Financial
Distress signals
Property profile

40401 Michigan Ave Canton, MI 48188

OFF-MARKET
Grocery and convenience stores
Property ID
US43-0721919
2,400 SF 0.84 ac lot Built 1990
Last sale Jun 2023 · $750,000
Individually Owned Owner of record is an individual. 3-yr Hold Held for 3 years. Free & Clear No active or open recorded mortgage detected.
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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?
$18k
Tax billed · 2023
Assessed value · 2024$362k
Effective rate5.00%

Value estimate

· Sep 2026
$935k
$842k – $1.03M
Submarket $/SF estimate$895k

Realmo valuation models over county records and 7 qualifying comparable sales.

Recently sold

What actually traded nearby?
$80/SF
County average, outlier-cleaned · 116 recorded sales of this use type
Observed band · Q1–Q3$48 – $108
Qualifying comparables7

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
C-4
C-2, COMMUNITY COMMERCIAL DISTRICT ARTICLE 16.00. - C-2, COMMUNITY COMMERCIAL DISTRICT Expand ARTICLE 17.00. - C-3, REGIONAL COMMERCIAL D...
General categoryCOMMERCIAL
JurisdictionWAYNE

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 agency23.0
Restaurant18.6
Law Firm17.3

Location

40401 Michigan Ave Canton, MI 48188-2915
County assessor Recorded deeds · 5 transfers 7 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

1 recorded sale · 17 properties nearby
Recent sales nearby
1 recorded sale in this ZIP, last 8 years
Address Sale price Sold Size
44431 Michigan, Canton, MI 48188-2433 $1,350,000 Aug 2019 1,925 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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