Financial
Distress signals
Property profile

116 Michigan Ave Grass Lake, MI 49240

OFF-MARKET
Retail residential properties
Property ID
US43-1225082
1,936 SF 0.02 ac lot
Last sale Feb 2006 · $200,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 6-yr Hold Held for 6 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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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 · 2022

What does the county charge?
$2k
Tax billed · 2022
Assessed value · 2023$47k
Effective rate5.08%

Value estimate

· Sep 2026
$160k
$144k – $176k

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

Recently sold

What actually traded nearby?
$67/SF
County average, outlier-cleaned · 47 recorded sales of this use type
Observed band · Q1–Q3$33 – $105
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?
CBD
JurisdictionJACKSON

Location intelligence

Which uses thrive at this corner?
Best fit: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office10.5
Building Supply9.0
Auto Repair Shop8.9

Location

116 Michigan Ave Grass Lake, MI 49240-9680
County assessor Recorded deeds · 3 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
104 Michigan, Grass Lake, MI 49240-9680 $250,000 Dec 2024 2,992 SF
121 Michigan, Grass Lake, MI 49240-9680 $210,000 Nov 2023 3,500 SF
108 Michigan, Grass Lake, MI 49240-9680 $180,000 Feb 2022 1,902 SF
110 Michigan, Grass Lake, MI 49240-9680 $225,000 Nov 2019 1,936 SF
113 Michigan, Grass Lake, MI 49240-9680 $135,000 Aug 2019 2,220 SF
106 Michigan, Grass Lake, MI 49240-9680 $115,000 Feb 2019 1,738 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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