Financial
Distress signals
Property profile

10973 Gratiot St Casco, MI 48064

FOR SALE
Grocery and convenience stores
Property ID
US43-4512770
4,108 SF 0.22 ac lot
Individually Owned Owner of record is an individual. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This mixed-use property consists of a 2,600-square-foot building configured to support both residential and commercial uses, with an upstairs living arrangement and commercial space on the lower level. The building is in need of updates and minor repairs. The property is located in a busy, expanding area with proximity to multiple shopping destinations.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$3k
Tax billed · 2023
Assessed value · 2024$109k
Effective rate2.53%

Value estimate

· Sep 2026
$390k
$351k – $429k
NOI build-up
Gross scheduled income$31k
Vacancy & credit loss−$2k
Operating expenses−$11k
NOI · 6.08% cap applied$18k

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$71/SF
County average, outlier-cleaned · 71 recorded sales of this use type
Observed band · Q1–Q3$37 – $108
Qualifying comparables6

Cap rate analysis

How does the asset earn?
6.08%
$18k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
B-2
JurisdictionSAINT CLAIR

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm12.4
Garden Center10.0
Furniture Store9.8

Location

10973 Gratiot St Casco, MI 48064
County assessor Recorded deeds · 1 transfer 6 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

5 recorded sales · 6 properties nearby
Recent sales nearby
5 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
7855 Fred W Moore, Casco, MI 48064-1531 $3,750,000 Dec 2024 1,664 SF
3504 Palms Rd, Casco, MI 48064-2102 $70,000 Apr 2024 No data
9422 Marine City, Casco, MI 48064-4212 $250,000 Nov 2021 9,150 SF
10377 Lindsey, Casco, MI 48064-2213 $150,000 Dec 2020 7,648 SF
10751 Gratiot, Casco, MI 48064-1009 $162,500 Feb 2019 7,200 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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