72 E Michigan Ave, Galesburg, MI 49053 - Valuation report, cap rates, free data
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72 E Michigan Ave, Galesburg, MI 49053

Indicative value *
$0.3M - $0.4M
* This indicative valuation is based on sales of other properties in the area, where data is available (see interactive map in the Sales Transactions tab below). For more accurate valuation, please request
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C
Overall location
score
28
Value decline
risk score
54
Value growth
potential score
  • Residential district area with 84% of people residing in the area and 16% commuting here for work
  • Gentrifying area
  • A number of amenities in the area, but not many
  • Area has average popularity with foot traffic score of 56 (out of 100)
  • Not on higway, but relatively close, highway score is 62 (out of 100)
  • A number of amenities within walking distance but not many, including restaurants Koffee Klutch, Andrea's Cafe And Pizza Too, Pizza King
  • Low retail growth
  • Low household income of $34,826/year in 0.3mi and medium household income of $54,531/year in 3mi
  • Low population density of 984/sq.mi. in 0.3mi and 211/sq.mi. in 3mi
  • Limited public transit with transit score of 0 (out of 100)
  • Limited business growth
  • Population has low level of education with 10% of people with bachelor degrees
  • Small-sized business tenants in the area, including Logiquip LLC, Isringhausen, Michigan Grower Products Inc.
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    Size
    Price
    $/SF
    Estimated
    cap rate
    Date
    Type
    15000
    145
    7.27
    03/31/20
    Retail
    12035
    180
    5.88
    03/31/20
    Retail
    15270
    24
    25.54
    01/07/20
    Retail
    14703
    168
    8.69
    09/25/19
    Retail
    7342
    56
    22.38
    08/13/19
    Retail
    9000
    44
    30.51
    11/15/18
    Retail
    19519
    17
    82.39
    06/29/18
    Retail
    6000
    33
    35.08
    10/24/17
    Retail
    6588
    7
    66.14
    09/05/17
    Retail
    12533
    103
    03/21/17
    Retail
    Estimated cap rates are calculated assuming current average market rents, market vacancy, and average costs for each property. Actual cap rates may differ substantially if the property had lower or higher rents than average for the market, or had a higher or lower than market vacancy, or costs
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