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Financial
Distress signals
Property profile

10570 Gratiot Ave Detroit, MI 48213

OFF-MARKET
Super regional malls
Property ID
US43-1063152
32,239 SF 2.23 ac lot Built 1999
Last sale Feb 2025
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property consists of three industrial buildings totaling approximately 53,000 square feet, comprising a retail and warehouse building along Gratiot Avenue and two warehouse buildings with frontage on French Road. Combined, the site provides both customer-facing space and industrial-oriented space. The 3.74-acre parcel is located at the northeast corner of Gratiot Avenue and French Road in Detroit, Michigan, and includes two rail spurs. The site is adjacent to the area identified for the future Lear Seating manufacturing facility and is near Detroit City Airport.

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?
$12k
Tax billed · 2020
Assessed value · 2024$355k
Effective rate3.32%

Value estimate

· Oct 2026
$385k
$347k – $424k
Submarket $/SF estimate$1.12M

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$76/SF
Submarket average, outlier-cleaned · 24 recorded sales of this use type
Observed band · Q1–Q3$35 – $91
Qualifying comparables3

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?
M2
The M2 restricted industrial district is designed for a wide range of industrial and related uses which can function with a minimum of un...
General categoryINDUSTRIAL
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 agency41.2
Building Supply30.0
Law Firm29.6

Location

10570 Gratiot Ave Detroit, MI 48213-1227
County assessor Recorded deeds · 1 transfer 3 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

16 properties in this city
Recent sales nearby
No comparable recorded sale in this ZIP
No comparable recorded sale in this ZIP. Our records hold no sale here we could set beside this property for the last 8 years, so the properties below are drawn from the whole city. They are neighbours, not transactions.
Comparable in this city
4 properties of the same type in this city
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