Financial
Distress signals
Property profile

227 E State St Hanover, MI 49241

FOR SALE
Day care centers
Property ID
US43-1648349
2,079 SF 1.67 ac lot
Last sale Jan 2021 · $60,000
Individually Owned Owner of record is an individual. 5-yr Hold Held for 5 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Saved · see the list in your Dashboard
Market Trends Soon

Property summary

AI-generated overview

The property in Hanover is a well-maintained building providing over 2,000 square feet of versatile indoor space on a 1.5+ acre lot. The building includes two-zone heating, a roof that has been replaced more recently, two bathrooms, and a functional kitchen area. On-site storage is supplemented by a storage shed measuring 10 feet by 16 feet. The layout and amenities are suited for a range of commercial and service uses, including professional office, retail, fitness studio, daycare, or other…

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 · 2020

What does the county charge?
$3k
Tax billed · 2020
Assessed value · 2023$59k
Effective rate4.69%

Value estimate

· Sep 2026
$65k
$59k – $72k
NOI build-up
Gross scheduled income$30k
Vacancy & credit loss−$7k
Operating expenses−$6k
NOI · 7.58% cap applied$17k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?
7.58%
$17k 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?
RS-1
JurisdictionJACKSON

Location intelligence

Which uses thrive at this corner?
Best fit: Building Supply
Demand index
Building Supply8.9
Auto Repair Shop8.7
Convenience Store8.3

Location

227 E State St Hanover, MI 49241
County assessor Recorded deeds · 6 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

2 properties nearby
Recent sales nearby
No comparable recorded sale in this ZIP
No comparable recorded sale in this ZIP. Our records hold no sale here we could set beside this property for the last 8 years. They are neighbours, not transactions.
Comparable nearby
2 properties of the same type nearby
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message