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Individually Owned Property summary
This exceptional 6,000 square foot commercial property, located at 9938 Honor Highway in Honor, Michigan (49640), presents a lucrative investment opportunity. Situated on a 1.22-acre lot, this well-maintained building boasts a prime location on US 31, between Beulah and Honor, ensuring high visibility and accessibility. Built in 1991, the property features a multi-tenant configuration with three separate units currently fully occupied, offering immediate cash flow. The building is zoned for… commercial use and includes 20 parking spaces. Unit sizes vary, with one tenant occupying 1200 square feet, another occupying 1200 square feet, and a third occupying 3600 square feet. The current annual rent for two of the tenants totals $28,500. Each unit benefits from individual climate control (separate A/C and heat) and electric meters. The building is well-lit and in excellent condition, featuring bathrooms in all units. The property also includes an irrigated lawn, offering additional space for parking or potential expansion. The asking price is $550,000, representing a price per square foot of $91.67. The lease type is gross, with a remaining lease term of one year. This property is an ideal investment for those seeking a stable, multi-tenant income stream in a desirable location.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Debts
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax
Value estimate
· Oct 2026Realmo valuation models over county records.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 properties nearbyComparable nearby
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $199/month
- Lot area
- 3.69 ac
- Year built
- 1991
- Stories
- 1
- APN
- 02-107-008-10
- Assessed value · 2023
- $260,200
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $199/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
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- Signals, scores & lead lists
- 300 owner contacts a month
- 30 full reports a month
- Ownership
- Owner Contacts
- Location Analytics
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
Cancel anytime.
- Signals, scores & lead lists
- 1500 owner contacts a month
- 150 full reports a month
- Ownership
- Owner Contacts
- Location Analytics
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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