Financial
Distress signals
Property profile

236 Sugar St Blissfield, MI 49228

FOR SALE
Commercial real estate
Property ID
US43-1128772
27,136 SF 1.48 ac lot Built 1930
Last sale Dec 2025 · $150,000
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

This exceptional industrial property in Blissfield, MI, offers 27,136 square feet of versatile space on a 1.88-acre lot. Originally built in 1930 and significantly renovated in 1985, this two-story building seamlessly blends historic charm with modern functionality. The main floor boasts ample storage with large bins, including a 30-foot bin and a 24-foot bin. Dedicated office and meeting spaces enhance the property's appeal, complemented by a full bath and a half bath for convenience. …

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?
$3k
Tax billed · 2023
Assessed value · 2024$114k
Effective rate2.55%

Value estimate

· Sep 2026
$70k
$63k – $77k
NOI build-up
Gross scheduled income$397k
Vacancy & credit loss−$40k
Operating expenses−$107k
NOI · 125.00% cap applied$250k

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?
125.00%
$250k 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?
I-1
Thisdistrictis designed to provide suitable space for light industrial uses which operate in a safe, non objectionable and efficient mann...
General categoryINDUSTRIAL
JurisdictionLENAWEE

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand index
Realty agency11.1
Law Firm10.6
Parking Facility10.0

Location

236 Sugar St Blissfield, MI 49228
County assessor Recorded deeds · 2 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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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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