Property profile

340 Main St Spring Arbor, MI 49283

OFF-MARKET
Turn key restaurants
Property ID
US43-1675644
1,232 SF 0.54 ac lot Built 1950
Entity Owned 19-yr Hold Free & Clear
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1950
Total area 1,232 SF
Lot 0.54 ac (23,522 SF)
Zoning code C-1
APN 000-12-16-406-008-00
UPID US43-1675644

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
  • Restaurant

Location

340 Main St Spring Arbor, MI 49283-9617
Spring Arbor metro Census 5400 JACKSON, 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
by Request
Blend (final) Blend
$80k

Owner & transaction history

since 2007
1 recorded transaction
2007
$75,000

Zoning & alternative use

C-1 · Spring Arbor, MI
Zoning description

4.4.1 Local Commercial District (C-1): This district is designed to encourage planned and integrated groupings of stores that will retail convenience goods and provide personal services to meet regular and recurring need…

General category COMMERCIAL

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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