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Financial
Distress signals
Property profile

203 Main St Wayland, MI 49348

OFF-MARKET
Retail space
Property ID
US43-2435147
1,813 SF 0.21 ac lot Built 1955
Last sale Dec 2011
Individually Owned Owner of record is an individual. 14-yr Hold Held for 14 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional 3,100 square foot commercial building at 203 N Main in Wayland, MI, presents a unique opportunity for entrepreneurs. Situated on a 0.21-acre lot at the edge of the business district, this property boasts ample paved parking and a large storage area. Currently operating as a successful hair salon (The Hair Cut Hut), the space comfortably accommodates 6-8 styling stations, with additional room readily available for expansion into massage therapy, nail services, or a combination…

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$54k
Assessed land$11k
Assessed improvement$43k
Effective rate4.04%

Value estimate

· Oct 2026
$315k
$284k – $347k
AI approach$315k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$127/SF
County average, outlier-cleaned · 58 recorded sales of this use type
Observed band · Q1–Q3$41 – $220

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.

JurisdictionALLEGAN

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 agency13.9
Law Firm10.2
Hair Salon9.5

Location

203 Main St Wayland, MI 49348-1206
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file 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

6 recorded sales · 12 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
133 Superior, Wayland, MI 49348-1137 $220,000 May 2025 6,200 SF
142 Main, Wayland, MI 49348-1209 $335,000 Aug 2023 6,820 SF
125 Main, Wayland, MI 49348-1208 $95,000 May 2023 1,750 SF
129 Superior, Wayland, MI 49348-1137 $275,000 Mar 2023 1,808 SF
122 Superior, Wayland, MI 49348-1217 $280,000 Feb 2023 2,944 SF
114 Pne, Wayland, MI 49348-1281 $75,000 Nov 2020 2,100 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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