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    Property profile & analytics

    117 Phelps St Decatur, MI 49045-1117

    • Retail space
    • 1,288 SF
    • 0.05 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Feb 12, 2025
    $10,000
    Location Intelligence
    Property ID
    US43-2423260
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Meraclegro Garden Soil / Gas Station

    Property Details for 117 Phelps St

    Lot size
    0.05 lot acres
    Property size
    1,288 SF
    Property type
    Retail space
    APN
    80-43-040-321-00
    APU
    804304032100

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Decatur
    County
    Van Buren
    State
    Michigan
    Longitude
    -85.9736
    Latitude
    42.1084
    CBSA code
    28020
    CBSA name
    KALAMAZOO-PORTAGE, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2020
    $356
    $0.00
    $0.00
    $23,400
    -
    $0.00
    $0.00
    $46,800

    Comparable in this City

    • Value Estimation by Request
      1,720 SF

      117 Phelps St

      RETAIL STORES (PERSONAL SERVICES) • 1,720 SF
      117 Phelps St, Decatur, MI 49045-1008
      View Details
    • Value Estimation by Request
      3,088 SF

      102 Phelps St

      RETAIL STORES (PERSONAL SERVICES) • 3,088 SF
      102 Phelps St, Decatur, MI 49045-1009
      View Details
    • Value Estimation by Request
      22,029 SF

      409 Delaware St

      STORE, RETAIL OUTLET • 22,029 SF
      409 Delaware St, Decatur, MI 49045-8719
      View Details
    • Value Estimation
      $65,000
      1,788 SF

      119 Phelps St

      RETAIL STORES (PERSONAL SERVICES) • 1,788 SF
      119 Phelps St, Decatur, MI 49045-1117
      View Details
    • Value Estimation
      $430,000
      6,400 SF

      107 Delaware St

      RETAIL STORES (PERSONAL SERVICES) • 6,400 SF
      107 Delaware St, Decatur, MI 49045-1171
      View Details
    • Value Estimation by Request
      2,835 SF

      100 Phelps St

      RETAIL STORES (PERSONAL SERVICES) • 2,835 SF
      100 Phelps St, Decatur, MI 49045-1118
      View Details

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    Decatur, MI 49045-1117
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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