Financial
Distress signals
Property profile

12336 Morang Dr Detroit, MI 48224

FOR LEASE
Retail space
Property ID
US43-1505797
4,125 SF 0.48 ac lot Built 1969
Last sale May 2019 · $110,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
Saved · see the list in your Dashboard
Market Trends Soon

Property summary

AI-generated overview

This commercial building, previously operated as a bank, is configured with a secure vault, private offices, and an open lobby area, along with drive-thru lanes. The property includes an on-site parking lot with approximately 40 spaces and sits on a 0.48-acre lot. The building comprises 4,125 square feet of commercial space, and the site is zoned for flexible commercial use; the parking area includes a portion that has been leased to generate income (financial details omitted).

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?
$9k
Tax billed · 2020
Assessed value · 2024$93k
Effective rate9.39%

Value estimate

· Sep 2026
$130k
$117k – $143k

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$37/SF
ZIP average, outlier-cleaned · 48 recorded sales of this use type
Observed band · Q1–Q3$19 – $58
Qualifying comparables5

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: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm23.3
Realty agency22.8
Skin Care Clinic12.6

Location

12336 Morang Dr Detroit, MI 48224
County assessor Recorded deeds · 4 transfers 5 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 · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
17201 Mack, Detroit, MI 48224-2248 $215,000 May 2025 3,541 SF
11141 Whittier, Detroit, MI 48224-1602 $3,733 Dec 2024 3,707 SF
16215 Warren, Detroit, MI 48224-3266 $45,000 Oct 2024 3,736 SF
11444 Whittier, Detroit, MI 48224-1536 $17,000 Jul 2024 4,207 SF
17305 Harper, Detroit, MI 48224-1963 $95,000 Jul 2024 3,947 SF
17238 Warren, Detroit, MI 48224-2291 $125,000 Jun 2024 3,640 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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message