Financial
Distress signals
Property profile

23440 Grand Riv Ave Detroit, MI 48219

OFF-MARKET
Auto shops
Property ID
US43-1460143
2,080 SF 0.27 ac lot Built 1926
Last sale May 2024 · $249,000
Individually Owned Owner of record is an individual. 2-yr Hold Held for 2 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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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?
$2k
Tax billed · 2020
Assessed value · 2024$63k
Effective rate3.77%

Value estimate

· Sep 2026
$250k
$225k – $275k
AI approach$250k

Realmo valuation models over county records and 10 qualifying comparable sales.

Recently sold

What actually traded nearby?
$87/SF
ZIP average, outlier-cleaned · 21 recorded sales of this use type
Observed band · Q1–Q3$40 – $120
Qualifying comparables10

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: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency26.1
Law Firm24.2
Dental Office19.0

Location

23440 Grand Riv Ave Detroit, MI 48219-3133
County assessor Recorded deeds · 7 transfers 10 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 · 17 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
17245 Telegraph, Detroit, MI 48219-3131 $120,000 May 2025 1,930 SF
18421 Lahser, Detroit, MI 48219-2315 $90,000 Nov 2024 2,396 SF
24605 8th Mile, Detroit, MI 48219-1028 $250,000 Jul 2022 2,226 SF
24207 Grand Riv, Detroit, MI 48219-3015 $800,000 Mar 2022 2,250 SF
20347 8th Mile, Detroit, MI 48219-1465 $700,000 Aug 2021 1,700 SF
18939 7th Mile, Detroit, MI 48219-2764 $65,000 Aug 2020 2,283 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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