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Financial
Distress signals
Property profile

108 W Higham St Saint Johns, MI 48879

FOR SALE
Medical Office Space
Property ID
US43-4319530
3,600 SF 0.43 ac lot Built 1900
Entity Owned Owner of record is a legal entity (LLC / corporation). 8-yr Hold Held for 8 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

Located in downtown St. Johns, this commercial property includes an 18,000-square-foot building on a 0.78-acre lot, accompanied by an adjacent vacant parcel and an owned billboard. The building is configured as a fully built medical office with multiple exam rooms, reception areas, and ADA-compliant restrooms. It is designed for flexible occupancy, with multiple separate suites and private entrances, supporting either multi-tenant use or a single user with expanded space. Additional…

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.

Debts

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 · 2022

What does the county charge?
$10k
Tax billed · 2022
Assessed value · 2024$342k
Assessed land$14k
Assessed improvement$328k
Effective rate2.89%

Value estimate

· Oct 2026
$315k
$284k – $347k
AI approach$315k
NOI build-up
Gross scheduled income$297k
Vacancy & credit loss−$65k
Operating expenses−$58k
NOI · 28.99% cap applied$174k

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

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?
28.99%
$174k 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?
CBD
JurisdictionCLINTON

Location intelligence

Which uses thrive at this corner?
Best fit: Restaurant
Demand index
Restaurant11.2
HVAC Service11.2
Parking Facility11.2

Location

108 W Higham St Saint Johns, MI 48879
County assessor Recorded deeds · 1 transfer 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

3 recorded sales · 6 properties nearby
Recent sales nearby
3 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
210 State, Saint Johns, MI 48879-1564 $140,000 Jun 2024 2,437 SF
1014 Clinton, Saint Johns, MI 48879-1092 $480,000 Jul 2022 3,102 SF
1505 Waterford, Saint Johns, MI 48879-9630 $300,000 Jan 2021 4,539 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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