Financial
Distress signals
Property profile

4611 24th Ave Fort Gratiot, MI 48059

OFF-MARKET
Other commercial real estate
Property ID
US43-4548973
46,542 SF 4.96 ac lot Built 1994
Last sale Jul 2023 · $4,000,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a single-tenant commercial building in Fort Gratiot, Michigan, situated on a 4.98-acre lot adjacent to Hobby Lobby and Ulta, with nearby major retail uses. The building is approximately 37,478 square feet and is configured for parking and potential repurposing. It is structured under a net-net-net (NNN) lease arrangement that assigns limited responsibilities to the landlord. The building had a roof replacement in 2016 and includes remaining roof warranty coverage (approximately

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?
$56k
Tax billed · 2023
Assessed value · 2024$2.13M
Effective rate2.62%

Value estimate

· Sep 2026
$5.30M
$4.77M – $5.83M
CAP approach$4.94M
Sales comparison$4.91M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$91/SF
County average, outlier-cleaned · 67 recorded sales of this use type
Observed band · Q1–Q3$47 – $140

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-2*
JurisdictionSAINT CLAIR

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 agency14.3
Parking Facility10.9
Electrical Service10.6

Location

4611 24th Ave Fort Gratiot, MI 48059-3403
County assessor Recorded deeds · 3 transfers 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 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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