Financial
Distress signals
Property profile

2453 Russell St Detroit, MI 48207

FOR SALE
Retail space
Property ID
US43-1749410
23,008 SF 0.26 ac lot Built 1916
Last sale Jul 2018
Entity Owned Owner of record is a legal entity (LLC / corporation). 8-yr Hold Held for 8 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

Located at 2453 Russell Street in Eastern Market, this two-story mixed-use building has historically served as a gateway feature for the neighborhood. The property includes commercial and residential components, with multiple established businesses on the main level and, upstairs, one office and seven apartments. The building underwent recent renovations that included roof system replacement, installation of energy-efficient windows, and HVAC updates, combining modern building systems with preservation of its historic character.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. 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?
$12k
Tax billed · 2020
Assessed value · 2024$385k
Effective rate3.01%

Value estimate

· Sep 2026
$300k
$270k – $330k
Submarket $/SF estimate$1.34M
NOI build-up
Gross scheduled income$473k
Vacancy & credit loss−$57k
Operating expenses−$156k
NOI · 6.19% cap applied$260k

Realmo valuation models over county records.

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

Cap rate analysis

How does the asset earn?
6.19%
$260k 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?
B6
The B6 general services district provides for wholesaling, transport, food services and similar activities essential to the commerce and ...
General categoryUNKNOWN
JurisdictionWAYNE

Location intelligence

Which uses thrive at this corner?
Best fit: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply31.5
Auto Repair Shop27.7
Auto Parts Store25.4

Location

2453 Russell St Detroit, MI 48207
County assessor Recorded deeds · 1 transfer 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
2451 Riopelle, Detroit, MI 48207-4524 $450,000 Apr 2025 13,106 SF
2833 Gratiot, Detroit, MI 48207-2449 $610,000 Nov 2022 6,566 SF
2299 Gratiot, Detroit, MI 48207-3205 $380,000 Apr 2022 8,000 SF
4256 Mitchell, Detroit, MI 48207-1522 $230,000 Aug 2021 6,309 SF
6811 Jefferson, Detroit, MI 48207-3726 $260,000 Oct 2020 5,852 SF
1404 Gratiot, Detroit, MI 48207-2723 $1,995,000 Jan 2020 19,919 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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