Financial
Distress signals
Property profile

106 E Adrian St Blissfield, MI 49228

FOR SALE
Other commercial real estate
Property ID
US43-1432848
1,574 SF 0.02 ac lot Built 1890
Last sale Sep 2024 · $26,474
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 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

The property at 106 E Adrian Street in Blissfield, Michigan is a two-level mixed-use building with commercial space on the ground floor and apartment space on the second floor. The ground-floor layout is suited to office or retail uses, while the upper level provides residential units that can be used for owner occupancy or rental. The building was constructed in 1890 and is zoned Commercial. The property requires renovation, allowing the existing configuration to be reworked for potential mixed-use, commercial occupancy, or a combination of business and residential uses.

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?
$707
Tax billed · 2023
Assessed value · 2024$18k
Effective rate3.91%

Value estimate

· Sep 2026
$75k
$68k – $83k
NOI build-up
Gross scheduled income$23k
Vacancy & credit loss−$2k
Operating expenses−$8k
NOI · 30.83% cap applied$13k

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?
30.83%
$13k 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-2
Thisdistrictis intended to encompass the retail, service, and administrative establishments which form the central businessdistrictand wh...
General categoryCOMMERCIAL
JurisdictionLENAWEE

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand index
Realty agency13.2
Dental Office11.8
Law Firm11.6

Location

106 E Adrian St Blissfield, MI 49228
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
117 Adrian, Blissfield, MI 49228-1201 $145,000 Jun 2025 2,660 SF
203 Ln, Blissfield, MI 49228-1242 $125,000 Nov 2024 2,476 SF
311 Adrian, Blissfield, MI 49228-1204 $35,000 Jun 2024 2,560 SF
177 Brooke, Blissfield, MI 49228-8601 $360,000 Dec 2023 3,600 SF
105 Jefferson, Blissfield, MI 49228-1266 $130,000 Nov 2023 1,664 SF
204 Ln, Blissfield, MI 49228-1243 $165,000 Feb 2023 3,090 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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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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