Financial
Distress signals
Property profile

4220 24Th Ave Fort Gratiot, MI 48059

FOR SALE
Commercial real estate
View Listing
Property ID
US43-4547399
5,786 SF 1.54 ac lot Built 2001
Last sale May 2024 · $2,250,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. Free & Clear No active or open recorded mortgage detected.
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Market Trends Soon

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?
$43k
Tax billed · 2023
Assessed value · 2024$803k
Effective rate5.31%

Value estimate

· Sep 2026
$2.25M
$2.03M – $2.48M
AI approach$2.25M
NOI build-up
Gross scheduled income$110k
Vacancy & credit loss−$3k
Operating expenses−$32k
NOI · 3.19% cap applied$75k

Realmo valuation models over county records.

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

Cap rate analysis

How does the asset earn?
3.19%
$75k 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?
C-2*
JurisdictionSAINT CLAIR

Location intelligence

Which uses thrive at this corner?
Best fit: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply15.4
Wholesale Shop13.5
Kitchen & Bath12.9

Location

4220 24Th Ave Fort Gratiot, MI 48059
County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file 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
3841 Pne Grv, Fort Gratiot, MI 48059-4216 $325,000 Dec 2023 4,393 SF
3991 24th, Fort Gratiot, MI 48059-4102 $595,000 Jul 2022 4,488 SF
4259 Gratiot, Fort Gratiot, MI 48059-3993 $360,000 May 2022 4,550 SF
5769 Lakeshore, Fort Gratiot, MI 48059-2816 $200,000 May 2021 3,890 SF
3024 Krafft, Fort Gratiot, MI 48059-3821 $630,000 Jul 2020 4,122 SF
3961 24th, Fort Gratiot, MI 48059-4102 $700,000 Nov 2019 5,121 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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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