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Financial
Distress signals
Property profile

2200 Vermont St Detroit, MI 48216

FOR SALE
Retail space
Property ID
US43-1668653
1,500 SF 0.21 ac lot Built 1953
Individually Owned Owner of record is an individual. 20-yr Hold Held for 20 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Market Trends Soon

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?
$935
Tax billed · 2020
Assessed value · 2024$198k
Effective rate0.47%

Value estimate

· Oct 2026
$195k
$176k – $215k
NOI build-up
Gross scheduled income$28k
Vacancy & credit loss−$2k
Operating expenses−$8k
NOI · 4.11% cap applied$18k

Realmo valuation models over county records and 14 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 comparables14

Cap rate analysis

How does the asset earn?
4.11%
$18k 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?
R2
The R2 two family residential district supports single and two family dwellings, fostering a family oriented environment with conditional...
General categoryRESIDENTIAL
JurisdictionWAYNE

Location intelligence

Which uses thrive at this corner?
Best fit: Nail Salon
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Nail Salon15.5
Hair Salon14.9
Realty agency12.3

Location

2200 Vermont St Detroit, MI 48216
County assessor Recorded deeds · not on file 14 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
3607 Michigan, Detroit, MI 48216-1008 $930,600 Mar 2025 5,250 SF
3855 Vernor, Detroit, MI 48216-1442 $200,000 Sep 2022 7,201 SF
3400 Michigan, Detroit, MI 48216-1041 $200,000 Mar 2022 3,487 SF
3640 Michigan, Detroit, MI 48216-1009 $400,000 Jan 2022 2,741 SF
1421 Labrosse, Detroit, MI 48216-1924 $877,000 Nov 2021 4,510 SF
3461 Michigan, Detroit, MI 48216-1040 $105,000 Jun 2021 9,211 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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