Financial
Distress signals
Property profile

305 Main St Romeo, MI 48065

OFF-MARKET
Other commercial real estate
Property ID
US43-1705769
2,218 SF 0.41 ac lot Built 1900
Last sale Dec 2003 · $210,000
Individually Owned Owner of record is an individual. 20-yr Hold Held for 20 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This freestanding retail building contains approximately 2,300 square feet of above-grade space and is equipped with central air conditioning and forced-air heating. The building includes a full basement suitable for storage. It is situated on a deep 81 x 203 lot and features dedicated on-site parking. The property is located on Main Street in the Village of Romeo, Michigan. It is configured and historically used for retail, and it is associated with a currently operating floral shop (business not included). The property is conveyed in an as-is condition.

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 · 2022

What does the county charge?
$3k
Tax billed · 2022
Assessed value · 2023$142k
Effective rate2.32%

Value estimate

· Sep 2026
$240k
$216k – $264k

Realmo valuation models over county records and 10 qualifying comparable sales.

Recently sold

What actually traded nearby?
$103/SF
County average, outlier-cleaned · 293 recorded sales of this use type
Observed band · Q1–Q3$56 – $169
Qualifying comparables10

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?
VILLAGE
JurisdictionMACOMB

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm10.2
Tailor Shop9.1
Daycare Center9.0

Location

305 Main St Romeo, MI 48065-5185
County assessor Recorded deeds · not on file 10 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
117 Saint Clair, Romeo, MI 48065-4655 $700,000 Jan 2024 2,160 SF
223 Main, Romeo, MI 48065-4617 $375,000 Dec 2023 2,640 SF
179 Bailey, Romeo, MI 48065-5207 $31,500 Mar 2023 2,025 SF
125 Main, Romeo, MI 48065-5125 $355,000 Sep 2022 2,580 SF
218 Main, Romeo, MI 48065-5129 $325,000 Jul 2022 2,486 SF
175 Main, Romeo, MI 48065-5127 $265,000 Jun 2022 1,964 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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