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Financial
Distress signals
Property profile

265 W Saginaw St Hemlock, MI 48626

FOR SALE
Other commercial real estate
Property ID
US43-4226392
4,013 SF 1 ac lot
Last sale Oct 2024 · $140,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 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

A restaurant condominium located within a strip mall at 265 W. Saginaw Street, Unit SourceFi, in Hemlock, Michigan. The space is configured for hospitality use and includes a fully equipped commercial kitchen, a bar area, and a dining room designed for approximately 88 seats, along with restrooms and a private office. The layout includes a dedicated entertainment area suitable for live music, DJs, or special events, as well as outdoor customer seating through a patio and deck. The unit is…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$6k
Tax billed · 2022
Assessed value · 2023$94k
Effective rate6.22%

Value estimate

· Oct 2026
$140k
$126k – $154k
AI approach$140k
NOI build-up
Gross scheduled income$69k
Vacancy & credit loss−$3k
Operating expenses−$17k
NOI · 15.79% cap applied$50k

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$72/SF
ZIP average, outlier-cleaned · 18 recorded sales of this use type
Observed band · Q1–Q3$39 – $113
Qualifying comparables6

Cap rate analysis

How does the asset earn?
15.79%
$50k 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
JurisdictionSAGINAW

Location intelligence

Which uses thrive at this corner?
Best fit: Restaurant
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Restaurant25.7
Law Firm20.9
Building Supply20.7

Location

265 W Saginaw St Hemlock, MI 48626
County assessor Recorded deeds · 4 transfers 6 qualifying comp sales 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
310 Turner, Hemlock, MI 48626-9718 $789,000 Jun 2020 3,441 SF
394 Turner, Hemlock, MI 48626-9711 $789,000 Jun 2020 3,441 SF
395 Turner, Hemlock, MI 48626-9779 $789,000 Jun 2020 3,441 SF
305 Turner, Hemlock, MI 48626-9779 $789,000 Jun 2020 3,441 SF
16690 Gratiot, Hemlock, MI 48626-8617 $320,000 Feb 2020 4,384 SF
205 Saginaw, Hemlock, MI 48626-9239 $57,500 Oct 2019 3,520 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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