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Albion 49224
209 Perry Street
$23,500
● Land - Off Market

209 Perry Street

Albion, MI 49224
bedrooms
Studio
bathrooms
0 Bath
$198
Est. Monthly

About This Property

Vacant Lot in the City of Albion - Zones MU - Multi-Use.. Residential or Commercial - Level Lot  66' X 99' - Close to Albion College

Please check with the city of Albion on zoning use. Please do not go on the property without seller's approval in advance & agent to be present.
Unit Size
-
Days on Market
20 days
Land Size
0.15 acres
Price per sqft
-
Property Type
Land
Property Taxes
$8
HOA Dues
-
Year Built
-

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 2 years ago (MichRIC MLS #25019762)

Price History

Date / Event Date Event Price
Oct 6, 2025 Sold
Premium
Sold
Oct 1, 2025 In contract -
In contract
Sep 17, 2025 Relisted $38,500
Relisted
Sep 2, 2025 No longer available -
No longer available
May 5, 2025 Listed by HOWARD HANNA REAL ESTATE SERVI $38,500
Listed by HOWARD HANNA REAL ESTATE SERVI
Show More

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,534
  • Lot Size Depth Feet: 990
  • Lot Size Frontage Feet: 660
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Subdivision: ALBION CITY ORIGINAL
  • Land Acres: 0000000150
  • Standard Land Use Code: 8002
  • County Land Use Code: 202
  • Legal Description 1: ALBION CITY, ORIGINAL PLAT BLK 32 LOT 8 (209 PERRY ST)

Neighborhood

  • School District Name: Albion Public Schools
  • School Tax School District: ALBION
  • Census Tract: 003400

Zoning

  • Zoning: B4

Geography

  • District: 51
  • Parcel: 51-000-548-00
  • Block: 32
  • Lot: 8
  • Municipality: ALBION CITY
  • Latitude: 42.2463
  • Longitude: -84.7508

    Address

  • Full Address: 209 Perry St
  • Address - House Number: 209
  • Address - Street Name: Perry
  • Address - Suffix Type: St
  • State: MI
  • City Name: Albion
  • Carrier Code: C008
  • 4-Digit Zip Code: 1716
  • Zip Code: 49224

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $8,048
  • Initial Tax Delinquent Year: 2022

    Market Valuation

  • Market Total Value: $3,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,500

    Sales

  • Current Sale Contract Date: Jan 09, 1996
  • Current Sale Recording Date: Jan 09, 1996
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Albion

Stats & Trends

Median Asking:

$135,000

Sale Price/ft²

$103

Below Asking

0.07%

Average Days on Market

73

Average Home Size

1488 ft²

Average Home Age

107.6 years

Currently For Sale

16 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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MichRIC

Listed by: JESSIE KOEBBE-WOOD, HOWARD HANNA REAL ESTATE SERVI
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 25019762
Information is deemed reliable but not guaranteed. Copyright 2026 MichRIC, LLC. All rights reserved. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 209 Perry Street built and last sold?
The property at 209 Perry Street was built in and last sold on Jan 9, 1996 for $100.
How much is this home worth?
The estimated value of the home located at 209 Perry Street is $0.
What are some comparable homes to 209 Perry Street?
There are currently no comparable homes to 209 Perry Street.
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