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Financial
Distress signals
Property profile

20359 Conant St Detroit, MI 48234

FOR SALE
Other individual retail properties
Property ID
US43-0942351
1,054 SF 0.08 ac lot Built 1968
Last sale Mar 2018 · $37,500
Entity Owned Owner of record is a legal entity (LLC / corporation). 8-yr Hold Held for 8 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

A 1,054-square-foot solid brick storefront building located on Conant Street, configured with an open interior layout and large front windows for street-facing visibility. The building has historically been used for commercial purposes, including a barber shop and a soul food restaurant, and is set up to support a retail or other commercial storefront use with a straightforward existing configuration. It is positioned along Conant Street near major roads and freeways, providing traffic exposure and prominent frontage.

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 · 2020

What does the county charge?
$3k
Tax billed · 2020
Assessed value · 2024$25k
Effective rate11.17%

Value estimate

· Oct 2026
$85k
$77k – $94k
NOI build-up
Gross scheduled income$20k
Vacancy & credit loss−$1k
Operating expenses−$6k
NOI · 23.65% cap applied$13k

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?
23.65%
$13k 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?
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 agency37.5
Law Firm35.3
Dental Office24.1

Location

20359 Conant St Detroit, MI 48234
County assessor Recorded deeds · 4 transfers Qualifying comp sales · not on file 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
5041 Nevada, Detroit, MI 48234-2234 $160,000 Jan 2025 1,600 SF
18560 Conant, Detroit, MI 48234-1632 $17,000 Oct 2024 1,292 SF
19735 Conant, Detroit, MI 48234-1330 $44,355 Feb 2024 1,280 SF
11223 7th Mile, Detroit, MI 48234-3713 $15,000 Nov 2023 1,000 SF
5130 8th Mile, Detroit, MI 48234-1132 $400,000 Sep 2023 1,800 SF
19141 Van Dyke, Detroit, MI 48234-3347 $65,000 Jul 2023 1,940 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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