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Financial
Distress signals
Property profile

15620 W Michigan Ave Albion, MI 49224

FOR SALE
Office buildings
Property ID
US43-0511172
9,782 SF 22.85 ac lot Built 1985
Last sale Jul 2013 · $150,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 13-yr Hold Held for 13 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This commercial/industrial property consists of two main structures: a front building configured for professional office use and a larger industrial building with high ceilings, expansive interior space designed for flexible use, and overhead doors sized to accommodate trucks and trailers. The site is arranged to support mixed-use business activities and features prominent street visibility with frontage along I-94.

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 · 2022

What does the county charge?
$5k
Tax billed · 2022
Assessed value · 2023$245k
Assessed improvement$245k
Effective rate1.85%

Value estimate

· Oct 2026
$330k
$297k – $363k
AI approach$330k
NOI build-up
Gross scheduled income$222k
Vacancy & credit loss−$5k
Operating expenses−$76k
NOI · 8.29% cap applied$141k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$74/SF
County average, outlier-cleaned · 62 recorded sales of this use type
Observed band · Q1–Q3$41 – $107

Cap rate analysis

How does the asset earn?
8.29%
$141k 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?
I 1
JurisdictionJACKSON

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Parts Store
Demand index
Auto Parts Store8.3
Garden Center8.2
Wholesale Shop7.1

Location

15620 W Michigan Ave Albion, MI 49224
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

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
504 Superior, Albion, MI 49224-2138 $100,000 Jul 2025 3,101 SF
29080 C N, Albion, MI 49224-9410 $179,000 Jan 2023 20,774 SF
912 Eaton, Albion, MI 49224-1215 $57,000 Feb 2022 2,120 SF
119 Cass, Albion, MI 49224-1726 $440,000 Sep 2021 18,592 SF
609 Superior, Albion, MI 49224-2182 $27,400 Apr 2021 2,603 SF
816 Eaton, Albion, MI 49224-1213 $37,000 Dec 2020 3,832 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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