Financial
Distress signals
Property profile

8603 Water St Montague, MI 49437

OFF-MARKET
Commercial real estate
Property ID
US43-1365920
1,920 SF 0.46 ac lot Built 1983
Last sale Mar 2025 · $184,000
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 exceptional 0.46-acre commercial property at 8603 Water Street in Montague, Michigan, presents a remarkable investment opportunity. Situated in the heart of downtown Montague, this building boasts a prime location directly behind Ellenwood Landing Estates & Marina and the Public Boat Launch. Its proximity to the Montague Farmers & Artesian Markets and the Bike Trail ensures high visibility and foot traffic. The building's rich history includes serving as the Montague Post Office, a

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?
$5k
Tax billed · 2023
Assessed value · 2024$80k
Effective rate6.71%

Value estimate

· Sep 2026
$310k
$279k – $341k

Realmo valuation models over county records and 10 qualifying comparable sales.

Recently sold

What actually traded nearby?
$78/SF
County average, outlier-cleaned · 409 recorded sales of this use type
Observed band · Q1–Q3$35 – $136
Qualifying comparables10

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?
R-1B SI
JurisdictionMUSKEGON

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Repair Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Repair Shop10.5
Auto Parts Store10.2
Kitchen & Bath9.6

Location

8603 Water St Montague, MI 49437-1396
County assessor Recorded deeds · 2 transfers 10 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
10150 Us Hwy 31, Montague, MI 49437-9558 $115,000 Aug 2024 3,000 SF
8800 Fry, Montague, MI 49437-1293 $250,000 Apr 2023 1,950 SF
4574 Dowling, Montague, MI 49437-1265 $90,000 Oct 2022 2,100 SF
8691 Water, Montague, MI 49437-1205 $90,000 Oct 2022 1,754 SF
4976 Dowling, Montague, MI 49437-1191 $215,000 Jul 2021 1,752 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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