Financial
Distress signals
Property profile

400 N Main St Onsted, MI 49265

FOR SALE
Commercial real estate
Property ID
US43-1853845
5,998 SF 1.84 ac lot
Last sale Sep 2014 · $2,300,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 12-yr Hold Held for 12 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This exceptional 5,837 square foot medical office building, located at 400 N Main St, Onsted, MI 49265, presents a compelling investment opportunity. Built in 2001 and renovated in 2015, the property sits on a 1.84-acre lot and boasts 100% occupancy with two tenants under a multi-tenant lease with four years remaining. The building offers a stabilized investment profile with a value-add potential, generating a strong net operating income (NOI) of $84,995 and an 8.50% cap rate. The asking…

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?
$12k
Tax billed · 2023
Assessed value · 2024$253k
Effective rate4.76%

Value estimate

· Sep 2026
$425k
$383k – $468k
NOI build-up
Gross scheduled income$133k
Vacancy & credit loss−$14k
Operating expenses−$48k
NOI · 8.42% cap applied$72k

Realmo valuation models over county records and 9 qualifying comparable sales.

Recently sold

What actually traded nearby?
$60/SF
ZIP average, outlier-cleaned · 22 recorded sales of this use type
Observed band · Q1–Q3$50 – $71
Qualifying comparables9

Cap rate analysis

How does the asset earn?
8.42%
$72k 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?
IN
JurisdictionLENAWEE

Location intelligence

Which uses thrive at this corner?
Best fit: Wholesale Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Wholesale Shop9.6
Auto Parts Store9.5
HVAC Service9.5

Location

400 N Main St Onsted, MI 49265
County assessor Recorded deeds · 5 transfers 9 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
8543 M 50, Onsted, MI 49265-9612 $230,000 Oct 2023 4,752 SF
115 Main, Onsted, MI 49265-9501 $210,000 Sep 2023 4,104 SF
6898 M 50, Onsted, MI 49265-9540 $160,000 Aug 2023 3,952 SF
111 3rd, Onsted, MI 49265-9637 $50,000 Nov 2022 5,590 SF
401 Main, Onsted, MI 49265-9666 $315,000 Oct 2022 9,360 SF
405 Connor, Onsted, MI 49265-5701 $265,000 Sep 2020 3,926 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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