Financial
Distress signals
Property profile

6155 Us Highway 223 Addison, MI 49220

FOR LEASE
Commercial real estate
Property ID
US43-1369097
8,715 SF 3.33 ac lot
Last sale Jun 2019 · $365,000
Individually Owned Owner of record is an individual. 7-yr Hold Held for 7 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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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?
$11k
Tax billed · 2023
Assessed value · 2024$254k
Effective rate4.16%

Value estimate

· Sep 2026
$400k
$360k – $440k
NOI build-up
Gross scheduled income$59k
Vacancy & credit loss−$8k
Operating expenses−$13k
NOI · 1,299.56% cap applied$38k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$61/SF
County average, outlier-cleaned · 280 recorded sales of this use type
Observed band · Q1–Q3$34 – $95

Cap rate analysis

How does the asset earn?
1,299.56%
$38k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionLENAWEE

Location intelligence

Which uses thrive at this corner?
Best fit: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply10.0
Auto Repair Shop9.7
Wholesale Shop9.1

Location

6155 Us Highway 223 Addison, MI 49220
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file Zoning catalog · not on file

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
17075 Us Hwy 223, Addison, MI 49220-9725 $550,000 Nov 2024 11,200 SF
122 Steer, Addison, MI 49220-9400 $353,400 Oct 2024 4,448 SF
8311 Us Hwy 127, Addison, MI 49220-9300 $982,500 Jan 2023 6,673 SF
210 Main, Addison, MI 49220-9793 $65,000 Jun 2021 8,842 SF
200 Main, Addison, MI 49220-9707 $1,350,000 Jan 2020 6,860 SF
110 Main, Addison, MI 49220-9808 $30,000 Oct 2019 6,882 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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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