Financial
Distress signals
Property profile

113 N Farmer St Otsego, MI 49078

FOR SALE
Other specialty properties
Property ID
US43-2404043
7,455 SF 0.2 ac lot
Last sale Mar 2024
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a historic, approximately 125+ year old storefront building that was renovated and restored. It contains a restaurant space with a full commercial kitchen designed for high-volume food preparation, including capabilities suited to soups, sandwiches, baked goods, smoked meats, and wood-fired pizzas, and includes an operating layout for both dine-in and take-out service. The dining area is configured for approximately 65–70 seats. The premises include a second-floor apartment of…

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?
$5k
Tax billed · 2023
Assessed value · 2024$55k
Assessed land$7k
Assessed improvement$47k
Effective rate9.37%

Value estimate

· Sep 2026
$320k
$288k – $352k
AI approach$320k
NOI build-up
Gross scheduled income$53k
Vacancy & credit loss−$2k
Operating expenses−$13k
NOI · 8.95% cap applied$38k

Realmo valuation models over county records.

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?
8.95%
$38k 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.

JurisdictionALLEGAN

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency13.1
Law Firm11.0
Nail Salon9.5

Location

113 N Farmer St Otsego, MI 49078
County assessor Recorded deeds · 3 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 properties nearby
Recent sales nearby
No comparable recorded sale in this ZIP
No comparable recorded sale in this ZIP. Our records hold no sale here we could set beside this property for the last 8 years. They are neighbours, not transactions.
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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