Financial
Distress signals
Property profile

21370 W Mcnichols Rd Detroit, MI 48219

FOR SALE
Banks
Property ID
US43-0919567
3,601 SF 0.71 ac lot Built 1974
Last sale May 2017 · $275,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a retail space located in a busy retail corridor along Grand River Avenue and McNichols Road, across from a Meijer. The space was retrofitted in 2020 and is configured as a fully occupied retail unit.

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?
$8k
Tax billed · 2020
Assessed value · 2024$192k
Effective rate4.36%

Value estimate

· Sep 2026
$255k
$230k – $281k
NOI build-up
Gross scheduled income$108k
Vacancy & credit loss−$6k
Operating expenses−$31k
NOI · 3.97% cap applied$71k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$151/SF
County average, outlier-cleaned · 44 recorded sales of this use type
Observed band · Q1–Q3$76 – $215

Cap rate analysis

How does the asset earn?
3.97%
$71k 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 agency19.7
Law Firm15.1
Parking Facility11.8

Location

21370 W Mcnichols Rd Detroit, MI 48219
County assessor Recorded deeds · 3 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
22435 Grand Riv, Detroit, MI 48219-3111 $170,000 Apr 2025 3,600 SF
18149 Mcnichols, Detroit, MI 48219-4110 $1,000,000 Feb 2025 4,052 SF
18910 7th Mile, Detroit, MI 48219-2759 $750,000 Jan 2025 3,960 SF
19533 7th Mile, Detroit, MI 48219-2720 $120,000 Jan 2024 3,829 SF
20122 Mcnichols, Detroit, MI 48219-3374 $120,000 Oct 2023 4,014 SF
23810 7th Mile, Detroit, MI 48219-1629 $90,000 Apr 2023 3,330 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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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