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Financial
Distress signals
Property profile

2565 111Th Ave Allegan, MI 49010

FOR SALE
Refrigerated & Cold Storage
Property ID
US43-3863370
5,900 SF 5.08 ac lot Built 1950
Last sale Apr 2025 · $280,000
Individually Owned Owner of record is an individual. 1-yr Hold Held for 1 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a standalone office building constructed in 1950, situated on a 5-acre site with a full brick exterior and a flat roof. The paved parking lot supports onsite vehicle access. The interior was previously configured for school use and includes a break room, an office area, and a main area, along with three bathrooms and cable service. Room configurations include two rooms measuring 12 by 32 feet, one room measuring 32 by 25 feet, and one room measuring 12 by 20 feet, plus support…

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 · 2023

What does the county charge?
$4k
Tax billed · 2023
Assessed value · 2024$110k
Assessed land$37k
Assessed improvement$73k
Effective rate3.42%

Value estimate

· Oct 2026
$300k
$270k – $330k
AI approach$300k
NOI build-up
Gross scheduled income$94k
Vacancy & credit loss−$13k
Operating expenses−$20k
NOI · 20.20% cap applied$61k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$98/SF
County average, outlier-cleaned · 51 recorded sales of this use type
Observed band · Q1–Q3$20 – $193

Cap rate analysis

How does the asset earn?
20.20%
$61k 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.

JurisdictionALLEGAN

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Parts Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Parts Store9.0
Electrical Service9.0
Wholesale Shop8.9

Location

2565 111Th Ave Allegan, MI 49010
County assessor Recorded deeds · 3 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 · 10 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
500 Delano, Allegan, MI 49010-1018 $250,000 Mar 2025 9,368 SF
650 Grand, Allegan, MI 49010-9060 $425,000 Nov 2024 11,840 SF
1875 Lincoln, Allegan, MI 49010 $553,000 Apr 2024 12,800 SF
1161 26th, Allegan, MI 49010-9025 $275,000 Dec 2023 8,325 SF
1305 Lincoln, Allegan, MI 49010-9169 $300,000 Jan 2023 12,779 SF
1307 Lincoln, Allegan, MI 49010-8128 $75,000 Oct 2021 6,004 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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