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Property profile

1538 Springwells St Detroit, MI 48209

OFF-MARKET
Commercial land
Property ID
US43-0646954
0.08 ac lot
Last sale May 2025 · $153,000
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.
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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?
$497
Tax billed · 2020
Assessed value · 2024$2k
Effective rate22.59%

Value estimate

· Oct 2026
$155k
$140k – $171k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$91/SF
Submarket average, outlier-cleaned · 293 recorded sales of this use type
Observed band · Q1–Q3$34 – $170

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 agency28.1
Law Firm24.5
Spa & Massage13.3

Location

1538 Springwells St Detroit, MI 48209-1950
County assessor Recorded deeds · 6 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
700 Beard, Detroit, MI 48209-2902 $45,000 May 2025 No data
7833 Bank, Detroit, MI 48209-1913 $30,000 Apr 2025 8,738 SF
8539 Jefferson, Detroit, MI 48209-2649 $40,000 Dec 2024 No data
2845 Honorah, Detroit, MI 48209-1178 $2,000 Oct 2024 No data
2835 Honorah, Detroit, MI 48209-1178 $2,000 Oct 2024 No data
2828 Stair, Detroit, MI 48209-1212 $125,000 Sep 2024 No data
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
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

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

Ask Rey → ChatGPT Grok Claude
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