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Financial
Distress signals
Property profile

26902 7th Mile Rd Redford, MI 48240

OFF-MARKET
Manufacturing properties
Property ID
US43-0941960
2,200 SF 0.11 ac lot Built 1963
Last sale Mar 2019 · $109,500
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 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 is a one-story commercial building with approximately 2,200 sq ft of interior space, zoned M-1 (Light Industrial). It is configured as a flex-style warehouse/distribution space with a loading bay door that supports loading and unloading, and an interior layout designed for day-to-day operations. The space is suitable for light industrial and permitted commercial activities, including uses such as warehouse and distribution, contractor operations, light manufacturing, automotive-related uses, and storage, subject to applicable permit and use requirements.

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.

Debts

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 · 2019

What does the county charge?
$3k
Tax billed · 2019
Assessed value · 2024$40k
Effective rate6.58%

Value estimate

· Oct 2026
$110k
$99k – $121k

Realmo valuation models over county records and 13 qualifying comparable sales.

Recently sold

What actually traded nearby?
$47/SF
ZIP average, outlier-cleaned · 26 recorded sales of this use type
Observed band · Q1–Q3$25 – $66
Qualifying comparables13

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

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionWAYNE

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency27.9
Law Firm26.8
Dental Office16.6

Location

26902 7th Mile Rd Redford, MI 48240-2007
County assessor Recorded deeds · 3 transfers 13 qualifying comp sales Zoning catalog · not on file

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 · 17 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
26069 8th Mile, Redford, MI 48240-1135 $95,000 Sep 2024 2,520 SF
26361 8th Mile, Redford, MI 48240-1139 $53,000 Aug 2024 2,600 SF
25389 8th Mile, Redford, MI 48240-1004 $170,000 Apr 2024 2,216 SF
25613 7th Mile, Redford, MI 48240-1768 $55,000 Apr 2022 2,533 SF
26341 8th Mile, Redford, MI 48240-1139 $155,000 Sep 2020 2,600 SF
26325 8th Mile, Redford, MI 48240-1139 $155,000 Sep 2020 2,600 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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