Financial
Distress signals
Property profile

16600 Hamilton Ave Highland Park, MI 48203

FOR SALE
Grocery and convenience stores
Property ID
US43-1311581
6,562 SF 0.34 ac lot Built 2001
Last sale Aug 2004 · $575,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 22-yr Hold Held for 22 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This four-unit commercial plaza was built in 2001 and is configured as one larger unit of approximately 3,655 square feet plus three additional units of approximately 1,000 square feet each. Each unit includes a private restroom and has 13-foot ceiling heights. The building is located along a high-traffic corridor with access to I-75 and the Davison Freeway, supporting commercial visibility and customer access, and it includes ample on-site parking for tenants and customers. The property is…

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.

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?
$13k
Tax billed · 2023
Assessed value · 2024$160k
Effective rate8.36%

Value estimate

· Sep 2026
$530k
$477k – $583k
Submarket $/SF estimate$786k
NOI build-up
Gross scheduled income$53k
Vacancy & credit loss−$3k
Operating expenses−$15k
NOI · 4.33% cap applied$35k

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

Recently sold

What actually traded nearby?
$76/SF
Submarket average, outlier-cleaned · 24 recorded sales of this use type
Observed band · Q1–Q3$35 – $91
Qualifying comparables7

Cap rate analysis

How does the asset earn?
4.33%
$35k 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.

JurisdictionWAYNE

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm23.7
Realty agency22.4
Dental Office20.9

Location

16600 Hamilton Ave Highland Park, MI 48203
County assessor Recorded deeds · 1 transfer 7 qualifying comp sales 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 · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
17600 John R, Detroit, MI 48203-2283 $13,000 Nov 2024 8,500 SF
18932 Woodward, Detroit, MI 48203-1902 $125,000 Jun 2024 4,309 SF
309 7th Mile, Highland Park, MI 48203-1953 $255,000 May 2024 6,336 SF
528 7th Mile, Highland Park, MI 48203-1922 $130,000 Jan 2024 10,604 SF
275 Manchester, Highland Park, MI 48203-3075 $125,000 Nov 2023 10,763 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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