
4,431 SF 0.58 ac Built 2009
Last sale Dec 2008·$67,500
Individually Owned Owner of record is an individual. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
Market Trends Soon

Property summary

AI-generated overview

A commercial restaurant/bar building totaling approximately 4,431 square feet, including a Class A liquor license. The property was historically operated as a neighborhood bar and tavern and contains a spacious interior layout that can support hospitality uses subject to applicable local approvals. It is situated along the M-60 corridor with strong exterior presence and substantial road frontage, and it includes ample on-site parking for customer access. The building and site were offered in an…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$1k
Tax billed · 2023
Assessed value · 2024$43k
Assessed land$17k
Assessed improvement$26k
Effective rate3.03%

Value estimate

· Nov 2026
$185k
$167k – $204k
NOI build-up
Gross scheduled income$69k
Vacancy & credit loss−$3k
Operating expenses−$16k
NOI$49k

Realmo valuation models over county records and 27 qualifying comparable sales.

Recently sold

What actually traded nearby?
$51/SF
County average, outlier-cleaned · 78 recorded sales of this use type
Observed band · Q1–Q3$26 – $83
Qualifying comparables27

Cap rate analysis

How does the asset earn?
$49k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
COMMERCIAL
JurisdictionST JOSEPH

Location intelligence

Which uses thrive at this corner?
Best fit: Garden Center
Demand index
Garden Center8.2
Storage Facility8.2
Bed & Breakfast6.3

Location

31011 M 60 Leonidas, MI 49066
County assessor Recorded deeds · 5 transfers 27 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

4 recorded sales · 6 properties nearby
Recent sales nearby
4 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
53349 Fulton, Leonidas, MI 49066-9400 $20,000 May 2024 2,028 SF
31055 M 60, Leonidas, MI 49066-9432 $90,000 Jul 2023 1,828 SF
31012 M 60, Leonidas, MI 49066-9432 $16,000 Aug 2021 1,676 SF
30980 M 60, Leonidas, MI 49066-9412 $25,000 Jun 2021 1,610 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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