Financial
Distress signals
Property profile

18520 Allen Rd Melvindale, MI 48122

OFF-MARKET
Drive through restaurants
Property ID
US43-1715738
3,106 SF 0.7 ac lot
Last sale Feb 2023
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 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.

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?
$22k
Tax billed · 2023
Assessed value · 2024$268k
Effective rate8.32%

Value estimate

· Sep 2026
$375k
$338k – $413k
Submarket $/SF estimate$512k

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$104/SF
County average, outlier-cleaned · 300 recorded sales of this use type
Observed band · Q1–Q3$63 – $165
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?
R1 1 FA
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 agency28.4
Law Firm22.1
Hair Salon17.8

Location

18520 Allen Rd Melvindale, MI 48122-1516
County assessor Recorded deeds · 1 transfer 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 · 8 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
17993 Allen, Melvindale, MI 48122-1570 $200,000 Mar 2025 2,782 SF
18061 Allen, Melvindale, MI 48122-1571 $195,000 Apr 2024 3,325 SF
19219 Allen, Melvindale, MI 48122-1619 $325,000 Oct 2022 3,067 SF
3051 Oakwood, Melvindale, MI 48122-1209 $150,000 Feb 2021 3,100 SF
2630 Oakwood, Melvindale, MI 48122-1351 $340,000 Jun 2020 2,964 SF
18550 Allen, Melvindale, MI 48122-1516 $140,000 Apr 2019 3,500 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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