314 Main St Durand, MI 48429-1707
Property profile & analytics
314 Main St, Durand, MI 48429-1707
- Strip malls
- 3,672 SF
- 0.56 lot acres
Property ID
US43-2340612
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.
Location Intelligence
Current Use by Public Records
- Strip malls
Property Details for 314 Main St
- Year built
- 1979
- Lot size
- 0.56 lot acres
- Zone code
- R-2
- Property type
- Strip malls
- Property subtype
- Shopping centers
- APN
- 020-12-010-001
- APU
- 2012010001
Description
This vacant three-unit mini-plaza, totaling 3,672 square feet, presents a compelling value-add investment opportunity in Durand, Michigan. Located at 314 E Main St, this property boasts excellent street frontage and ample parking, situated conveniently east of downtown Durand, across from residential neighborhoods and near Durand Union Station. Built in 1979, the single-story building sits on a 0.56-acre lot and is classified as Class D. Currently vacant, the property offers a pro-forma NOI of $36,720 and a pro-forma cap rate of 36.72%, representing significant upside potential for the investor. The asking price is $100,000, translating to $27.23 per square foot. The property's three units provide flexibility for a variety of uses, including restaurants, salons, or retail stores. This is an ideal opportunity for an owner-user or investor seeking a strong return on investment in a desirable location. The property's APN is 020-12-010-001-00. The property is currently vacant and offers a blank canvas for a new owner to create a thriving retail space.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Durand
- County
- Shiawassee
- State
- Michigan
- Longitude
- -83.9822
- Latitude
- 42.9107
- 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
2024
$4,563
$0.00
$0.00
$72,810
-
$0.00
$0.00
$145,620
