Financial
Distress signals
Property profile

233 Adams St Ionia, MI 48846

OFF-MARKET
Other commercial real estate
Property ID
US43-2178452
2,583 SF 0.21 ac lot Built 1890
Last sale Jul 2018 · $173,900
Entity Owned Owner of record is a legal entity (LLC / corporation). 8-yr Hold Held for 8 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This downtown Ionia commercial property is a restored former train station building that has a total size of 2,583 square feet and sits on a 0.21-acre lot. The building includes original woodwork features throughout. The property is zoned to support a variety of commercial uses, including boutique retail, restaurant, coffee house, gallery, and professional office uses. The interior configuration includes at least one private office suite occupied by a long-term tenant, and the building has previously been operated as a salon.

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 · 2023

What does the county charge?
$3k
Tax billed · 2023
Assessed value$58k
Assessed land$10k
Assessed improvement$49k
Effective rate5.88%

Value estimate

· Sep 2026
$285k
$257k – $314k
AI approach$285k

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

What can be built here?
B-3
Itis intended to provide sites for more diversified business types that are often incompatible with the pedestrian movement in the B-1 Ne...
General categoryCOMMERCIAL
JurisdictionIONIA

Location intelligence

Which uses thrive at this corner?
Best fit: Wholesale Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Wholesale Shop10.2
Clothing Store8.1
Auto Parts Store9.8

Location

233 Adams St Ionia, MI 48846-1673
County assessor Recorded deeds · 2 transfers 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 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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