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Financial
Distress signals
Property profile

16941 E 9 Mile Rd Eastpointe, MI 48021

FOR SALE
Retail space
Property ID
US43-0713322
593 SF 0.1 ac lot Built 1945
Last sale May 2024 · $140,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

A freestanding retail storefront building constructed in 1945, configured as a standalone retail structure with building signage and billboard signage. The property is situated on a soft-corner position along 16941 E 9 Mile Rd in Eastpointe, Michigan, and includes on-site parking. It is presented for retail use and includes an existing tenant; the tenant is responsible for CAM along with general and routine maintenance.

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 · 2022

What does the county charge?
$4k
Tax billed · 2022
Assessed value · 2023$32k
Effective rate12.82%

Value estimate

· Oct 2026
$140k
$126k – $154k
AI approach$140k
NOI build-up
Gross scheduled income$7k
Vacancy & credit loss−$853
Operating expenses−$2k
NOI · 14,441.52% cap applied$4k

Realmo valuation models over county records and 4 qualifying comparable sales.

Recently sold

What actually traded nearby?
$75/SF
ZIP average, outlier-cleaned · 67 recorded sales of this use type
Observed band · Q1–Q3$51 – $106
Qualifying comparables4

Cap rate analysis

How does the asset earn?
14,441.52%
$4k estimated NOI · market benchmarks for this use type

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

Zoning insight

What can be built here?
B-3
JurisdictionMACOMB

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 agency27.2
Parking Facility17.8
Food Market15.8

Location

16941 E 9 Mile Rd Eastpointe, MI 48021
County assessor Recorded deeds · 4 transfers 4 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
16149 10th Mile, Eastpointe, MI 48021-1131 $30,000 Jul 2025 1,000 SF
19132 10th Mile, Eastpointe, MI 48021-1449 $10,000 May 2025 1,200 SF
21547 Gratiot, Eastpointe, MI 48021-2835 $45,000 Oct 2023 1,200 SF
21543 Gratiot, Eastpointe, MI 48021-2835 $115,000 Aug 2023 1,200 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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