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Financial
Distress signals
Property profile

6431 Devils Lake Hwy Addison, MI 49220

FOR SALE
Other commercial real estate
Property ID
US43-2598181
0.47 ac lot
Last sale Jun 2020 · $40,000
Individually Owned Owner of record is an individual. 6-yr Hold Held for 6 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

The property is a church conversion located on Devils Lake Highway in Addison, Michigan. It features a main level with a large great room and soaring ceilings, a kitchen with hard-surface counters and stainless steel appliances, two bedrooms, and full bathrooms that are configured for finishing. The lower level is finished and includes a second kitchen, an expansive recreation area, and two half-baths, along with additional architectural detailing and flexible spaces throughout.

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.

Debts

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?
$3k
Tax billed · 2023
Assessed value · 2024$74k
Effective rate4.26%

Value estimate

· Oct 2026No data for this section
What is it worth?

No value estimate could be modeled: the record carries too little market input for this parcel.

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?
12.44%
$24k 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 Supply9.8
Auto Repair Shop9.5
Wholesale Shop9.0

Location

6431 Devils Lake Hwy 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
211 Main, Addison, MI 49220-9642 $560,000 Mar 2025 No data
6461 Us Hwy 223, Addison, MI 49220-9747 $90,000 Jan 2025 1,500 SF
17075 Us Hwy 223, Addison, MI 49220-9725 $550,000 Nov 2024 11,200 SF
106 Main, Addison, MI 49220-9808 $45,000 Nov 2024 416 SF
122 Steer, Addison, MI 49220-9400 $353,400 Oct 2024 4,448 SF
6000 Us Hwy 223blk, Addison, MI 49220-9733 $205,000 Jul 2024 No data
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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