Financial
Distress signals
Property profile

208 Erie St Albion, MI 49224

OFF-MARKET
Other commercial real estate
Property ID
US43-2222681
7,373 SF 0.42 ac lot Built 1900
Last sale Jun 2022 · $230,200
Individually Owned Owner of record is an individual. 4-yr Hold Held for 4 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Saved · see the list in your Dashboard
Market Trends Soon

Property summary

AI-generated overview

A two-story office building totaling 6,000+ square feet, configured with multiple office spaces connected by common areas. The existing layout includes five private offices and a large interior event center space that can support event-style use or be repurposed for other owner needs. The building also includes additional storage areas, including a garage, basement, and attic space. On-site parking is provided for building occupants. The property is zoned MU (Mixed Use), allowing flexibility…

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 · 2022

What does the county charge?
$5k
Tax billed · 2022
Assessed value · 2024$132k
Effective rate3.66%

Value estimate

· Sep 2026
$210k
$189k – $231k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$60/SF
County average, outlier-cleaned · 63 recorded sales of this use type
Observed band · Q1–Q3$33 – $109

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?
MU
MU district is intended to accommodate a mix of single-family and multiple-family residential uses, mixed uses, and business and office u...
General categoryMIXED_USE
JurisdictionCALHOUN

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 agency11.2
Law Firm9.6
Hair Salon9.3

Location

208 Erie St Albion, MI 49224-1648
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
115 Superior, Albion, MI 49224-1742 $320,000 Sep 2022 8,190 SF
308 Superior, Albion, MI 49224-1753 $312,000 Feb 2022 7,352 SF
106 Erie, Albion, MI 49224-1733 $60,000 Dec 2021 9,246 SF
112 Superior, Albion, MI 49224-1743 $90,000 Nov 2021 3,903 SF
119 Cass, Albion, MI 49224-1726 $440,000 Sep 2021 5,312 SF
13387 29th Mile, Albion, MI 49224-9428 $115,000 Jun 2019 3,054 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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 208 Erie St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message