Financial
Distress signals
Property profile

215 Hancock St Pentwater, MI 49449

OFF-MARKET
Commercial real estate
Property ID
US43-3850211
Last sale Jan 2022 · $130,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The iconic Hancock Building, located at 215 N Hancock in the heart of Pentwater, Michigan, presents a rare investment opportunity. This 4,615 square foot property sits on a 0.22-acre lot and boasts stunning views of the village green and Pentwater Lake. The building's unique configuration includes two separate commercial spaces, ideal for a variety of businesses, and three residential condominiums, providing additional income streams. The presence of public restrooms adds further convenience

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?
$1k
Tax billed · 2022
Assessed value · 2023$45k
Assessed land$45k
Effective rate2.68%

Value estimate

· Sep 2026
$175k
$158k – $193k
AI approach$175k

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?

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.

JurisdictionOCEANA

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Repair Shop
Demand index
Auto Repair Shop9.6
Tailor Shop8.8
Convenience Store8.6

Location

215 Hancock St Pentwater, MI 49449-8799
County assessor Recorded deeds · 3 transfers 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 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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