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Property profile & analytics
OFF-MARKET
Commercial real estate
7517 Dort Hwy, Mount Morris, MI 48458-2230
Entity Owned
1-yr Hold
Free & Clear
Property ID
US43-4270500
Property summary
AI-generated overview
This exceptional 3,098 square foot storefront, located at 7517 N Dort Hwy in Mount Morris, Michigan, presents a unique investment opportunity. Priced at $250,000 ($81 per square foot), this bank-owned, short sale property sits on a 0.55-acre lot (APN: 1108501049) and is zoned for commercial use. Built in 1946, the building has undergone a complete renovation, boasting a brand new roof, two updated bathrooms, and two new HVAC units. The property's prime location along the busy North Dort Highway ensures high visibility and significant foot traffic, making it ideal for a variety of retail businesses. The spacious interior offers ample room for customization to suit specific business needs. This is a rare chance to acquire a fully renovated, well-located retail space in a thriving Genesee County market. The property's strong fundamentals and recent upgrades make it an attractive investment with excellent potential for return. Serious inquiries are encouraged. The property is located in Mount Morris, MI, zip code 48458.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1946
Total area
3,098 SF
Lot
0.55 ac (24,089 SF)
Zoning code
C-2 HWY COMM
APN
11-08-501-049
UPID
US43-4270500
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
First Renaissance Group INC · 1 yrs held
First Renaissance Group INC
since 2025
Last sale
$82,000
4 recorded transactions
Zoning & alternative use
C-2 HWY COMM · Mount Morris, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Mount Morris submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mount Morris submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2021Property tax & assessments
Tax year 2021
Tax billed
$3,784
Tax year 2021
Assessed value
$70,900
Assessed 2023
Previous assessed
$67,900
+4.4% YoY
Effective rate
5.34%
On assessed value
Total market value
$141,800
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1946
Heating
FORCED AIR
Total area
3,098 SF
Lot
0.55 ac (24,089 SF)
Zoning code
C-2 HWY COMM
APN
11-08-501-049
UPID
US43-4270500
Jurisdiction
GENESEE
Zoning & alternative use
C-2 HWY COMM · Mount Morris, MI
Zoning C-2 HWY COMM · permitted uses
C-2 HWY COMM · Mount Morris, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mount Morris. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1946
Heating
FORCED AIR
Lot
0.55 ac
Current owner
From public records · entity-resolved
First Renaissance Group INC
Entity
Free & Clear · 1 yrs held
Mailing address
8498 N LINDEN RD, MOUNT MORRIS, MI 48458-9314
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 30, 2025
$82,000
First Renaissance Group INC
Bovan Properties LLC
Warranty Deed
—
Oct 7, 2020
—
Bovan Properties LLC
Waneita Bovan
Intrafamily Transfer
related
$80,000 · Elga Credit Union
Mar 6, 2020
—
Connie Masters
Marvin Masters
Quit Claim Deed
related
—
Dec 26, 2018
—
Connie Masters
Masters,jeffery
Quit Claim Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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