Property profile

18907 Schoolcraft Detroit, MI 48223

OFF-MARKET
Retail space
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Property ID
US43-4959812
1,600 SF 0.05 ac Built 1961
Last sale Apr 2023·$75,000
Individually Owned Owner of record is an individual. 3-yr Hold Held for 3 years. Free & Clear No active or open recorded mortgage detected.
Market Trends Soon

Property summary

AI-generated overview

The property is a versatile building configured to support multiple community-oriented uses, including event gatherings (such as weddings and corporate events) and child-focused programming such as daycare and after-school programs. The interior space is described as flexible, allowing the layout to be adapted for different occasions and activities.

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?
$1k
Tax billed · 2020
Assessed value · 2024$22k
Effective rate4.88%

Value estimate

· Nov 2026
$100k
$90k – $110k

Realmo valuation models over county records and 18 qualifying comparable sales.

Recently sold

What actually traded nearby?
$69/SF
Submarket average, outlier-cleaned · 738 recorded sales of this use type
Observed band · Q1–Q3$30 – $113
Qualifying comparables18

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: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm20.5
Realty agency20.4
Dental Office16.7

Location

18907 Schoolcraft Detroit, MI 48223-2905
County assessor Recorded deeds · 5 transfers 18 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 · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
22233 Fenkell, Detroit, MI 48223-1534 $40,000 Sep 2023 2,000 SF
21500 Fenkell, Detroit, MI 48223-1513 $275,000 Nov 2022 1,638 SF
19236 Grand Riv, Detroit, MI 48223-1707 $80,000 Sep 2022 1,460 SF
20748 Schoolcraft, Detroit, MI 48223-2749 $70,000 Sep 2022 1,276 SF
18523 Schoolcraft, Detroit, MI 48223-3521 $15,000 Jul 2022 1,600 SF
21509 Fenkell, Detroit, MI 48223-1512 $5,000 Aug 2021 2,000 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
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

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

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