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Financial
Distress signals
Property profile

402 N Superior St Albion, MI 49224

FOR SALE
Retail space
Property ID
US43-2401955
800 SF 0.29 ac lot Built 1950
Last sale May 2024
Individually Owned Owner of record is an individual. 1-yr Hold Held for 1 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 retail storefront is configured for operation as a barber shop and includes barber shop equipment that is intended to remain if the space continues to be used for that purpose; otherwise, the equipment can be removed. The property is located near the downtown area, supporting convenient customer access. The space is suited for continued retail use either in its current barber shop configuration or as a repurposed retail storefront with the equipment removed.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$852
Tax billed · 2022
Assessed value · 2024$29k
Effective rate2.95%

Value estimate

· Oct 2026
$65k
$59k – $72k
NOI build-up
Gross scheduled income$12k
Vacancy & credit loss−$520
Operating expenses−$4k
NOI · 12.80% cap applied$8k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$62/SF
County average, outlier-cleaned · 77 recorded sales of this use type
Observed band · Q1–Q3$25 – $93
Qualifying comparables3

Cap rate analysis

How does the asset earn?
12.80%
$8k 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?
MU
MU district is intended to accommodate a mix of single-family and multiple-family residential uses, mixed uses, and business and office u...
General categoryMIXED_USE
JurisdictionCALHOUN

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency20.8
Law Firm18.3
Hair Salon14.5

Location

402 N Superior St Albion, MI 49224
County assessor Recorded deeds · 2 transfers 3 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 · 8 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1512 Eaton, Albion, MI 49224-8415 $1,800,000 Dec 2024 2,955 SF
205 Cass, Albion, MI 49224-1679 $51,000 May 2024 3,000 SF
100 Erie, Albion, MI 49224-1733 $225,000 Aug 2022 1,104 SF
102 Erie, Albion, MI 49224-1733 $225,000 Aug 2022 1,778 SF
309 Superior, Albion, MI 49224-1752 $180,000 May 2021 2,616 SF
311 Superior, Albion, MI 49224-1752 $180,000 May 2021 2,645 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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