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Financial
Distress signals
Property profile

131 N Main St Watervliet, MI 49098

FOR LEASE
Office buildings
Property ID
US43-3404472
1,743 SF 0.06 ac lot
Last sale Nov 2019 · $80,000
Individually Owned Owner of record is an individual. 6-yr Hold Held for 6 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

Suite 131 is a storefront space located on Main Street in downtown Watervliet, within a walkable commercial district characterized by locally owned retail and dining uses and historic buildings. The suite is situated near free public parking and is within a short drive of Lake Michigan, in an area that also features vineyards, farmland, and freshwater lakes along with recurring downtown public events such as festivals, public art installations, and live music. Based on the provided property…

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 · 2024$38k
Effective rate5.39%

Value estimate

· Oct 2026
$100k
$90k – $110k
NOI build-up
Gross scheduled income$21k
Vacancy & credit loss−$898
Operating expenses−$6k
NOI · 159,400.00% cap applied$14k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$103/SF
County average, outlier-cleaned · 51 recorded sales of this use type
Observed band · Q1–Q3$35 – $169

Cap rate analysis

How does the asset earn?
159,400.00%
$14k 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?
B-2
The B-2 district is established to provide additional business and commercial uses, limited service uses not permitted in the B-1 distric...
General categoryCOMMERCIAL
JurisdictionBERRIEN

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 agency13.7
Law Firm11.6
Spa & Massage10.5

Location

131 N Main St Watervliet, MI 49098
County assessor Recorded deeds · 4 transfers 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

1 recorded sale · 6 properties nearby
Recent sales nearby
1 recorded sale in this ZIP, last 8 years
Address Sale price Sold Size
139 Main, Watervliet, MI 49098-9607 $80,000 Dec 2022 1,280 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?”
More about this property
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