Financial
Distress signals
Property profile

312 E Sherwood St Decatur, MI 49045

FOR SALE
Other commercial real estate
Property ID
US43-2431675
25,398 SF 1.17 ac lot
Last sale Jun 2007 · $244,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 19-yr Hold Held for 19 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a 1.2-acre site that was historically used as the Decatur True Value Hardware & Lumber Company. It includes a finished 60 ft by 92 ft building containing three office spaces, a bathroom, and an area that was formerly used as a kitchen. There is also an attached pole building and additional outdoor storage areas on the premises. A separate 80 ft by 40 ft pole building is located on the site and features approximately 13 ft ceilings, providing additional storage and/or workspace.…

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?
$7k
Tax billed · 2020
Assessed value · 2023$131k
Effective rate5.39%

Value estimate

· Sep 2026
$255k
$230k – $281k
Submarket $/SF estimate$1.06M
NOI build-up
Gross scheduled income$116k
Vacancy & credit loss−$3k
Operating expenses−$34k
NOI · 31.58% cap applied$79k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$93/SF
County average, outlier-cleaned · 49 recorded sales of this use type
Observed band · Q1–Q3$42 – $167

Cap rate analysis

How does the asset earn?
31.58%
$79k 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.

JurisdictionVAN BUREN

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand index
Realty agency14.7
Restaurant11.0
Auto Parts Store11.0

Location

312 E Sherwood St Decatur, MI 49045
County assessor Recorded deeds · 1 transfer 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 · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
410 Lee, Decatur, MI 49045-1338 $15,000 Dec 2024 No data
209 Delaware, Decatur, MI 49045-1104 $100,000 May 2024 2,562 SF
78641 M 51, Decatur, MI 49045-8127 $70,000 Apr 2024 No data
104 Phelps, Decatur, MI 49045-1009 $5,500 Feb 2023 No data
413 Delaware, Decatur, MI 49045-9257 $55,000 Apr 2021 1,440 SF
57901 M 51, Decatur, MI 49045-9062 $275,000 Jan 2019 1,092 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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