Technical
Financial
Distress signals
Property profile

107 Delaware St Decatur, MI 49045

OFF-MARKET
Grocery and convenience stores
Property ID
US43-2095088
1,260 SF 0.35 ac lot Built 1940
Entity Owned 2-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

A mixed-use property located in downtown Decatur with approximately 6,680 square feet of above-grade space and an additional 3,340 square foot finished basement. The first floor and basement are configured as commercial space with space occupied by a single long-term tenant under an absolute net lease structure. The second floor contains three residential units. The commercial portion includes a billboard and has street-level visibility intended to support retail or service use; the area is described with a Bike Score of 47 and a Walk Score of 60.

Property profile

Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Year built 1940
Total area 1,260 SF
Lot 0.35 ac (15,159 SF)
APN 80-43-040-258-00
UPID US43-2095088

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Alternative Medicine Practice
  • (Bike/Boat/Book/etc) Store
  • Grocery & Convenience Store
  • Grocery & Convenience Store
  • Gas Station

Location

107 Delaware St Decatur, MI 49045-1131
Decatur metro Census 11601 KALAMAZOO-PORTAGE, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$130k

Owner & transaction history

since 2024
7 recorded transactions
2024
Price N/A
2024
$105,000
2024
Price N/A
2020
$390,000
2020
$155,000
2019
Price N/A
2013
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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