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Financial
Distress signals
Property profile

7021 N Merriman Rd Garden City, MI 48135

FOR SALE
Turn key restaurants
Property ID
US43-0648719
1,310 SF 0.25 ac lot Built 1956
Last sale Jun 2022 · $140,000
Individually Owned Owner of record is an individual. 4-yr Hold Held for 4 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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7021 N Merriman Rd, Garden City, MI 48135 For Sale
$299,000 1,310 SF
7021 N Merriman Rd, Garden City, MI 48135
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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. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2019

What does the county charge?
$5k
Tax billed · 2019
Assessed value · 2024$70k
Effective rate6.75%

Value estimate

· Oct 2026
$130k
$117k – $143k
NOI build-up
Gross scheduled income$18k
Vacancy & credit loss−$1k
Operating expenses−$5k
NOI · 4.04% cap applied$12k

Realmo valuation models over county records and 11 qualifying comparable sales.

Recently sold

What actually traded nearby?
$104/SF
County average, outlier-cleaned · 300 recorded sales of this use type
Observed band · Q1–Q3$63 – $165
Qualifying comparables11

Cap rate analysis

How does the asset earn?
4.04%
$12k 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.

JurisdictionWAYNE

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 agency33.3
Law Firm30.2
Restaurant23.7

Location

7021 N Merriman Rd Garden City, MI 48135
County assessor Recorded deeds · 3 transfers 11 qualifying comp sales 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 · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
31262 Frd, Garden City, MI 48135-1872 $350,000 May 2024 1,040 SF
31256 Frd, Garden City, MI 48135-1872 $350,000 May 2024 1,040 SF
31232 Frd, Garden City, MI 48135-1872 $350,000 May 2024 800 SF
6623 Middlebelt, Garden City, MI 48135-2146 $135,000 Apr 2024 1,220 SF
32271 Frd, Garden City, MI 48135-1508 $775,000 Jan 2024 1,173 SF
7010 Middlebelt, Garden City, MI 48135-2133 $950,000 Jul 2023 1,763 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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