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Property profile & analytics
FOR SALE
Retail space
88 N Main St NE Cedar Springs, MI 49319
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US43-0511875
For Sale
1 / 31
$429,900
88 N Main St NE, Cedar Springs, MI 49319
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1900
Total area
3,916 SF
Lot
0.06 ac (2,788 SF)
Zoning code
B-2
APN
41-03-30-308-002
UPID
US43-0511875
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
$155k
Owner & transaction history
88 Main St Properties LLC · 1 yrs held
88 Main St Properties LLC
since 2025
Last sale
$330,000
7 recorded transactions
Zoning & alternative use
B-2 · Cedar Springs, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
DIVISION 8. - CENTRAL BUSINESS (B-2) Sec. 32-344. - Purpose. This district is intended to concentrate community retail and service activities in a single core area. The creation of this district reflects the city's commitment to strengthening the central business district as an economic center for the city and the neighboring communities. (Code 2009, § 40-29…
Zone name
Central Business
General category
COMMERCIAL
Zone area
4.35 ac
Source
code of ordinances
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 Cedar Springs submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cedar Springs 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
Method
Estimation
Statistic approach
$155,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$155k
Range $140k – $171k · ±10% · vs last sale $330k (Jan 28 2025)
Last sale anchor
$330k
Jan 28 2025
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$40 / SF
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 2019Property tax & assessments
Tax year 2019
Tax billed
$3,571
Tax year 2019
Assessed value
$86,600
Assessed 2023
Previous assessed
$91,700
-5.6% YoY
Effective rate
4.12%
On assessed value
Total market value
$173,200
Applied tax rate
37.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Sale
Year built
1900
Heating
FORCED AIR
Buildings
3
Stories
1
Total area
3,916 SF
Lot
0.06 ac (2,788 SF)
Zoning code
B-2
APN
41-03-30-308-002
UPID
US43-0511875
Jurisdiction
KENT
Zoning & alternative use
B-2 · Cedar Springs, MIZoning B-2 · permitted uses
B-2 · Cedar Springs, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
DIVISION 8. - CENTRAL BUSINESS (B-2) Sec. 32-344. - Purpose. This district is intended to concentrate community retail and service activities in a single core area. The creation of this district reflects the city's commitment to strengthening the central business district as an economic center for the city and the neighboring communities. (Code 2009, § 40-292; Ord. No. 53-A, § 14.01, 8-16-1982; Ord. No. 216 , § 1(40-292), 5-14-2019)
Zone name
Central Business
General category
COMMERCIAL
Zone area
4.35 ac
Source
code of ordinances
Building & site characteristics
From public records
Year built
1900
Heating
FORCED AIR
Stories
1
Buildings
3
Lot
0.06 ac
Current owner
From public records · entity-resolved
88 Main St Properties LLC
Entity
Mailing address
3540 HAMMER DR UNIT #205, GRAND RAPIDS, MI 49525-9589
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 28, 2025
$330,000
88 Main St Properties LLC
Greenway Properties LLC
Warranty Deed
—
Aug 11, 2021
$127,711
Sarah Bedgood
Estate Of Alex M Schreer
Personal Representative Deed
—
Aug 11, 2021
$160,000
Greenway Properties LLC
Sarah Bedgood
Warranty Deed
$128,000 · Lake Michigan Cu
Jul 13, 2016
—
Sarah K Cunningham
Schreer Alex
Grant Deed
—
Apr 12, 2012
$35,000
Alex M Schreer
Choice One Bk
Warranty Deed
—
May 27, 2010
$85,000
Choice One Bk
Sheriff Of Kent County
Trustees Deed
related
—
Mar 19, 2008
—
88 Main LLC
Gunneson,andrew M
Warranty Deed
—
Jan 11, 2008
—
Andrew M Gunneson
Sipple,irving M
Warranty Deed
$132,000 · Choice One Bank
Nov 28, 2005
—
Irving M Sipple
Smith,elizabeth
Quit Claim Deed
related
—
—
—
Irving Sipple
—
Deed Of Trust
related
$10,250 · Jon D Stout
—
—
Irving M Sipple
—
Deed Of Trust
related
$19,400 · Chemical Bank
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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