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Financial
Distress signals
Property profile

1451 Gratiot Ave Detroit, MI 48207

OFF-MARKET
Refrigerated & Cold Storage
Property ID
US43-0320832
7,404 SF 0.17 ac lot Built 1890
Last sale Nov 2011 · $70,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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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 · 2023

What does the county charge?
$11k
Tax billed · 2023
Assessed value · 2024$123k
Effective rate8.71%

Value estimate

· Oct 2026
$370k
$333k – $407k

Realmo valuation models over county records and 9 qualifying comparable sales.

Recently sold

What actually traded nearby?
$32/SF
Submarket average, outlier-cleaned · 187 recorded sales of this use type
Observed band · Q1–Q3$13 – $52
Qualifying comparables9

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?
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: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply32.4
Auto Repair Shop28.6
Auto Parts Store25.4

Location

1451 Gratiot Ave Detroit, MI 48207-2722
County assessor Recorded deeds · 2 transfers 9 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 · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2238 Mt Elliott, Detroit, MI 48207-3468 $340,000 Sep 2024 6,722 SF
654 Mt Elliott, Detroit, MI 48207-4314 $850,000 Aug 2024 6,616 SF
6445 Jefferson, Detroit, MI 48207-4307 $325,000 Feb 2023 9,334 SF
6450 Hancock, Detroit, MI 48207-1306 $95,000 Aug 2022 8,343 SF
2800 Riopelle, Detroit, MI 48207-4813 $400,000 Mar 2022 5,983 SF
2460 Bellevue, Detroit, MI 48207-3535 $140,000 Oct 2021 8,232 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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