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Property profile

7411 7th Mile Rd Detroit, MI 48234

OFF-MARKET
Auto shops
Property ID
US43-0928212
1,545 SF 0.31 ac lot Built 1954
Last sale Oct 2022 · $69,011
Individually Owned Owner of record is an individual. 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 an auto dealership–type commercial building with two sections of interior space, including a shop area of approximately 840 sq. ft. with a 14-foot ceiling (reported 12-foot clear height) and ancillary office, storage, and restroom space totaling approximately 705 sq. ft. The shop area has two 10 ft x 10 ft overhead doors for vehicle access. Exterior features include a fenced lot of approximately 0.31 acres with parking for approximately 30 to 50 vehicles. The property is…

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?
$5k
Tax billed · 2020
Assessed value · 2024$47k
Effective rate9.95%

Value estimate

· Oct 2026
$90k
$81k – $99k

Realmo valuation models over county records and 8 qualifying comparable sales.

Recently sold

What actually traded nearby?
$60/SF
ZIP average, outlier-cleaned · 17 recorded sales of this use type
Observed band · Q1–Q3$27 – $144
Qualifying comparables8

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?
B4
The B4 general business district provides for business and commercial uses of a thoroughfare oriented nature
General categoryCOMMERCIAL
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 agency23.0
Law Firm20.5
Dental Office12.1

Location

7411 7th Mile Rd Detroit, MI 48234-3177
County assessor Recorded deeds · 3 transfers 8 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
19676 Conant, Detroit, MI 48234-1331 $80,000 Aug 2024 2,000 SF
13018 Van Dyke, Detroit, MI 48234-4110 $65,000 Jul 2023 1,811 SF
5040 7th Mile, Detroit, MI 48234-2261 $500,000 Apr 2023 1,824 SF
17711 Van Dyke, Detroit, MI 48234-3953 $78,000 Mar 2023 1,237 SF
4800 7th Mile, Detroit, MI 48234-2242 $50,000 Nov 2022 1,246 SF
7565 Mcnichols, Detroit, MI 48234-3936 $18,500 Nov 2021 1,600 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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Rey answers here. ChatGPT, Grok and Claude get the same data packet.

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

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