Financial
Distress signals
Property profile

62505 Gratiot Ave Lenox, MI 48048

OFF-MARKET
Commercial real estate
Property ID
US43-1790747
2,920 SF 47.73 ac lot Built 1995
Last sale Feb 2019 · $190,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 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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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 · 2022

What does the county charge?
$10k
Tax billed · 2022
Assessed value · 2023$997k
Effective rate1.02%

Value estimate

· Sep 2026
$2.06M
$1.85M – $2.26M
Submarket $/SF estimate$2.06M

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

Recently sold

What actually traded nearby?
$391/SF
Submarket average, outlier-cleaned · 27 recorded sales of this use type
Observed band · Q1–Q3$69 – $704
Qualifying comparables9

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?
RESTAURANT
JurisdictionMACOMB

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Repair Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Repair Shop8.3
Smoke and Vape Shop8.1
Gym & Fitness6.9

Location

62505 Gratiot Ave Lenox, MI 48048-1412
County assessor Recorded deeds · 3 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
35931 26th Mile, Lenox, MI 48048-3004 $2,755,000 Mar 2025 2,964 SF
58510 Main, New Haven, MI 48048-2679 $170,000 Jan 2023 3,000 SF
57882 Lutes, New Haven, MI 48048-2745 $12,500 Oct 2022 3,348 SF
36125 26th Mile, Lenox, MI 48048-3100 $525,000 Apr 2022 1,980 SF
58025 Main, New Haven, MI 48048-2633 $105,000 Dec 2021 1,836 SF
59010 Main, New Haven, MI 48048-1859 $60,000 Dec 2021 1,500 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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