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Financial
Distress signals
Property profile

13521 E Mcnichols Rd Detroit, MI 48205

FOR SALE
Apartment buildings
Property ID
US43-0829540
3,140 SF 0.14 ac lot Built 1953
Last sale Jun 2026 · $350,000
Entity Owned Owner of record is a legal entity (LLC / corporation).
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Property summary

AI-generated overview

This exceptional investment opportunity presents a well-maintained, stabilized seven-unit apartment building located at 13521 E McNichols Rd, Detroit, MI 48205. Built in 1953 and extensively renovated in 2022, this single-story, 3,140 square foot building sits on a 0.14-acre lot. Currently boasting a 90% occupancy rate (as of September 1, 2023), the property generates a current Net Operating Income (NOI) of $29,890, representing an 8.54% capitalization rate. The pro-forma NOI is projected at…

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

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

· Oct 2026No data for this section
What is it worth?

No value estimate could be modeled: the record carries too little market input for this parcel.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?
9.41%
$33k estimated NOI · market benchmarks for this use type

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

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

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 agency39.7
Law Firm35.1
Dental Office27.1

Location

13521 E Mcnichols Rd Detroit, MI 48205
County assessor · not on file Recorded deeds · 1 transfer Qualifying comp sales · not on file Zoning catalog · not on file

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 · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
12915 Greiner, Detroit, MI 48205-2679 $4,400 Oct 2024 560 SF
16027 7th Mile, Detroit, MI 48205-2547 $95,000 Apr 2022 792 SF
16047 7th Mile, Detroit, MI 48205-2547 $25,000 Aug 2021 776 SF
16019 7th Mile, Detroit, MI 48205-2547 $30,300 Jul 2020 776 SF
16031 7th Mile, Detroit, MI 48205-2547 $18,500 Dec 2019 804 SF
16015 7th Mile, Detroit, MI 48205-2547 $15,000 Dec 2019 776 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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