Financial
Distress signals
Property profile

1011 E Michigan Ave Paw Paw, MI 49079

FOR SALE
Retail space
Property ID
US43-2272439
3,054 SF 1 ac lot Built 1940
Last sale May 2014 · $68,000
Individually Owned Owner of record is an individual. 2-yr Hold Held for 2 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

Commercial building located in Paw Paw, Michigan on 1.21 acres, positioned on a high-traffic street just east of downtown. The property includes fenced storage space. The main building contains 2,123 square feet of finished area and is serviced by 3-phase electric. A pole building constructed in 2023 provides approximately 3,054 square feet of total building area, including a tall garage door suitable for RV storage, concrete flooring, and an attached lean-to. The roof system was converted to a sloped roof and features new shingles installed in 2025.

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?
$4k
Tax billed · 2020
Assessed value · 2023$56k
Effective rate6.45%

Value estimate

· Sep 2026
$70k
$63k – $77k
NOI build-up
Gross scheduled income$23k
Vacancy & credit loss−$554
Operating expenses−$3k
NOI · 6.41% cap applied$19k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$93/SF
County average, outlier-cleaned · 57 recorded sales of this use type
Observed band · Q1–Q3$43 – $167
Qualifying comparables3

Cap rate analysis

How does the asset earn?
6.41%
$19k 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?
CALL VILLAGE
JurisdictionVAN BUREN

Location intelligence

Which uses thrive at this corner?
Best fit: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply13.4
Wholesale Shop12.3
HVAC Service11.6

Location

1011 E Michigan Ave Paw Paw, MI 49079
County assessor Recorded deeds · 9 transfers 3 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
109 Gremps, Paw Paw, MI 49079-1331 $62,500 Nov 2024 2,384 SF
60902 M 51, Paw Paw, MI 49079-9769 $625,000 Jul 2024 3,604 SF
927 Michigan, Paw Paw, MI 49079-9488 $68,849 Feb 2024 3,250 SF
29530 M 43, Paw Paw, MI 49079-8407 $95,000 Jan 2024 2,204 SF
37687 Red Arrow, Paw Paw, MI 49079-9383 $175,000 May 2023 3,300 SF
32140 M 40, Paw Paw, MI 49079-8571 $1,400,000 Dec 2021 2,240 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?”
More about this property
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