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Financial
Distress signals
Property profile

253 W Monroe St Bangor, MI 49013

FOR SALE
Retail space
Property ID
US43-2288720
480 SF 0.05 ac lot Built 1929
Last sale Dec 2015 · $50,000
Individually Owned Owner of record is an individual. 10-yr Hold Held for 10 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This street-level retail storefront is located at 253 W Monroe Street in Van Buren County, positioned next to City Hall and within a downtown area. The building is configured for retail use, but no further enduring details are provided regarding building size, interior layout, condition, frontage, parking, or other structural specifications.

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 · 2020

What does the county charge?
$1k
Tax billed · 2020
Assessed value · 2023$21k
Effective rate7.13%

Value estimate

· Oct 2026
$115k
$104k – $127k
NOI build-up
Gross scheduled income$7k
Vacancy & credit loss−$312
Operating expenses−$2k
NOI · 4.22% cap applied$5k

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?
4.22%
$5k 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?
R1
JurisdictionVAN BUREN

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency14.1
Building Supply13.0
Law Firm11.2

Location

253 W Monroe St Bangor, MI 49013
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

2 recorded sales · 9 properties nearby
Recent sales nearby
2 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
42120 County Rd 687, Bangor, MI 49013-9636 $115,000 Feb 2024 2,116 SF
229 Monroe, Bangor, MI 49013-1330 $100,000 Mar 2022 3,973 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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