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Financial
Distress signals
Property profile

224 Washington Ave Grand Haven, MI 49417

FOR SALE
Retail space
Property ID
US43-2043097
10,528 SF 0.12 ac lot Built 1890
Last sale Aug 2020
Entity Owned Owner of record is a legal entity (LLC / corporation). 6-yr Hold Held for 6 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

A three-story, 1890s-era brick mixed-use building with approximately 11,000+ square feet of total interior area across the first floor, second floor, and basement. The main level features an open layout with large display windows, and the interior has undergone demolition and asbestos abatement, leaving the space prepared for a future build-out. The basement includes storage areas, and the second floor is configured to support potential residential conversion. The building fronts Washington…

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?
$20k
Tax billed · 2022
Assessed value · 2023$358k
Effective rate5.68%

Value estimate

· Oct 2026
$440k
$396k – $484k
Submarket $/SF estimate$1.11M
NOI build-up
Gross scheduled income$164k
Vacancy & credit loss−$9k
Operating expenses−$58k
NOI · 10.73% cap applied$97k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$148/SF
County average, outlier-cleaned · 45 recorded sales of this use type
Observed band · Q1–Q3$80 – $293

Cap rate analysis

How does the asset earn?
10.73%
$97k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

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.

JurisdictionOTTAWA

Location intelligence

Which uses thrive at this corner?
Best fit: Furniture Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Furniture Store9.1
Laundry Service8.9
Shoe Repair8.6

Location

224 Washington Ave Grand Haven, MI 49417
County assessor Recorded deeds · 2 transfers 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 · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
427 6th, Grand Haven, MI 49417-1019 $120,000 Feb 2025 2,445 SF
300 Washington, Grand Haven, MI 49417-3324 $597,999 Apr 2024 17,755 SF
540 Beechtree, Grand Haven, MI 49417-2045 $1,010,000 Jun 2021 3,112 SF
16760 Lincoln, Grand Haven, MI 49417-8864 $3,525,000 Dec 2020 15,394 SF
15191 168th, Grand Haven, MI 49417-8645 $250,000 Dec 2019 3,099 SF
10 Beacon, Grand Haven, MI 49417-1565 $1,128,000 Aug 2019 2,592 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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