Financial
Distress signals
Property profile

450 Ft St Detroit, MI 48226

OFF-MARKET
Retail space
Property ID
US43-1587330
12,587 SF 0.17 ac lot Built 1927
Last sale Mar 2019 · $190,000
Entity Owned Owner of record is a legal entity (LLC / corporation). ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a commercial building with a reported total size of 17,901 square feet. It is described as a historic landmark that has been in use since 1959. The space is configured for multiple tenants, with a diverse mix of occupancy.

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included 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.

Mortgages

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?
$52k
Tax billed · 2020
Assessed value · 2024$954k
Effective rate5.48%

Value estimate

· Sep 2026
$225k
$203k – $248k

Realmo valuation models over county records and 4 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 comparables4

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?
PCA
The public center adjacent district (restricted central business district) includes property in close proximity to the public center dist...
General categoryCOMMERCIAL
JurisdictionWAYNE

Location intelligence

Which uses thrive at this corner?
Best fit: Electrical Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Electrical Service11.2
HVAC Service10.2
Kitchen & Bath9.9

Location

450 Ft St Detroit, MI 48226-3169
County assessor Recorded deeds · 5 transfers 4 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

2 recorded sales · 18 properties nearby
Recent sales nearby
2 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1326 Broadway, Detroit, MI 48226-2202 $260,500 Dec 2024 5,562 SF
125 Michigan, Detroit, MI 48226-2611 $125,000 Jan 2022 9,009 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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