Detroit Land Bank
For Sale
Contact for pricing
13498 Healy, Detroit, MI 48212
Brick structure with multiple uses and storage options.
Property Size1,080 SF
Price / SF$5.79
Days on Market338
Property Features for 13498 Healy
General Information
Standard status
Active
Size
1,080 SF
Site & Location
Neighborhood
Davison
Building Details
Year Built
1925
Listing Agency:
Real Estate One-Southfield
Listed By:
Gene Kelley · License #6501293908
(248) 506-1257
Source:
Katie-k
Added: Nov 27, 2025
Changed: Oct 25
Last Checked: Oct 7 at 2:46PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Real Estate One-Southfield
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This brick structure, offered by the Detroit Land Bank Authority, requires significant renovation. Caution is advised during showings. The property offers multiple potential uses and ample storage options. Please note that the Detroit Land Bank Authority is entitled to a tax capture for the 5 tax years subsequent to transferring ownership of the property, which may be incompatible with tax abatements and lot combinations. The DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes to approve such requests. The payment will be determined upon reviewing the development proforma and effect of any tax abatements on the purchase and development financing. Please refer to DLBA proposal guidelines.
Key Highlights
- Brick structure.
- Plenty of storage options.
- Multiple potential uses.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$5,253
Suggested Prices Based on Cap Rates
Cap Rate 5%
$105,060
$105.1K
Cap Rate 7%
$75,043
$75.0K
Cap Rate 9%
$58,367
$58.4K
Market Conditions
NOI Build-Up for 1,080 SF
Gross rent
$7.9K $7.32/SF
− Vacancy
−$402 −$0.37/SF
EGI
$7.5K $6.95/SF
− OpEx
−$2.3K −$2.08/SF
NOI
$5.3K $4.86/SF
Area
Detroit, MI
Vacancy
5.08%
Lease Rate
$7.32 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$105,060
Cap Rate 7%
$75,043
Cap Rate 9%
$58,367
Alternative Uses
Best Use
Retail
$190.0K
$166.3K – $221.7K
NOI $13,302 @ 7.0% cap · market cap 212.83%
Second Best
Warehouse
$109.9K
$96.2K – $128.3K
NOI $7,696 @ 7.0% cap · market cap 123.14%
Theoretical Best
Office A
$238.3K
$208.5K – $278.0K
NOI $16,678 @ 7.0% cap · market cap 266.85%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
427
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48212, MI
43,192
Population
14,739
Households
2.9
Avg Household Size
29
Median Age
16%
College-Educated
68%
High-School Grad
5.3 sq mi
ZIP Area
8,149
Density / Sq Mi
$37,293
Median Household Income
$28,894
Median Earnings
$935
Median Rent
$98,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Detroit, MI
Frequently Asked Questions
What type of property is this?
Storefront property - Brick structure with multiple uses and storage options.
Where is this storefront property located?
The property is located at 13498 Healy Detroit, MI.
What are key features of this property?
This property features: Brick structure.; Plenty of storage options.; Multiple potential uses.
