Financial
Distress signals
Property profile

6540 Woodward Ave Detroit, MI 48202

FOR LEASE
Retail space
View Listing
Property ID
US43-0367020
9,422 SF 0.22 ac lot Built 1937
Last sale Sep 2016 · $510,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 7-yr Hold Held for 7 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. 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?
$31k
Tax billed · 2020
Assessed value · 2024$464k
Effective rate6.63%

Value estimate

· Sep 2026
$545k
$491k – $600k
Submarket $/SF estimate$1.07M

Realmo valuation models over county records and 5 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 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: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply24.8
Auto Parts Store20.8
Wholesale Shop18.7

Location

6540 Woodward Ave Detroit, MI 48202
County assessor Recorded deeds · 2 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 · 17 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
8055 Woodward, Detroit, MI 48202-2527 $600,000 Apr 2024 6,122 SF
7451 Woodward, Detroit, MI 48202-3119 $2,900,000 Jan 2024 11,030 SF
671 Bethune, Detroit, MI 48202-2841 $12,500 Nov 2020 4,186 SF
2929 Grand, Detroit, MI 48202-3131 $725,000 Sep 2019 5,118 SF
9053 Woodward, Detroit, MI 48202-1822 $290,000 Mar 2019 5,604 SF
6070 Woodward, Detroit, MI 48202-3518 $900,000 Jan 2019 6,250 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?”
More about this property
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