Financial
Distress signals
Property profile

565 Larned St Detroit, MI 48226

OFF-MARKET
Office buildings
Property ID
US43-1455417
29,880 SF 0.24 ac lot Built 1916
Last sale Jul 2015 · $2,100,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 9-yr Hold Held for 9 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This mixed-use building has an adaptable interior layout that can support retail, office, restaurant uses, or redevelopment. The first floor was historically used as a restaurant space (Opus One Restaurant). The property includes an on-site private parking lot, and there is additional nearby parking in the area; the included parking lot is 0.276 acres (12,027 SF) located at 550 E Larned. The property’s surrounding amenities reflect a Bike Score of 70 (very bikeable), a Walk Score of 67 (somewhat walkable), and a Transit Score of 47 (some transit options).

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 · 2020

What does the county charge?
$87k
Tax billed · 2020
Assessed value · 2024$1.36M
Effective rate6.41%

Value estimate

· Sep 2026
$2.09M
$1.88M – $2.30M
Submarket $/SF estimate$3.04M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$62/SF
Submarket average, outlier-cleaned · 206 recorded sales of this use type
Observed band · Q1–Q3$25 – $102

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
B6
The B6 general services district provides for wholesaling, transport, food services and similar activities essential to the commerce and ...
General categoryUNKNOWN
JurisdictionWAYNE

Location intelligence

Which uses thrive at this corner?
Best fit: Electrical Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Electrical Service10.3
Dry Cleaner9.5
Kitchen & Bath9.4

Location

565 Larned St Detroit, MI 48226-4366
County assessor Recorded deeds · 7 transfers 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

3 recorded sales · 16 properties nearby
Recent sales nearby
3 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
426 Clinton St, Detroit, MI 48226-2316 $2,500,000 Feb 2025 No data
1322 Broadway, Detroit, MI 48226-2202 $440,934 Oct 2024 10,115 SF
615 2nd, Detroit, MI 48226 $1,300,000 Jan 2019 18,400 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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