Property profile

115 E Michigan Ave Grass Lake, MI 49240

FOR SALE
Banks
Saved · see the list in your Dashboard
Property ID
US43-1519671
2,640 SF 0.07 ac Built 1900
Last sale Jun 2025
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
Market Trends Soon

Property summary

AI-generated overview

Built in 1900, this retail storefront features a detailed main level with granite and marble finishes, high ceilings, a restroom, and a private executive office, along with two additional upper-level areas that include a kitchenette, a half bath, and utility or storage space with an original ceiling feature visible in the utility area. The basement is maintained and contains regularly serviced mechanical systems and security-system infrastructure. The property retains original bank-era elements…

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 · 2022

What does the county charge?
$3k
Tax billed · 2022
Assessed value · 2023$103k
Effective rate2.55%

Value estimate

· Nov 2026
$270k
$243k – $297k
NOI build-up
Gross scheduled income$38k
Vacancy & credit loss−$9k
Operating expenses−$7k
NOI · 7.38% cap applied$22k

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?
7.38%
$22k 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
JurisdictionJACKSON

Location intelligence

Which uses thrive at this corner?
Best fit: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office10.9
Spa & Massage9.2
Building Supply9.2

Location

115 E Michigan Ave Grass Lake, MI 49240
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file 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
103 Michigan, Grass Lake, MI 49240-9188 $290,000 May 2025 1,344 SF
101 Michigan, Grass Lake, MI 49240-9188 $290,000 Mar 2025 5,880 SF
117 Michigan, Grass Lake, MI 49240-9680 $195,000 Nov 2023 1,750 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
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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