Financial
Distress signals
Property profile

122 W Superior St Wayland, MI 49348

FOR SALE
Retail space
Property ID
US43-2377881
2,944 SF 0.07 ac lot Built 1950
Last sale Feb 2023 · $280,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This downtown Wayland commercial storefront property provides 3,136 square feet of retail-oriented space along W Superior Street. The building includes a storefront with large windows and an open display area, with interior support from multiple private offices and secure storage/vault space, plus an ADA-accessible restroom. Building systems and interior features include updated flooring, an updated ceiling grid with LED lighting, fresh interior paint, and the presence of a dry basement with

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?
$2k
Tax billed · 2023
Assessed value · 2024$138k
Assessed land$11k
Assessed improvement$127k
Effective rate1.69%

Value estimate

· Sep 2026No data for this section
What is it worth?

No value estimate could be modeled: the record carries too little market input for this parcel.

Recently sold

What actually traded nearby?
$127/SF
County average, outlier-cleaned · 58 recorded sales of this use type
Observed band · Q1–Q3$41 – $220
Qualifying comparables3

Cap rate analysis

How does the asset earn?
8.73%
$31k 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: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency17.8
Law Firm13.5
Hair Salon11.6

Location

122 W Superior St Wayland, MI 49348
County assessor Recorded deeds · 4 transfers 3 qualifying comp sales 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

6 recorded sales · 10 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
133 Superior, Wayland, MI 49348-1137 $220,000 May 2025 6,200 SF
118 Maple St, Wayland, MI 49348-1211 $120,000 Mar 2025 No data
142 Main, Wayland, MI 49348-1209 $335,000 Aug 2023 6,820 SF
125 Main, Wayland, MI 49348-1208 $95,000 May 2023 1,750 SF
129 Superior, Wayland, MI 49348-1137 $275,000 Mar 2023 1,808 SF
114 Pne, Wayland, MI 49348-1281 $75,000 Nov 2020 2,100 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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