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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
Last sale Mar 2024 · $105,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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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.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2020

What does the county charge?
$2k
Tax billed · 2020
Assessed value · 2023$40k
Effective rate5.19%

Value estimate

· Oct 2026
$130k
$117k – $143k

Realmo valuation models over county records.

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

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

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.

JurisdictionVAN BUREN

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand index
Realty agency10.8
HVAC Service9.4
Auto Parts Store8.9

Location

107 Delaware St Decatur, MI 49045-1131
County assessor Recorded deeds · 9 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

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
104 Phelps, Decatur, MI 49045-1118 $55,000 Apr 2025 2,666 SF
117 Phelps, Decatur, MI 49045-1117 $10,000 Feb 2025 1,288 SF
119 Phelps, Decatur, MI 49045-1117 $54,900 Jul 2023 1,788 SF
130 Phelps, Decatur, MI 49045-1118 $60,000 Nov 2022 2,320 SF
47447 M 51, Decatur, MI 49045-9016 $159,000 Aug 2020 3,924 SF
413 Delaware, Decatur, MI 49045-9257 $50,000 May 2019 1,440 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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