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Property profile & analytics
OFF-MARKET
Auto shops
396 20th N St, Springfield, MI 49037-4816
Individually Owned
~
Est. High Equity
Property ID
US43-2670216
Property summary
AI-generated overview
This exceptional Springfield, MI property offers a unique blend of commercial and residential opportunities. Encompassing two lots (396 & 398 N 20th Street) totaling 0.5 acres, this 2,176 square foot property presents a versatile investment. The main feature is a substantial 46' x 28' pole barn, ideal for various uses such as a machine shop, vehicle repair facility, or hardware/parts store. Its previous use as a car lot highlights its suitability for businesses requiring ample space. A separate office building includes a half-bath, perfect for client interaction. Adding to the property's appeal is a beautifully remodeled home, offering immediate residential use or rental income potential. The property also boasts a 23k Generac generator, ensuring power reliability for the home, office, and pole barn. This turnkey operation is being sold as a single unit
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Total area
1,232 SF
Lot
0.25 ac (10,890 SF)
Zoning code
B-3
APN
54-290-003-00
UPID
US43-2670216
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Gelletich Brian
Gelletich Brian
since 2026
Last sale
$10,000
3 recorded transactions
Zoning & alternative use
B-3 · Springfield, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Springfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Springfield submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$1,340
Tax year 2022
Assessed value
$23,044
Assessed 2024
Previous assessed
$22,047
+4.5% YoY
Effective rate
5.81%
On assessed value
Total market value
$46,088
Applied tax rate
13,020.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Heating
FORCED AIR
Stories
1
Total area
1,232 SF
Lot
0.25 ac (10,890 SF)
Zoning code
B-3
APN
54-290-003-00
UPID
US43-2670216
Jurisdiction
CALHOUN
Zoning & alternative use
B-3 · Springfield, MI
Zoning B-3 · permitted uses
B-3 · Springfield, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Springfield. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
FORCED AIR
Stories
1
Lot
0.25 ac
Current owner
From public records · entity-resolved
Gelletich Brian
Individual
Mailing address
398 20TH ST N, SPRINGFIELD, MI 49037-4816
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 29, 2026
$240,000
Gelletich Brian
Nicole Chimner
Warranty Deed
$216,000 · Marshall Community Credit Union
Jan 24, 2024
—
Dennis Michael Chimner
Dennis Chimner
Intrafamily Transfer
related
—
May 7, 2010
$10,000
David Rose
Ronald D Lantz
Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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