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Financial
Distress signals
Property profile

227 E Michigan Ave Marshall, MI 49068

FOR SALE
Other individual retail properties
Property ID
US43-2199630
5,150 SF 0.12 ac lot Built 1900
Last sale Aug 2008 · $290,000
Individually Owned Owner of record is an individual. 1-yr Hold Held for 1 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a historic corner building originally constructed as a bank in 1865 and later restored, featuring a ground-floor showroom with 15-foot ceilings, period crown molding and woodwork, a marble fireplace, and multiple tall display windows. A lockable walk-in vault is included. The second floor contains two separate, privately accessed spaces, each with its own private staircase and entry: one is a privately accessed unit with a private balcony, and the other is a one-bedroom loft…

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.

Debts

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?
$8k
Tax billed · 2022
Assessed value · 2024$145k
Effective rate5.22%

Value estimate

· Oct 2026
$250k
$225k – $275k
NOI build-up
Gross scheduled income$80k
Vacancy & credit loss−$6k
Operating expenses−$28k
NOI · 8.37% cap applied$46k

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?
8.37%
$46k estimated NOI · market benchmarks for this use type

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

Zoning insight

What can be built here?
B-3 CEN
JurisdictionCALHOUN

Location intelligence

Which uses thrive at this corner?
Best fit: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office13.1
HVAC Service12.1
Realty agency11.6

Location

227 E Michigan Ave Marshall, MI 49068
County assessor Recorded deeds · 3 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
18901 Partello, Marshall, MI 49068-9300 $710,500 Oct 2024 5,538 SF
311 Spruce, Marshall, MI 49068-1732 $250,000 Oct 2022 6,360 SF
123 Exchange, Marshall, MI 49068-1682 $110,000 Aug 2022 5,248 SF
141 Michigan, Marshall, MI 49068-1521 $400,000 Jul 2021 4,896 SF
105 Redfield, Marshall, MI 49068-1466 $124,000 Jan 2020 4,780 SF
500 Kalamazoo, Marshall, MI 49068-1719 $272,500 Aug 2019 6,038 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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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