Financial
Distress signals
Property profile

420 S Steele St Upper Ionia, MI 48846

FOR LEASE
Industrial land
Property ID
US43-3856492
0.06 ac lot
Last sale Jan 2004 · $175,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 20-yr Hold Held for 20 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Market Trends Soon
420 S Steele St,Unit Upper, Ionia, MI 48846 For Lease
$7 SF/Yr 15,006 SF available
420 S Steele St,Unit Upper, Ionia, MI 48846
View Listing →

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included 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 · 2023

What does the county charge?
$29
Tax billed · 2023
Assessed value$900
Assessed land$900
Effective rate3.22%

Value estimate

· Sep 2026
$220k
$198k – $242k
AI approach$220k
NOI build-up
Gross scheduled income$225k
Vacancy & credit loss−$16k
Operating expenses−$63k
NOI · 2,093,342.86% cap applied$147k

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?
2,093,342.86%
$147k 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?
B-2
Itis intended to cater to the needs of the City's traditional downtown business district, which serves a more significant consumer popula...
General categoryMIXED_USE
JurisdictionIONIA

Location intelligence

Which uses thrive at this corner?
Best fit: Wholesale Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Wholesale Shop10.1
Clothing Store8.1
Auto Parts Store9.8

Location

420 S Steele St, Unit Upper Ionia, MI 48846
County assessor Recorded deeds · not on file 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 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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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?”
More about this property
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