Financial
Distress signals
Property profile

731 W Michigan Ave Saline, MI 48176

FOR SALE
Other commercial real estate
Property ID
US43-1554223
0.43 ac lot Built 1956
Last sale Sep 2023 · $350,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This property is a two-suite strip mall featuring retail space supported by a commercial kitchen, including refrigeration coolers and a prep area. The rear of the building includes a large overhead door and an extensive storage area, providing additional flexibility within the existing layout. The building was constructed in 1956 and historically operated as a cellular store; its existing configuration may support continued retail use or food-service-related operations subject to applicable

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 · 2019

What does the county charge?
$8k
Tax billed · 2019
Assessed value · 2024$147k
Effective rate5.42%

Value estimate

· Sep 2026
$335k
$302k – $369k
NOI build-up
Gross scheduled income$100k
Vacancy & credit loss−$12k
Operating expenses−$26k
NOI · 8.21% cap applied$62k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$143/SF
County average, outlier-cleaned · 178 recorded sales of this use type
Observed band · Q1–Q3$71 – $231

Cap rate analysis

How does the asset earn?
8.21%
$62k 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-3
This district is intended to accommodate office, business service, and retailusesthat serve a larger market than C-1 district including t...
General categoryCOMMERCIAL
JurisdictionWASHTENAW

Location intelligence

Which uses thrive at this corner?
Best fit: HVAC Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
HVAC Service10.2
Wholesale Shop9.4
Tailor Shop9.1

Location

731 W Michigan Ave Saline, MI 48176
County assessor Recorded deeds · 1 transfer 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
101 Ann Arbor, Saline, MI 48176-1143 $201,995 Feb 2025 No data
8300 Boettner, Saline, MI 48176-9828 $375,000 Nov 2024 No data
121 Keveling, Saline, MI 48176-1197 $160,000 Jun 2024 No data
8994 Austin, Saline, MI 48176-8970 $150,000 Jan 2024 2,217 SF
224 Michigan, Saline, MI 48176-1327 $400,000 Dec 2023 1,604 SF
1377 Teft, Saline, MI 48176-1687 $1,800,000 Jun 2023 No data
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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