Financial
Distress signals
Property profile

19430 Mount Elliott St Detroit, MI 48234

FOR SALE
Auto shops
Property ID
US43-1688353
15,876 SF 1.41 ac lot Built 1950
Last sale Sep 2011 · $60,000
Individually Owned Owner of record is an individual. 10-yr Hold Held for 10 years. Free & Clear No active or open recorded mortgage detected.
Saved · see the list in your Dashboard
Market Trends Soon

Property summary

AI-generated overview

This exceptional 14,000-square-foot industrial warehouse, situated on a 1.4-acre lot in Wayne County's Detroit E of Woodward submarket, presents a significant opportunity. The single-tenant property boasts a prime location with easy access via Mount Elliott St and 7 Mile Rd. Built in 1950 and renovated in 2011, the building features a spacious layout with 12-20 foot ceiling heights, ideal for various industrial uses. Loading and unloading are facilitated by two dock-high doors and one

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included 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 · 2020

What does the county charge?
$14k
Tax billed · 2020
Assessed value · 2024$180k
Effective rate8.05%

Value estimate

· Sep 2026
$490k
$441k – $539k
NOI build-up
Gross scheduled income$102k
Vacancy & credit loss−$5k
Operating expenses−$29k
NOI · 5.40% cap applied$68k

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

Recently sold

What actually traded nearby?
$60/SF
ZIP average, outlier-cleaned · 17 recorded sales of this use type
Observed band · Q1–Q3$27 – $144
Qualifying comparables4

Cap rate analysis

How does the asset earn?
5.40%
$68k 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?
M4
The M4 intensive industrial district permits objectionable industrial uses, restricts new residential construction except for loft conver...
General categoryINDUSTRIAL
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 agency56.4
Law Firm39.2
Dental Office35.2

Location

19430 Mount Elliott St Detroit, MI 48234
County assessor Recorded deeds · 2 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 · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
3600 8th Mile, Detroit, MI 48234-1006 $200,000 Sep 2024 8,424 SF
5357 Outer, Detroit, MI 48234-3400 $50,000 Jan 2024 8,968 SF
11037 7th Mile, Detroit, MI 48234-3732 $135,000 Aug 2023 4,486 SF
4400 7th Mile, Detroit, MI 48234-2106 $120,000 Jul 2023 3,650 SF
11146 Mcnichols, Detroit, MI 48234-3928 $45,000 Mar 2022 5,130 SF
5375 Outer, Detroit, MI 48234-3400 $14,000 Mar 2022 5,568 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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message