Financial
Distress signals
Property profile

11191 Telegraph Rd Erie, MI 48133

FOR SALE
Turn key restaurants
Property ID
US43-0918378
5,076 SF 5.67 ac lot Built 1998
Last sale Jun 2014 · $614,200
Entity Owned Owner of record is a legal entity (LLC / corporation). 10-yr Hold Held for 10 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a 5,076-square-foot building previously used as a Mexican restaurant. It is configured for restaurant operations and includes equipment and fixtures, along with relevant restaurant licenses. The exterior features two outdoor patios with views over private outdoor settings.

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?
$13k
Tax billed · 2023
Assessed value$313k
Effective rate4.13%

Value estimate

· Sep 2026
$690k
$621k – $759k
NOI build-up
Gross scheduled income$71k
Vacancy & credit loss−$5k
Operating expenses−$16k
NOI · 5.52% cap applied$49k

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

Recently sold

What actually traded nearby?
$80/SF
County average, outlier-cleaned · 28 recorded sales of this use type
Observed band · Q1–Q3$47 – $121
Qualifying comparables3

Cap rate analysis

How does the asset earn?
5.52%
$49k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

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.

JurisdictionMONROE

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand index
Realty agency9.2
Plumbing Service8.8
Pharmacy8.5

Location

11191 Telegraph Rd Erie, MI 48133
County assessor Recorded deeds · 2 transfers 3 qualifying comp sales 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
6437 Telegraph, Erie, MI 48133-9432 $152,500 Apr 2025 2,228 SF
3949 Mi State Rd 151, Erie, MI 48133-9800 $1,300,000 Sep 2024 7,233 SF
6215 Edgewater, Erie, MI 48133-9406 $280,000 May 2023 2,645 SF
10813 Telegraph, Erie, MI 48133-9749 $230,000 Mar 2022 5,437 SF
9875 Dixie, Erie, MI 48133-9332 $150,000 Jun 2020 7,200 SF
6333 Dixie, Erie, MI 48133-9226 $750,000 Apr 2019 10,026 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?”
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