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Financial
Distress signals
Property profile

12517 Mill St Carleton, MI 48117

FOR SALE
Other commercial real estate
Property ID
US43-5282911
5,000 SF 0.4 ac lot
Last sale Mar 2014 · $175,000
Individually Owned Owner of record is an individual. 12-yr Hold Held for 12 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This flex property consists of two adjacent commercial buildings totaling nearly 9,000 square feet of combined warehouse and commercial space, situated on approximately 0.81 acres in the Village of Carleton. Built in 1988, the buildings include flexible interior areas configured for warehouse, shop, storage, and office use. The site provides outdoor space for parking, equipment storage, and vehicle access. The property is positioned to provide access to I-275, I-75, and US-24 for regional travel throughout Southeast Michigan.

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 · 2023

What does the county charge?
$2k
Tax billed · 2023
Assessed value$56k
Effective rate4.12%

Value estimate

· Oct 2026
$150k
$135k – $165k

Realmo valuation models over county records and 23 qualifying comparable sales.

Recently sold

What actually traded nearby?
$75/SF
County average, outlier-cleaned · 95 recorded sales of this use type
Observed band · Q1–Q3$45 – $119
Qualifying comparables23

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.

JurisdictionMONROE

Location intelligence

Which uses thrive at this corner?
Best fit: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply15.3
Realty agency15.1
Dental Office13.7

Location

12517 Mill St Carleton, MI 48117
County assessor Recorded deeds · 3 transfers 23 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

5 recorded sales · 6 properties nearby
Recent sales nearby
5 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
9250 Telegraph, Carleton, MI 48117-9321 $2,500,000 Oct 2024 No data
12400 Matthews, Carleton, MI 48117-9410 $230,000 Jun 2023 No data
12640 Grafton, Carleton, MI 48117-9775 $100,000 Feb 2023 No data
12960 Telegraph, Carleton, MI 48117-9233 $170,000 Sep 2022 988 SF
12735 Jones, Carleton, MI 48117-9767 $80,000 Nov 2020 3,960 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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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