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Financial
Distress signals
Property profile

26095 5 Mile Rd Redford, MI 48239

FOR LEASE
Banks
Property ID
US43-1438900
3,919 SF 0.7 ac lot Built 1955
Last sale Oct 2024
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 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

A nearly 4,000-square-foot commercial building in Redford Township, Wayne County, Michigan, previously used as a Comerica Bank, located on Five Mile Road on a 0.70-acre lot with approximately 323 feet of frontage and extensive on-site parking. The masonry structure features a prominent exterior façade and a large glass storefront entry, with an interior layout that includes multiple private offices, open workspaces, conference areas, teller-style partitions, and secure rooms. The property…

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 · 2019

What does the county charge?
$18k
Tax billed · 2019
Assessed value · 2024$280k
Effective rate6.26%

Value estimate

· Oct 2026
$350k
$315k – $385k
Submarket $/SF estimate$524k
NOI build-up
Gross scheduled income$69k
Vacancy & credit loss−$16k
Operating expenses−$13k
NOI · 661.72% cap applied$40k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$151/SF
County average, outlier-cleaned · 44 recorded sales of this use type
Observed band · Q1–Q3$76 – $215

Cap rate analysis

How does the asset earn?
661.72%
$40k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

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 agency23.4
Restaurant14.5
Dental Office14.1

Location

26095 5 Mile Rd Redford, MI 48239
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file Zoning catalog · not on file

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
26968 Plymouth, Redford, MI 48239-2363 $350,000 Jan 2025 4,650 SF
25650 Plymouth, Redford, MI 48239-2027 $250,000 Jan 2024 3,600 SF
15590 Beech Daly, Redford, MI 48239-3804 $725,000 Sep 2022 4,073 SF
23222 Plymouth, Redford, MI 48239-1329 $265,000 Mar 2022 3,120 SF
25740 Plymouth, Redford, MI 48239-2112 $600,000 Feb 2022 2,600 SF
24401 Plymouth, Redford, MI 48239-1616 $500,000 Jan 2022 3,950 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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