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Financial
Distress signals
Property profile

1523 Saint Clair River Dr Algonac, MI 48001

FOR SALE
Other commercial real estate
Property ID
US43-4566934
4,564 SF 0.17 ac lot Built 1965
Last sale Jan 2023 · $550,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This downtown Algonac multi-family building contains seven residential units in 4,565 square feet, situated on a 0.17-acre lot. The unit mix includes one two-bedroom unit, five one-bedroom units, and one flat. River views are available from front windows and a front porch area, and the building sits adjacent to a church and a city building, reflecting a central downtown setting. The property has separate utility metering for gas and electric, with a designated dumpster area for trash disposal.…

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.

Debts

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?
$6k
Tax billed · 2023
Assessed value · 2024$112k
Effective rate5.53%

Value estimate

· Oct 2026
$730k
$657k – $803k
NOI build-up
Gross scheduled income$437k
Vacancy & credit loss−$35k
Operating expenses−$181k
NOI · 37.18% cap applied$221k

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$91/SF
County average, outlier-cleaned · 67 recorded sales of this use type
Observed band · Q1–Q3$47 – $140
Qualifying comparables5

Cap rate analysis

How does the asset earn?
37.18%
$221k 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?
R-2
Ord. No. 96-5, § 300, 3-5-1996) Sec. 50-34. - Zoning districts. For the purposes of this article, the city is hereby divided into the fol...
General categoryRESIDENTIAL
JurisdictionSAINT CLAIR

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency18.1
Dental Office14.4
Law Firm13.9

Location

1523 Saint Clair River Dr Algonac, MI 48001
County assessor Recorded deeds · 10 transfers 5 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

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
408 Pointe Tremble, Algonac, MI 48001-1805 $310,000 Sep 2024 4,520 SF
6211 Pointe Tremble, Clay, MI 48001-4292 $320,000 Dec 2023 3,448 SF
1200 Fruit, Clay, MI 48001-2317 $400,000 Nov 2023 6,000 SF
1070 Summer, Algonac, MI 48001-1210 $925,000 Aug 2022 5,952 SF
1091 Fruit, Algonac, MI 48001-1205 $925,000 Aug 2022 6,976 SF
801 Saint Clair Riv, Algonac, MI 48001-9991 $455,000 Apr 2020 3,588 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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