Financial
Distress signals
Property profile

321 State St Grayling, MI 49738

OFF-MARKET
Drive through restaurants
Property ID
US43-3184367
4,088 SF 1.58 ac lot Built 1993
Last sale Sep 2013 · $761,962
Trust Owned Owner of record is a trust. 2-yr Hold Held for 2 years. Free & Clear No active or open recorded mortgage detected.
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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 · 2023

What does the county charge?
$18k
Tax billed · 2023
Assessed value · 2024$354k
Assessed land$43k
Assessed improvement$311k
Effective rate5.14%

Value estimate

· Sep 2026
$760k
$684k – $836k
AI approach$760k
Submarket $/SF estimate$536k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

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?
C-3A
General categoryCOMMERCIAL
JurisdictionCRAWFORD

Location intelligence

Which uses thrive at this corner?
Best fit: Plumbing Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Plumbing Service8.8
Parking Facility8.5
Furniture Store8.4

Location

321 State St Grayling, MI 49738-1851
County assessor Recorded deeds · 3 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

6 recorded sales · 13 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
234 Michigan, Grayling, MI 49738-1749 $267,500 Feb 2025 4,324 SF
6811 M 72nd, Grayling, MI 49738-7463 $200,000 Oct 2024 5,200 SF
106 Michigan, Grayling, MI 49738-1741 $132,500 Sep 2024 3,300 SF
600 James, Grayling, MI 49738-1716 $127,500 Sep 2021 4,920 SF
127 Michigan, Grayling, MI 49738-1740 $160,000 Jul 2021 3,450 SF
117 Michigan, Grayling, MI 49738-1740 $165,000 Mar 2021 4,628 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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