Financial
Distress signals
Property profile

1339 E Grand River Ave Portland, MI 48875

FOR LEASE
Other commercial real estate
Property ID
US43-2138683
11,215 SF 1.24 ac lot Built 1997
Last sale Mar 2017
Entity Owned Owner of record is a legal entity (LLC / corporation). 9-yr Hold Held for 9 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This retail building is configured for drive-up service and deliveries, featuring a drive-up window and an overhead roll-up loading door. The interior is supported by extensive refrigeration equipment, including a walk-in cooler area, and has lighting throughout. Vehicle access is facilitated by an on-site traffic light at the entrance, with the property located just off the freeway and providing ample on-site parking. The building is divisible and can be leased either in half or as a complete unit.

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

What does the county charge?
Assessed value · 2023$428k
Assessed land$92k
Assessed improvement$337k

Value estimate

· Sep 2026
$390k
$351k – $429k
Submarket $/SF estimate$1.11M
NOI build-up
Gross scheduled income$168k
Vacancy & credit loss−$12k
Operating expenses−$47k
NOI · 1,095,140.00% cap applied$110k

Realmo valuation models over county records.

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?
1,095,140.00%
$110k 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?
C3
JurisdictionIONIA

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 agency10.7
Building Supply9.3
Wholesale Shop9.0

Location

1339 E Grand River Ave Portland, MI 48875
County assessor Recorded deeds · 1 transfer 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

4 recorded sales · 6 properties nearby
Recent sales nearby
4 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
11183 Monroe, Portland, MI 48875-9345 $75,000 Aug 2025 No data
140 Kent, Portland, MI 48875-1457 $140,000 Nov 2024 3,408 SF
4901 Divine, Portland, MI 48875 $750,000 Apr 2024 4,522 SF
7974 Grand Riv, Portland, MI 48875-9717 $650,000 Jan 2024 5,664 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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