Financial
Distress signals
Property profile

23950 City Center Cir 56330 Mattawan, MI 49071

FOR LEASE
Retail space
Property ID
US43-2286690
9,631 SF 2 ac lot Built 2013
Last sale Jan 2023
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This move-in-ready office suite is located within the McGillen’s Crossing development in Mattawan at the corner of Main Street and McGillen Avenue. The suite is configured with an open-layout main area designed to receive natural light and includes three bathrooms plus two private rooms that can be used as offices, a breakroom, or other flexible enclosed areas. The space is designed to be demised, allowing it to be separated to accommodate smaller tenant requirements or customized layouts. It…

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 · 2020

What does the county charge?
$30k
Tax billed · 2020
Assessed value · 2023$480k
Effective rate6.18%

Value estimate

· Sep 2026
$545k
$491k – $600k
Submarket $/SF estimate$1.55M
NOI build-up
Gross scheduled income$47k
Vacancy & credit loss−$2k
Operating expenses−$14k
NOI · 197,887.50% cap applied$32k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$93/SF
County average, outlier-cleaned · 57 recorded sales of this use type
Observed band · Q1–Q3$43 – $167

Cap rate analysis

How does the asset earn?
197,887.50%
$32k 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?
CALL VILLAGE
JurisdictionVAN BUREN

Location intelligence

Which uses thrive at this corner?
Best fit: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply11.8
Storage Facility9.4
Garden Center9.2

Location

23950 City Center Cir, Unit 56330 Mattawan, MI 49071
County assessor Recorded deeds · 2 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
24020 Frnt, Mattawan, MI 49071-8921 $80,000 Mar 2024 3,750 SF
24208 Frnt, Mattawan, MI 49071-9501 $269,500 Feb 2024 3,200 SF
25142 Red Arrow, Mattawan, MI 49071-7755 $200,000 Aug 2022 3,392 SF
57620 Murray, Mattawan, MI 49071-8807 $149,500 Sep 2021 3,668 SF
26333 Red Arrow, Mattawan, MI 49071-8814 $32,000 Mar 2021 3,000 SF
23850 City Ctr, Mattawan, MI 49071-8376 $450,000 Jun 2020 4,800 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?”
More about this property
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