Financial
Distress signals
Property profile

424 Adrian St Blissfield, MI 49228

OFF-MARKET
Commercial real estate
Property ID
US43-1083804
14,596 SF 1.3 ac lot Built 1851
Last sale Jun 2025 · $440,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. 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

This exceptional turnkey opportunity encompasses two thriving restaurants in Blissfield, Michigan: the Hathaway House and the Stable. This sale includes both established businesses, complete with all equipment, furniture, and fixtures. A valuable Michigan Resort Liquor Permit is also included, ensuring a seamless transition for the new owner. The property boasts a substantial 14,596 square feet of building space situated on a 1.47-acre lot (note: this acreage does not include two additional…

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?
$11k
Tax billed · 2023
Assessed value · 2024$347k
Effective rate3.28%

Value estimate

· Sep 2026
$885k
$797k – $974k
Submarket $/SF estimate$718k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$61/SF
ZIP average, outlier-cleaned · 21 recorded sales of this use type
Observed band · Q1–Q3$49 – $73

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-1
TheLocalCommercialZoningDistrictis intended to provide the Blissfield Community with a mixed use residential or office or retail zone
General categoryMIXED_USE
JurisdictionLENAWEE

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand index
Realty agency10.6
Auto Parts Store9.3
Kitchen & Bath9.1

Location

424 Adrian St Blissfield, MI 49228-1002
County assessor Recorded deeds · 5 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
108 Adrian, Blissfield, MI 49228-1202 $10,000 Dec 2024 6,944 SF
313 Adrian, Blissfield, MI 49228-1259 $300,000 Jun 2024 5,692 SF
7751 Us Hwy 223, Blissfield, MI 49228-9678 $44,000 May 2024 24,592 SF
108 Ln, Blissfield, MI 49228-1206 $300,000 Oct 2023 6,485 SF
121 Adrian, Blissfield, MI 49228-1247 $40,000 Aug 2023 6,776 SF
11119 Us Hwy 223, Blissfield, MI 49228-9564 $400,000 Apr 2023 8,400 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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