Property profile

12555 Harper Ave Detroit, MI 48213

FOR SALE
Retail space
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Property ID
US43-1853679
1,200 SF 0.04 ac Built 1948
Last sale Apr 2011
Entity Owned Owner of record is a legal entity (LLC / corporation). 15-yr Hold Held for 15 years. Free & Clear No active or open recorded mortgage detected.
Market Trends Soon

Property summary

AI-generated overview

This exceptional 1,200 square foot retail property presents a unique investment opportunity in Detroit's vibrant Ravendale neighborhood. Located at 12555 Harper Avenue, this versatile space is zoned B4 and ideally suited for a variety of uses, including a bar, convenience store, or storefront. The property boasts a convenient location, just half a mile from I-94 and within a mile of Chandler Park, placing it within a thriving commercial corridor anchored by numerous other small businesses. …

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

No data for this section
What does the county charge?

No tax or assessment record is on file for this parcel in the county feed.

Value estimate

· Nov 2026
$175k
$158k – $193k
NOI build-up
Gross scheduled income$22k
Vacancy & credit loss−$1k
Operating expenses−$6k
NOI$15k

Realmo valuation models over county records and 13 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 comparables13

Cap rate analysis

How does the asset earn?
$15k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

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 agency21.1
Law Firm18.1
Dental Office15.8

Location

12555 Harper Ave Detroit, MI 48213
County assessor · not on file Recorded deeds · 1 transfer 13 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
8909 Holcomb, Detroit, MI 48213-2246 $145,000 Mar 2025 1,500 SF
9252 Erwin, Detroit, MI 48213-2274 $55,000 Sep 2024 1,800 SF
11825 Harper, Detroit, MI 48213-1699 $4,033 Aug 2024 1,830 SF
9901 Chalmers, Detroit, MI 48213-1921 $30,000 Feb 2023 900 SF
9365 Van Dyke, Detroit, MI 48213-1072 $80,000 Jan 2023 1,080 SF
9488 Conner, Detroit, MI 48213-1242 $85,000 Nov 2020 1,449 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
Research This Page with AI

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

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

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