Financial
Distress signals
Property profile

16350 Oakley Rd Chesaning, MI 48616

OFF-MARKET
Other commercial real estate
Property ID
US43-1075540
3,280 SF 3.5 ac lot Built 1968
Last sale Jun 2024 · $250,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a five-unit apartment building configured within approximately 3,280 square feet and situated on a 3.5-acre rural parcel in Chesaning, within the Chesaning school system and about 15 minutes north of Owosso. The unit mix consists of four one-bedroom apartments and one two-bedroom apartment. The improvements include vinyl siding, oil-fired heating, and in-unit range/oven and refrigerator appliances. The building dates to 1950 and is served by private water. The building has

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included 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?
$3k
Tax billed · 2022
Assessed value · 2023$77k
Effective rate3.83%

Value estimate

· Sep 2026
$180k
$162k – $198k

Realmo valuation models over county records and 17 qualifying comparable sales.

Recently sold

What actually traded nearby?
$44/SF
ZIP average, outlier-cleaned · 29 recorded sales of this use type
Observed band · Q1–Q3$35 – $59
Qualifying comparables17

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?
C
JurisdictionSAGINAW

Location intelligence

Which uses thrive at this corner?
Best fit: Parking Facility
Demand index
Parking Facility9.4
Convenience Store7.5
Restaurant6.8

Location

16350 Oakley Rd Chesaning, MI 48616-8518
County assessor Recorded deeds · 2 transfers 17 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 · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
Chapman, Chesaning, MI 48616 $55,000 Aug 2025 3,786 SF
242 Broad, Chesaning, MI 48616-1205 $225,000 May 2025 3,872 SF
236 Broad, Chesaning, MI 48616-1205 $225,000 May 2025 2,420 SF
9996 Peet, Chesaning, MI 48616-1712 $40,000 Jun 2024 3,800 SF
412 Broad, Chesaning, MI 48616-1209 $60,000 Jun 2023 2,259 SF
709 Broad, Chesaning, MI 48616-1214 $300,000 May 2023 4,240 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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