Financial
Distress signals
Property profile

13219 Dexter Ave Detroit, MI 48206

FOR SALE
Retail space
Property ID
US43-4910260
6,240 SF 0.18 ac lot Built 1946
Last sale Dec 2019 · $40,000
Individually Owned Owner of record is an individual. 2-yr Hold Held for 2 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

The property at 13219 Dexter Avenue, Detroit consists of a 6,240-square-foot commercial building constructed in 1946 on a 0.18-acre lot. It is zoned B4 General Business and is situated just off West Davison Street in the Russell Woods area. The site is configured to support multiple development directions that should be verified for compliance with applicable zoning and development requirements, including community-oriented commercial use, multifamily conversion, or indoor urban agriculture.

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included 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?
$12k
Tax billed · 2020
Assessed value · 2024$80k
Effective rate14.66%

Value estimate

· Sep 2026
$255k
$230k – $281k
NOI build-up
Gross scheduled income$135k
Vacancy & credit loss−$16k
Operating expenses−$44k
NOI · 67.45% cap applied$74k

Realmo valuation models over county records and 7 qualifying comparable sales.

Recently sold

What actually traded nearby?
$56/SF
ZIP average, outlier-cleaned · 28 recorded sales of this use type
Observed band · Q1–Q3$21 – $98
Qualifying comparables7

Cap rate analysis

How does the asset earn?
67.45%
$74k 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 agency31.1
Law Firm29.1
Spa & Massage19.7

Location

13219 Dexter Ave Detroit, MI 48206
County assessor Recorded deeds · 4 transfers 7 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
3400 Fenkell, Detroit, MI 48238-2135 $200,000 Feb 2025 5,000 SF
8900 Puritan, Detroit, MI 48238-1166 $800,000 Feb 2025 6,521 SF
2222 Puritan, Detroit, MI 48238-1554 $375,000 Jul 2024 4,500 SF
13639 Linwood, Detroit, MI 48238-2807 $30,000 Nov 2023 4,404 SF
13970 Wyoming, Detroit, MI 48238-2334 $400,000 Sep 2023 5,400 SF
13230 Livernois, Detroit, MI 48238-3163 $370,000 Jul 2023 8,692 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?”
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