Financial
Distress signals
Property profile

518 Michigan Ave Three Rivers, MI 49093

OFF-MARKET
Other commercial real estate
Property ID
US43-2041143
1,344 SF 0.09 ac lot
Last sale Aug 2025 · $50,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

A renovated commercial building in Three Rivers with a lot size of 0.09 acres and a total building area of 1,344 square feet. The property has undergone major exterior and interior updates, including a newer roof, new siding, new framing, and new insulation, along with updated electrical and plumbing and a new HVAC system with central air. The interior is configured with an open floor plan and large front windows that admit natural light, and includes a loft area used for storage. The building…

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?
$2k
Tax billed · 2023
Assessed value · 2024$31k
Assessed land$10k
Assessed improvement$21k
Effective rate6.09%

Value estimate

· Sep 2026
$60k
$54k – $66k
AI approach$60k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$52/SF
ZIP average, outlier-cleaned · 38 recorded sales of this use type
Observed band · Q1–Q3$28 – $79
Qualifying comparables3

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?
B-2
It is intended to provide for the establishment of commercial and service activities which draw from and serve customers from the entire ...
General categoryCOMMERCIAL
JurisdictionST JOSEPH

Location intelligence

Which uses thrive at this corner?
Best fit: Parking Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Parking Facility10.9
Kitchen & Bath10.3
HVAC Service9.9

Location

518 Michigan Ave Three Rivers, MI 49093-2129
County assessor Recorded deeds · 2 transfers 3 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
10249 Lucas, Three Rivers, MI 49093-8536 $100,000 May 2025 3,880 SF
310 Us Hwy 131, Three Rivers, MI 49093-8835 $128,000 Apr 2025 2,310 SF
618 Main, Three Rivers, MI 49093-1632 $15,000 Sep 2024 1,554 SF
850 Health, Three Rivers, MI 49093-8358 $510,000 May 2024 3,590 SF
416 Michigan, Three Rivers, MI 49093-2127 $90,000 May 2024 3,456 SF
1103 Michigan, Three Rivers, MI 49093-2162 $235,000 Apr 2024 2,881 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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