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Property profile

26621 7th Mile Rd Redford, MI 48240

OFF-MARKET
Other individual retail properties
Property ID
US43-0407241
3,332 SF 0.22 ac lot Built 1947
Last sale Aug 2022 · $186,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 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 standalone retail building with 2,843 square feet of space, located just off the corner of 7 Mile and Gaylord, positioned near a key intersection. The interior features an existing retail build-out that supports retail operations while retaining flexibility for alternative concepts; it has also been used as a drop-off laundromat. The layout provides a straightforward retail footprint suitable for continued retail use or a change in use.

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 · 2019

What does the county charge?
$7k
Tax billed · 2019
Assessed value · 2024$61k
Effective rate11.98%

Value estimate

· Oct 2026
$170k
$153k – $187k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$72/SF
Submarket average, outlier-cleaned · 37 recorded sales of this use type
Observed band · Q1–Q3$40 – $116

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 agency21.9
Law Firm21.8
Spa & Massage10.9

Location

26621 7th Mile Rd Redford, MI 48240-1960
County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file 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 · 14 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
27133 Grand Riv, Redford, MI 48240-1606 $139,000 Sep 2024 3,575 SF
25195 6th Mile, Redford, MI 48240-2103 $850,000 Dec 2022 4,200 SF
26802 7th Mile, Redford, MI 48240-1905 $225,000 Oct 2022 2,700 SF
25825 7th Mile, Redford, MI 48240-1806 $20,632 Sep 2022 2,760 SF
26114 6th Mile, Redford, MI 48240-2217 $122,275 Jan 2021 2,800 SF
27253 7th Mile, Redford, MI 48240-2014 $855,750 Jan 2021 2,772 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
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

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

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