Financial
Distress signals
Property profile

1216 Patrick Rd Midland, MI 48640

OFF-MARKET
Drive through restaurants
Property ID
US43-2479531
2,996 SF 0.39 ac lot Built 1983
Last sale Nov 2018 · $534,155
Entity Owned Owner of record is a legal entity (LLC / corporation). 7-yr Hold Held for 7 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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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 · 2022

What does the county charge?
$9k
Tax billed · 2022
Assessed value · 2023$178k
Effective rate5.32%

Value estimate

· Sep 2026
$680k
$612k – $748k

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

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?

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

Zoning insight

What can be built here?
RC
The purpose of the Regional Center District is to provide for mixed-use development that offers a diversity of retail, service, entertain...
General categoryMIXED_USE
JurisdictionMIDLAND

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 agency22.3
Dental Office12.2
Parking Facility12.1

Location

1216 Patrick Rd Midland, MI 48640-5610
County assessor Recorded deeds · 1 transfer 3 qualifying comp sales 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

6 recorded sales · 14 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
639 Isabella, Midland, MI 48640-9102 $130,000 Apr 2025 3,600 SF
212 Northgate, Midland, MI 48640-7368 $280,000 Mar 2025 3,144 SF
2500 Saginaw, Midland, MI 48640-6610 $5,368,000 Dec 2024 2,995 SF
756 Poseyville, Midland, MI 48640-7905 $80,000 Oct 2024 3,440 SF
742 Poseyville, Midland, MI 48640-8911 $460,000 Mar 2024 3,608 SF
415 Saginaw, Midland, MI 48640-4520 $165,000 Mar 2024 2,558 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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