$239,900 3,120 SF

38 N Union St, Sparta, MI 49345
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This medical office building contains 3,120 square feet and was built in 1920. The structure is configured as two distinct units: one unit is a completed space formerly used as an optometry office and is ready for use, and a second area remains unfinished and suitable for future buildout. Located at 38 N Union St in Sparta, Michigan, the property has a flexible commercial layout that can accommodate office, retail, service, or other commercial uses, subject to applicable zoning and permitting;…

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 · 2019

What does the county charge?

$3k

Tax billed · 2019

Assessed value · 2023$88k

Effective rate3.41%

Value estimate

· Oct 2026

$140k

$126k – $154k

NOI build-up

Gross scheduled income$48k

Vacancy & credit loss−$2k

Operating expenses−$19k

NOI · 11.57% cap applied$28k

Realmo valuation models over county records and 12 qualifying comparable sales.

Recently sold

What actually traded nearby?

$42/SF

ZIP average, outlier-cleaned · 24 recorded sales of this use type

Observed band · Q1–Q3$34 – $61

Qualifying comparables12

Cap rate analysis

How does the asset earn?

11.57%

$28k 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?

VCBD

JurisdictionKENT

Location intelligence

Which uses thrive at this corner?

Best fit: Law Firm

Demand index

Law Firm12.2

Realty agency12.2

Parking Facility10.4

38 N Union St Sparta, MI 49345

County assessor Recorded deeds · 5 transfers 12 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

Address Sale price Sold Size

111 Grv, Sparta, MI 49345-1100 $200,000 Sep 2024 3,884 SF

200 Division, Sparta, MI 49345-1463 $110,000 Aug 2024 3,736 SF

340 State, Sparta, MI 49345-1732 $193,000 Dec 2022 2,400 SF

410 State, Sparta, MI 49345-1594 $206,000 Nov 2022 3,616 SF

147 State, Sparta, MI 49345-1023 $170,000 May 2022 2,500 SF

470 State, Sparta, MI 49345-1550 $200,000 Mar 2022 2,608 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

Value Estimation
$170,000

2,796 SF

317 Division St

COMMERCIAL (GENERAL)

317 Division St, Sparta, MI 49345-1334

View Details
Value Estimation
$150,000

3,728 SF

283 State St

COMMERCIAL (GENERAL)

283 State St, Sparta, MI 49345-1025

View Details
Value Estimation
$125,000

3,736 SF

200 Division St

COMMERCIAL (GENERAL)

200 Division St, Sparta, MI 49345-1463

View Details
Value Estimation
$135,000

4,000 SF

50 Loomis St

COMMERCIAL (GENERAL)

50 Loomis St, Sparta, MI 49345-1118

View Details
Value Estimation
$145,000

4,216 SF

126 Division St

COMMERCIAL (GENERAL)

126 Division St, Sparta, MI 49345-1330

View Details
Value Estimation
$310,000

5,081 SF

431 Division St

COMMERCIAL (GENERAL)

431 Division St, Sparta, MI 49345-1046

View Details

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38 N Union St Sparta, MI 49345

Property summary