Financial
Distress signals
Property profile

409 Connor St Onsted, MI 49265

FOR SALE
Other commercial real estate
Property ID
US43-1157571
2,390 SF 0.31 ac lot Built 1990
Last sale Apr 2023 · $600,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property at 409 and 415 Connor Street in Onsted consists of two multifamily buildings containing seven total apartments. Each unit is configured with two bedrooms and one bathroom. Renovations include bathroom updates throughout all units, and selected apartments have upgraded kitchens featuring quartz countertops, updated cabinetry, sinks, subway tile, and appliances. The buildings received a roof and eaves replacement in 2020. Additional improvements include patio dividers, oak railings,

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included 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$73k
Effective rate4.76%

Value estimate

· Sep 2026
$620k
$558k – $682k

Realmo valuation models over county records and 9 qualifying comparable sales.

Recently sold

What actually traded nearby?
$60/SF
ZIP average, outlier-cleaned · 22 recorded sales of this use type
Observed band · Q1–Q3$50 – $71
Qualifying comparables9

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?
CI
JurisdictionLENAWEE

Location intelligence

Which uses thrive at this corner?
Best fit: Wholesale Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Wholesale Shop9.6
Auto Parts Store9.5
HVAC Service9.5

Location

409 Connor St Onsted, MI 49265
County assessor Recorded deeds · 4 transfers 9 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
7993 Us Hwy 12, Onsted, MI 49265-9833 $199,900 May 2025 3,120 SF
257 Main, Onsted, MI 49265-9682 $100,000 Apr 2025 2,529 SF
300 Connor St, Onsted, MI 49265-9503 $240,000 Mar 2023 2,464 SF
8958 M 50, Onsted, MI 49265-9461 $320,000 Jan 2023 1,821 SF
7980 Us Hwy 12, Onsted, MI 49265-9823 $300,000 Sep 2020 3,750 SF
11495 Us Hwy 223, Onsted, MI 49265-9562 $25,000 Jun 2019 2,592 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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