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    Property profile & analytics

    6215 Edgewater Dr Erie, MI 48133-9406

    • Turn key restaurants
    • 2,645 SF
    • 0.70 lot acres
    OFF-MARKET
    Value Estimation
    $325,000
    Last Sale
    May 08, 2023
    $280,000
    Location Intelligence
    Property ID
    US43-1399246
    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

    • Tony’s Quarterdeck / Restaurant / Bar

    Property Details for 6215 Edgewater Dr

    Year built
    1986
    Lot size
    0.70 lot acres
    Property size
    2,645 SF
    Property type
    Turn key restaurants
    APN
    05-103-005-00
    APU
    510300500

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $330,000

    • CAP approach

      CAP return
      Estimation
      6%
      $315,000
      6.5%
      $280,000
      7%
      $315,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $340,000
      Geo Method
      $315,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $315,000
      Retail
      $375,000
      Mixed-Use
      $385,000
      Hospitality
      $385,000
      Educational
      $325,000
      Residential Income
      $355,000
      Energy
      $315,000
      Income-Based Land
      $280,000
      Food Service
      $325,000

    Location Insight

    • Map
    • Local Demand
    City
    Erie
    County
    Monroe
    State
    Michigan
    Longitude
    -83.4635
    Latitude
    41.7327
    CBSA code
    33780
    CBSA name
    MONROE, 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
    2023
    $6,641
    $0.00
    $0.00
    $151,366
    -
    $0.00
    $0.00
    $302,732

    Comparable in this City

    • Value Estimation by Request
      1,214 SF

      9767 Dixie Hwy

      RESTAURANT • 1,214 SF
      9767 Dixie Hwy, Erie, MI 48133-9232
      View Details
    • Value Estimation by Request
      10,226 SF

      6630 Dixie Hwy

      RESTAURANT • 10,226 SF
      6630 Dixie Hwy, Erie, MI 48133-9221
      View Details
    • Value Estimation by Request
      3,163 SF

      9788 Dixie Hwy

      RESTAURANT • 3,163 SF
      9788 Dixie Hwy, Erie, MI 48133-9232
      View Details
    • Value Estimation by Request
      5,076 SF

      11191 Telegraph Rd

      RESTAURANT • 5,076 SF
      11191 Telegraph Rd, Erie, MI 48133-9749
      View Details
    • Value Estimation by Request
      6,180 SF

      6880 Telegraph Rd

      RESTAURANT • 6,180 SF
      6880 Telegraph Rd, Erie, MI 48133-9639
      View Details
    • Value Estimation by Request
      5,764 SF

      6339 Edgewater Dr

      RESTAURANT • 5,764 SF
      6339 Edgewater Dr, Erie, MI 48133-9406
      View Details

    Similar Nearby for Sale

    • $895,000
      5,076 SF

      Established Restaurant with Outdoor Patios

      Turn-key Mexican restaurant with potential and outdoor space for sale.
      11191 Telegraph Rd, Erie, MI 48133
      View Details
    • $2,000,000
      8,000 SF

      Turnkey Supermarket Opportunity on Dixie Hwy

      Profitable, established supermarket business and real estate for sale.
      9875 S Dixie Hwy, Monroe, MI 48133
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    • $895,000
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      Erie Mexican Restaurant - Turnkey Opportunity

      Established eatery, 5,076 sq ft, 5.67 acres.
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    • $250,000
      6.50 Acres

      Industrial Land Near Ohio Border

      6.5 acre industrial land parcel on the Ohio-Michigan border.
      American Rd, Erie, MI 48133
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    • $2,900,000

      Erie, MI Land Opportunity

      Land available in Erie, MI.
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    • $125,000
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      Erie Industrial Office Building

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      View Details
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    Erie, MI 48133-9406
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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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