Property profile

15521 7th Mile Rd Detroit, MI 48235

OFF-MARKET
Drug stores
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Property ID
US43-1628490
13,516 SF 1.02 ac Built 2007
Last sale Dec 2014
Entity Owned Owner of record is a legal entity (LLC / corporation). 11-yr Hold Held for 11 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Market Trends Soon

Property summary

AI-generated overview

The property is a for-lease retail drug store space in Detroit, Michigan, configured for retail use. The space totals 12,900 square feet, and it is associated with the site address 15521 W Seven Mile Rd, supporting identification and access for leasing-related inquiries.

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 · 2020

What does the county charge?
$41k
Tax billed · 2020
Assessed value · 2024$543k
Effective rate7.47%

Value estimate

· Nov 2026
$505k
$455k – $556k
Submarket $/SF estimate$1.15M

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

Recently sold

What actually traded nearby?
$60/SF
ZIP average, outlier-cleaned · 52 recorded sales of this use type
Observed band · Q1–Q3$28 – $85
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: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency39.0
Law Firm36.3
Dental Office24.9

Location

15521 7th Mile Rd Detroit, MI 48235-2927
County assessor Recorded deeds · 6 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 · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
15320 Mcnichols, Detroit, MI 48235-3722 $55,000 Mar 2025 3,688 SF
13125 Mcnichols, Detroit, MI 48235-4118 $115,000 Jan 2025 5,555 SF
13144 7th Mile, Detroit, MI 48235-1337 $375,000 Jan 2025 3,600 SF
14777 7th Mile, Detroit, MI 48235-2748 $200,000 Jan 2025 3,962 SF
16435 Mcnichols, Detroit, MI 48235-3355 $760,000 Jun 2024 3,488 SF
12901 8th Mile, Detroit, MI 48235-1115 $120,000 Apr 2024 8,960 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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Rey answers here. ChatGPT, Grok and Claude get the same data packet.

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

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