Financial
Distress signals
Property profile

2380 S Patterson Rd Shelbyville, MI 49344

FOR SALE
Warehouses
Property ID
US43-2091560
1,716 SF 0.24 ac lot Built 2001
Last sale Jul 2025 · $22,000
Individually Owned Owner of record is an individual. 1-yr Hold Held for 1 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This 1,900 square foot industrial building in Shelbyville, Michigan, presents a unique investment opportunity. Located at 2380 S Patterson, the property boasts a highly desirable location within walking distance of a bank, grocery store, Gun Lake launch site, and a park. The 0.04-acre lot includes a valuable 14-foot easement providing convenient access to boat docking or direct park access, offering stunning lake views. The building's versatility allows for a range of potential uses, subject…

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?
$1k
Tax billed · 2023
Assessed value · 2024$35k
Assessed land$8k
Assessed improvement$27k
Effective rate3.78%

Value estimate

· Sep 2026
$115k
$104k – $127k
AI approach$125k
NOI build-up
Gross scheduled income$22k
Vacancy & credit loss−$1k
Operating expenses−$9k
NOI · 6.53% cap applied$11k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$98/SF
County average, outlier-cleaned · 51 recorded sales of this use type
Observed band · Q1–Q3$20 – $193

Cap rate analysis

How does the asset earn?
6.53%
$11k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionALLEGAN

Location intelligence

Which uses thrive at this corner?
Best fit: Dental Office
Demand index
Dental Office9.8
Parking Facility9.7
Wholesale Shop9.5

Location

2380 S Patterson Rd Shelbyville, MI 49344
County assessor Recorded deeds · 4 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

5 recorded sales · 6 properties nearby
Recent sales nearby
5 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
43 122nd, Shelbyville, MI 49344-9710 $280,000 Aug 2022 29,638 SF
2434 Maraleighde, Shelbyville, MI 49344 $52,750 May 2022 11,360 SF
124th, Shelbyville, MI 49344 $125,000 Dec 2021 29,700 SF
124th, Shelbyville, MI 49344 $90,000 Dec 2020 5,120 SF
4550 Cir Inn, Shelbyville, MI 49344-9445 $750,000 Aug 2020 3,640 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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