Financial
Distress signals
Property profile

200 Main St Addison, MI 49220

OFF-MARKET
Other commercial real estate
Property ID
US43-2577258
6,860 SF 0.25 ac lot
Last sale Jan 2020 · $400,000
Entity Owned Owner of record is a legal entity (LLC / corporation). Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property consists of a 4,183-square-foot building located on a corner site at US-127 and Main Street in the Village of Addison. The building is zoned C-1 and is configured to support a range of retail-oriented uses, including potential conversion to a convenience store with a 28-foot by 10-foot walk-in cooler, a laundromat based on existing gas and water line setups, or a carry-out restaurant with an existing hood in place. The building includes an upstairs area that could be used as…

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?
$8k
Tax billed · 2023
Assessed value · 2024$185k
Effective rate4.21%

Value estimate

· Sep 2026
$1.41M
$1.27M – $1.55M
CAP approach$870k

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

Recently sold

What actually traded nearby?
$61/SF
County average, outlier-cleaned · 280 recorded sales of this use type
Observed band · Q1–Q3$34 – $95
Qualifying comparables5

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

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionLENAWEE

Location intelligence

Which uses thrive at this corner?
Best fit: Furniture Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Furniture Store8.2
Wholesale Shop7.9
Nail Salon7.5

Location

200 Main St Addison, MI 49220-9707
County assessor Recorded deeds · 6 transfers 5 qualifying comp sales Zoning catalog · not on file

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
17075 Us Hwy 223, Addison, MI 49220-9725 $550,000 Nov 2024 11,200 SF
122 Steer, Addison, MI 49220-9400 $353,400 Oct 2024 4,448 SF
8311 Us Hwy 127, Addison, MI 49220-9300 $982,500 Jan 2023 6,673 SF
210 Main, Addison, MI 49220-9793 $65,000 Jun 2021 8,842 SF
110 Main, Addison, MI 49220-9808 $30,000 Oct 2019 6,882 SF
6155 Us Hwy 223, Addison, MI 49220-9733 $365,000 Jun 2019 8,715 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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