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Financial
Distress signals
Property profile

120 Farmer St Otsego, MI 49078

OFF-MARKET
Commercial real estate
Property ID
US43-2443850
1,734 SF 0.07 ac lot Built 1870
Last sale Sep 2007 · $134,900
Individually Owned Owner of record is an individual. 19-yr Hold Held for 19 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional commercial property, located at 120 S Farmer St in Otsego, Michigan (49078), presents a unique investment opportunity. The 41,186 square foot building, constructed in 1993, sits on a 2.77-acre lot and boasts 150 parking spaces. With a permitted CBD zoning, the property offers remarkable versatility, suitable for a wide range of uses. Potential tenants could include auto shops, executive offices, or warehouse operations. The single-story building features a 19-foot ceiling…

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.

Debts

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?
$3k
Tax billed · 2023
Assessed value · 2024$65k
Assessed land$3k
Assessed improvement$63k
Effective rate5.03%

Value estimate

· Oct 2026
$225k
$203k – $248k

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

Recently sold

What actually traded nearby?
$109/SF
County average, outlier-cleaned · 50 recorded sales of this use type
Observed band · Q1–Q3$32 – $213
Qualifying comparables3

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

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 agency20.8
Restaurant15.3
Law Firm14.7

Location

120 Farmer St Otsego, MI 49078-1118
County assessor Recorded deeds · 1 transfer 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
Wilmott, Otsego, MI 49078 $62,000 Sep 2024 No data
2401 108th, Otsego, MI 49078-9612 $2,400,000 Apr 2024 5,350 SF
124 Allegan, Otsego, MI 49078-1102 $87,500 Nov 2023 3,640 SF
132 Allegan, Otsego, MI 49078-1102 $27,000 Sep 2023 1,800 SF
204 Orleans, Otsego, MI 49078-1127 $325,000 Dec 2022 5,688 SF
519 19th, Otsego, MI 49078 $10,000 Mar 2021 240 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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