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Financial
Distress signals
Property profile

3939 3Rd St Detroit, MI 48226

FOR SALE
Retail space
Property ID
US43-0408671
5,393 SF 0.09 ac lot Built 1915
Last sale May 2019 · $250,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 7-yr Hold Held for 7 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property at 3939 3rd Street in Midtown, Detroit is an office building with 5,393 square feet of space, located on 3rd Street between Selden and Alexandrine. It is zoned B4, a classification that allows a wide range of commercial uses, and it is described as being suitable for flexible redevelopment with scope that can be tailored to a future user’s concept. The site’s location provides proximity to nearby destinations including Little Caesars Arena, Selden Standard, Honest John’s, SheWolf, and Mad Nice.

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?
$12k
Tax billed · 2020
Assessed value · 2024$170k
Effective rate6.95%

Value estimate

· Oct 2026
$210k
$189k – $231k
Submarket $/SF estimate$592k
NOI build-up
Gross scheduled income$110k
Vacancy & credit loss−$7k
Operating expenses−$46k
NOI · 19.18% cap applied$57k

Realmo valuation models over county records and 10 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 comparables10

Cap rate analysis

How does the asset earn?
19.18%
$57k 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?
SD1
The SD1 special development district encourages a mix of small scale, pedestrian and transit oriented uses to create a neighborhood chara...
General categoryMIXED_USE
JurisdictionWAYNE

Location intelligence

Which uses thrive at this corner?
Best fit: Nail Salon
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Nail Salon12.8
Kitchen & Bath12.5
Wholesale Shop12.1

Location

3939 3Rd St Detroit, MI 48226
County assessor Recorded deeds · 3 transfers 10 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

4 recorded sales · 18 properties nearby
Recent sales nearby
4 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
4219 3rd, Detroit, MI 48201-1611 $440,000 Apr 2024 956 SF
3169 Woodward, Detroit, MI 48201-2723 $1,200,000 Jun 2023 1,606 SF
3940 3rd, Detroit, MI 48201-1610 $349,000 Sep 2022 850 SF
52 Frst, Detroit, MI 48201-1814 $250,000 May 2019 9,180 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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