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Financial
Distress signals
Property profile

100 Michigan Ave Detroit, MI 48226

OFF-MARKET
Commercial real estate
Property ID
US43-0697153
12,894 SF 0.15 ac lot Built 1938
Last sale Apr 2025 · $3,875,000
Individually Owned Owner of record is an individual. 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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Property summary

AI-generated overview

This exceptional 20,756-square-foot retail space, located at 100 Michigan Ave in Detroit, Michigan, presents a unique investment opportunity. Housed in the historic First Independence Bank Building, this property offers multiple spaces for lease, ranging from a minimum of 6,345 square feet up to the entire 20,756 square feet. Currently, the entire building is vacant, providing a blank canvas for a single large tenant or the potential for multiple smaller businesses. Built in 1915, the…

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.

Debts

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?
$33k
Tax billed · 2020
Assessed value · 2024$370k
Effective rate8.96%

Value estimate

· Oct 2026
$3.09M
$2.78M – $3.40M
CAP approach$2.36M
Submarket $/SF estimate$2.19M

Realmo valuation models over county records and 11 qualifying comparable sales.

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
Qualifying comparables11

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?
B5
Business Districts. Business districts within the City are as follows: (1) B1 Restricted Business District. (2) B2 Local Business and Res...
General categoryCOMMERCIAL
JurisdictionWAYNE

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Parts Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Parts Store17.8
Electrical Service15.4
HVAC Service15.3

Location

100 Michigan Ave Detroit, MI 48226-2623
County assessor Recorded deeds · 4 transfers 11 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

3 recorded sales · 6 properties nearby
Recent sales nearby
3 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1324 Porter, Detroit, MI 48226-2422 $1,311,984 Apr 2025 33,174 SF
2000 Brooklyn, Detroit, MI 48226-1024 $4,100,000 Jan 2020 33,576 SF
1451 Brooklyn, Detroit, MI 48226-2416 $2,550,000 Jan 2020 2,560 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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