Financial
Distress signals
Property profile

112 E 3Rd St Imlay City, MI 48444

FOR SALE
Other commercial real estate
Property ID
US43-4380500
3,784 SF 0.08 ac lot
Last sale Aug 2008 · $100,000
Individually Owned Owner of record is an individual. 7-yr Hold Held for 7 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property at 112 E Third Street in Imlay City is a historic storefront building with 3,784 square feet of interior space. Built in 1890, it was later rebuilt and renovated and includes contemporary utility systems with fire suppression. The interior layout features multiple entrances suited to different commercial configurations. The building is positioned for downtown Main Street exposure and has substantial capacity for power, water, and natural gas. Independent utilities and separate

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?
$1k
Tax billed · 2023
Assessed value · 2024$21k
Effective rate5.77%

Value estimate

· Sep 2026
$105k
$95k – $116k
NOI build-up
Gross scheduled income$68k
Vacancy & credit loss−$8k
Operating expenses−$22k
NOI · 8.34% cap applied$37k

Realmo valuation models over county records and 4 qualifying comparable sales.

Recently sold

What actually traded nearby?
$70/SF
ZIP average, outlier-cleaned · 35 recorded sales of this use type
Observed band · Q1–Q3$27 – $112
Qualifying comparables4

Cap rate analysis

How does the asset earn?
8.34%
$37k 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.

JurisdictionLAPEER

Location intelligence

Which uses thrive at this corner?
Best fit: Parking Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Parking Facility10.5
Realty agency10.5
Dental Office10.3

Location

112 E 3Rd St Imlay City, MI 48444
County assessor Recorded deeds · 4 transfers 4 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
137 3rd, Imlay City, MI 48444-1319 $190,000 Jan 2025 4,383 SF
318 Capac, Imlay City, MI 48444-1116 $270,000 Jun 2024 3,282 SF
585 Main, Imlay City, MI 48444-1152 $550,000 May 2024 3,684 SF
279 Capac, Imlay City, MI 48444-1071 $350,000 Apr 2024 3,834 SF
510 Cedar, Imlay City, MI 48444-1345 $725,000 Feb 2024 3,520 SF
100 Main, Imlay City, MI 48444-1182 $295,000 May 2023 4,501 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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