Financial
Distress signals
Property profile

440 Swartz Ct Ionia, MI 48846

OFF-MARKET
Commercial real estate
Property ID
US43-2176860
5,000 SF 1.5 ac lot Built 2001
Last sale Nov 2010
Entity Owned Owner of record is a legal entity (LLC / corporation). 15-yr Hold Held for 15 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This exceptional 5,000-square-foot Sherwin-Williams storefront, built in 2001 and renovated in 2022, sits on a 1.5-acre lot in Ionia, Michigan. The property boasts a 100% occupancy rate with a strong, creditworthy tenant (BBB/Baa3 rating) under a Net Net lease. The lease includes two additional renewal options, indicating a high probability of long-term occupancy. Situated on a heavily trafficked road (over 32,000 vehicles daily) with excellent visibility and signage, the property benefits

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included 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?
$10k
Tax billed · 2023
Assessed value$232k
Assessed land$20k
Assessed improvement$212k
Effective rate4.41%

Value estimate

· Sep 2026
$345k
$311k – $380k
AI approach$345k
CAP approach$780k
Sales comparison$557k

Realmo valuation models over county records and 6 qualifying comparable sales.

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?
B-3
Itis intended to provide sites for more diversified business types that are often incompatible with the pedestrian movement in the B-1 Ne...
General categoryCOMMERCIAL
JurisdictionIONIA

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 agency11.7
Law Firm10.1
Storage Facility9.5

Location

440 Swartz Ct Ionia, MI 48846-2139
County assessor Recorded deeds · 1 transfer 6 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
205 Steele, Ionia, MI 48846-2005 $200,000 Nov 2024 6,500 SF
272 Main, Ionia, MI 48846-1750 $42,000 Oct 2024 1,974 SF
2275 State Rd, Ionia, MI 48846-9503 $160,000 Sep 2024 N/A
603 Adams, Ionia, MI 48846-1774 $1,150,000 Mar 2024 11,157 SF
420 Steele, Ionia, MI 48846-9401 $280,000 Nov 2018 7,503 SF
1015 Lincoln, Ionia, MI 48846-1442 $22,000 Oct 2018 704 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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