Financial
Distress signals
Property profile

815 E Main Ave Zeeland, MI 49464

FOR SALE
Banks
Property ID
US43-2215460
2,304 SF 2.52 ac lot Built 2005
Last sale May 2004 · $195,000
Individually Owned Owner of record is an individual. 20-yr Hold Held for 20 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a 2,304-square-foot commercial building located at the east entrance to the city of Zeeland, with access to I-196 and visibility from the area. It is configured to support a range of commercial uses, including retail, office use, food service, or redevelopment, and has no recorded use restrictions. The site includes a large parking lot and a drive-thru feature, and the building was previously used as a bank branch office. Transportation context includes a bike score of 44 (somewhat bikeable) and a walk score of 8 (car dependent).

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?
$19k
Tax billed · 2022
Assessed value · 2023$424k
Effective rate4.42%

Value estimate

· Sep 2026
$225k
$203k – $248k
NOI build-up
Gross scheduled income$36k
Vacancy & credit loss−$1k
Operating expenses−$9k
NOI · 3.69% cap applied$26k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?
3.69%
$26k estimated NOI · market benchmarks for this use type

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

Zoning insight

What can be built here?
I-1
General categoryINDUSTRIAL
JurisdictionOTTAWA

Location intelligence

Which uses thrive at this corner?
Best fit: Restaurant
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Restaurant15.4
Realty agency13.3
Pharmacy12.6

Location

815 E Main Ave Zeeland, MI 49464
County assessor Recorded deeds · not on file Qualifying comp sales · not on file 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 · 11 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
405 Main, Zeeland, MI 49464-1325 $200,000 Jun 2025 1,032 SF
338 Washington, Zeeland, MI 49464-1010 $1,100,000 Jan 2025 3,610 SF
124 Main, Zeeland, MI 49464-1736 $40,000 Jun 2022 1,119 SF
201 Main, Zeeland, MI 49464-1737 $140,000 Feb 2022 2,828 SF
130 Main, Zeeland, MI 49464-1736 $300,000 Oct 2021 2,685 SF
331 Main, Zeeland, MI 49464-1323 $350,000 Aug 2021 1,320 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?”
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