Property profile

220 Canfield St Detroit, MI 48201

OFF-MARKET
Schools
Property ID
US43-1424059
115,950 SF 1.74 ac lot Built 1976
Entity Owned Free & Clear
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Property profile

Verified
Property type Schools
Use group COLLEGE, UNIVERSITY, VOC SCHOOL
Year built 1976
Total area 115,950 SF
Lot 1.74 ac (75,794 SF)
Zoning code R6
APN 01001055-9
UPID US43-1424059

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

220 Canfield St Detroit, MI 48201
Detroit metro Census 517500 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$6.66M
Blend (final) Blend
$6.66M

Owner & transaction history

Zoning & alternative use

R6 · Detroit, MI
Zoning description

lows: (1) R1 Single-Family Residential District. (2) R2 Two-Family Residential District. (3) R3 Low Density Residential District. (4) R4 Thoroughfare Residential District. (5) R5 Medium Density Residential District. (6)…

General category COMMERCIAL
Top alternative use upside
Commercial (general) $10.6M +58.9%
Restaurant $10.6M +58.8%
Neighborhood: shopping center $8.8M +31.9%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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