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    Property profile & analytics

    405 Main St Midland, MI 48640-5117

    • Turn key restaurants
    • 1,370 SF
    • 0.09 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US43-2081999
    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.

    Current Use by Public Records

    • Rancheritos / Mexican Restaurant
    • El Carretonero Mexican Restaurant / Mexican Restaurant

    Property Details for 405 Main St

    Year built
    1942
    Lot size
    0.09 lot acres
    Property size
    1,370 SF
    Zone code
    D
    Property type
    Turn key restaurants
    APN
    14-21-80-168
    APU
    142180168

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Midland
    County
    Midland
    State
    Michigan
    Longitude
    -84.2427
    Latitude
    43.6114
    CBSA code
    33220
    CBSA name
    MIDLAND, MI MICROPOLITAN 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
    2022
    $5,463
    $0.00
    $0.00
    $74,200
    -
    $0.00
    $0.00
    $148,400

    Comparable in this City

    • Value Estimation by Request
      3,396 SF

      238 Main St

      RESTAURANT • 3,396 SF
      238 Main St, Midland, MI 48640-5114
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      $230,000
      1,578 SF

      309 Dartmouth Dr

      RESTAURANT • 1,578 SF
      309 Dartmouth Dr, Midland, MI 48640-4549
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      $555,000
      3,240 SF

      416 Ellsworth St

      RESTAURANT • 3,240 SF
      416 Ellsworth St, Midland, MI 48640-5109
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    • Value Estimation by Request
      4,618 SF

      601 Saginaw Rd

      RESTAURANT • 4,618 SF
      601 Saginaw Rd, Midland, MI 48640-4610
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      $380,000
      10,616 SF

      1819 Saginaw Rd

      RESTAURANT • 10,616 SF
      1819 Saginaw Rd, Midland, MI 48640-6807
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    • Value Estimation by Request
      2,856 SF

      5015 Eastman Ave

      RESTAURANT • 2,856 SF
      5015 Eastman Ave, Midland, MI 48640-2511
      View Details

    Similar Nearby for Sale

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      Established business opportunity with a long history and loyal clientele.
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    Similar Nearby for Lease

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      Office Space in Midland, MI

      Office space for rent with ample parking and elevator access.
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    • $2,000 /Mo
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      Office Space in Midland, MI

      Office space for lease with utilities and internet included.
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    • $15 SF/Yr
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    Property Visit Statistics

    • Visits by month
      15.8k
    • Visitors by month
      11.3k
    • Avg Time on site
      17 min
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    405 Main St
    Midland, MI 48640-5117
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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