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Financial
Distress signals
Property profile

26289 8th Mile Rd Redford, MI 48240

OFF-MARKET
Auto shops
Property ID
US43-1032622
7,556 SF 0.29 ac lot Built 1954
Last sale Jan 2022 · $194,820
Individually Owned Owner of record is an individual. 4-yr Hold Held for 4 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a commercial building with high-traffic frontage and curbside access, and it was historically used as a mechanic/collision shop before being used for storage. It is equipped with six overhead garage doors and has compressed air line plumbing installed throughout the building. The structure includes a 1,000 square foot mezzanine area that provides additional space beyond the stated total square footage. The site includes a parking lot that was resurfaced in 2022. The building…

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.

Debts

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 · 2019

What does the county charge?
$9k
Tax billed · 2019
Assessed value · 2024$140k
Effective rate6.76%

Value estimate

· Oct 2026
$185k
$167k – $204k

Realmo valuation models over county records and 4 qualifying comparable sales.

Recently sold

What actually traded nearby?
$61/SF
Submarket average, outlier-cleaned · 279 recorded sales of this use type
Observed band · Q1–Q3$29 – $104
Qualifying comparables4

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

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: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm31.5
Realty agency30.9
Spa & Massage18.0

Location

26289 8th Mile Rd Redford, MI 48240-1137
County assessor Recorded deeds · 5 transfers 4 qualifying comp sales 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 · 17 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
27307 7th Mile, Redford, MI 48240-2016 $190,000 Aug 2021 5,796 SF
26350 Grand Riv, Redford, MI 48240-1502 $110,000 Feb 2021 3,907 SF
25755 Grand Riv, Redford, MI 48240-1432 $300,000 Jan 2020 5,637 SF
26196 6th Mile, Redford, MI 48240-2217 $335,000 Oct 2019 5,385 SF
25300 Grand Riv, Redford, MI 48240-1405 $450,000 Aug 2019 11,161 SF
27272 6th Mile, Redford, MI 48240-2324 $175,000 Dec 2018 4,929 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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