Property profile

6224 16th St Detroit, MI 48208

OFF-MARKET
Retail space
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Property ID
US43-1214526
1,632 SF 0.06 ac Built 1914
Last sale Nov 2021·$28,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
Market Trends Soon

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2020

What does the county charge?
$836
Tax billed · 2020
Assessed value · 2024$29k
Effective rate2.93%

Value estimate

· Nov 2026
$105k
$95k – $116k

Realmo valuation models over county records and 14 qualifying comparable sales.

Recently sold

What actually traded nearby?
$69/SF
Submarket average, outlier-cleaned · 738 recorded sales of this use type
Observed band · Q1–Q3$30 – $113
Qualifying comparables14

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?
R2
The R2 two family residential district supports single and two family dwellings, fostering a family oriented environment with conditional...
General categoryRESIDENTIAL
JurisdictionWAYNE

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm24.0
Realty agency19.1
Spa & Massage14.2

Location

6224 16th St Detroit, MI 48208-1302
County assessor Recorded deeds · 4 transfers 14 qualifying comp sales 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 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
5684 Grand Riv, Detroit, MI 48208-1546 $35,000 Jun 2024 1,307 SF
4228 Grand Riv, Detroit, MI 48208-2719 $10,200 Jun 2024 2,332 SF
2971 Warren, Detroit, MI 48208-1949 $225,000 Feb 2024 1,845 SF
6571 Linwood, Detroit, MI 48208-1109 $395,000 Oct 2021 1,680 SF
3200 Warren, Detroit, MI 48208-1952 $37,000 Aug 2021 1,218 SF
6088 14th, Detroit, MI 48208-1644 $3,700 Sep 2019 2,982 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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Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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