Property profile

231 9th Mile Rd Ferndale, MI 48220

OFF-MARKET
Turn key restaurants
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Property ID
US43-1364405
8,400 SF 0.23 ac Built 1925
Last sale Apr 2024·$1,095,659
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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 · 2023

What does the county charge?
$44k
Tax billed · 2023
Assessed value · 2024$719k
Effective rate6.09%

Value estimate

· Nov 2026
$1.10M
$986k – $1.20M
AI approach$1.10M
Submarket $/SF estimate$1.24M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$91/SF
Submarket average, outlier-cleaned · 147 recorded sales of this use type
Observed band · Q1–Q3$50 – $147

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?
BI
JurisdictionOAKLAND

Location intelligence

Which uses thrive at this corner?
Best fit: Daycare Center
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Daycare Center11.2
Home Appliance Store9.7
Locksmith9.6

Location

231 9th Mile Rd Ferndale, MI 48220-1789
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file 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
22600 Woodward, Ferndale, MI 48220-1810 $1,820,000 Sep 2024 9,629 SF
611 9th Mile, Ferndale, MI 48220-1760 $860,000 Jun 2024 6,108 SF
3351 Hilton, Ferndale, MI 48220-3607 $2,375,000 May 2024 3,104 SF
990 8th Mile, Ferndale, MI 48220-2321 $120,000 Oct 2023 3,540 SF
141 9th Mile, Ferndale, MI 48220-1730 $550,000 Mar 2023 4,563 SF
927 Hilton, Ferndale, MI 48220-2522 $1,050,000 Jul 2022 8,400 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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Rey answers here. ChatGPT, Grok and Claude get the same data packet.

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

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