Financial
Distress signals
Property profile

1501 Lafayette Blvd Detroit, MI 48216

OFF-MARKET
Warehouses
Property ID
US43-0408581
13,540 SF 0.29 ac lot Built 1949
Last sale Apr 2019 · $1,150,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 7-yr Hold Held for 7 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

This exceptional 5,000-square-foot flex space, located at 1501 W Lafayette Blvd in Detroit, Michigan, presents a unique opportunity for businesses seeking versatile commercial real estate. The property, situated near the intersection of W Lafayette Blvd and Trumbull, boasts a convenient location within the 48216 zip code. Built in 1949, this two-story building offers a blend of retail and industrial functionality, perfectly suited for a variety of uses. The entire 5,000 square feet is

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 · 2023

What does the county charge?
$8k
Tax billed · 2023
Assessed value · 2024$365k
Effective rate2.27%

Value estimate

· Sep 2026
$1.15M
$1.04M – $1.27M
Sales comparison$709k

Realmo valuation models over county records and 5 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 comparables5

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?
M3
The M3 general industrial district supports industrial operations while regulating congestion and protecting nearby residential areas, pr...
General categoryINDUSTRIAL
JurisdictionWAYNE

Location intelligence

Which uses thrive at this corner?
Best fit: Electrical Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Electrical Service11.8
HVAC Service10.8
Kitchen & Bath10.4

Location

1501 Lafayette Blvd Detroit, MI 48216-1926
County assessor Recorded deeds · 3 transfers 5 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 · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1545 Temple, Detroit, MI 48216-1262 $475,000 Jan 2025 11,088 SF
2607 14th, Detroit, MI 48216-1142 $800,000 Oct 2024 17,284 SF
2530 22nd, Detroit, MI 48216-1076 $1,000,000 Jun 2023 14,488 SF
1616 Ft, Detroit, MI 48216-1915 $88,400 Mar 2023 7,020 SF
1947 Ft, Detroit, MI 48216-1817 $180,000 Jun 2022 11,732 SF
2520 22nd, Detroit, MI 48216-1076 $550,000 Oct 2020 8,802 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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