Financial
Distress signals
Property profile

288 Richter St River Rouge, MI 48218

OFF-MARKET
Other commercial real estate
Property ID
US43-2151906
858 SF 0.06 ac lot
Last sale Dec 2007 · $14,000
Individually Owned Owner of record is an individual. 18-yr Hold Held for 18 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property at 288 Richter St, River Rouge, MI consists of a street-level retail storefront configured for commercial use along Richter St, with approximately 24 ft of frontage and a total area of 638 square feet. The space has historically been used for convenience/retail purposes and is laid out as a practical, street-facing footprint suited for retail, service, or a small office environment, subject to verification of permitted uses. Public records and remarks indicate zoning is R1, with…

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 · 2023

What does the county charge?
$2k
Tax billed · 2023
Assessed value · 2024$24k
Effective rate9.36%

Value estimate

· Sep 2026
$145k
$131k – $160k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$91/SF
Submarket average, outlier-cleaned · 293 recorded sales of this use type
Observed band · Q1–Q3$34 – $170
Qualifying comparables3

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?
R1 ONE
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 agency18.9
Law Firm17.4
Hair Salon14.2

Location

288 Richter St River Rouge, MI 48218-1660
County assessor Recorded deeds · 2 transfers 3 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 · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
168 Great Lks, River Rouge, MI 48218-1566 $583,356 Jan 2024 No data
99 Le Roy, River Rouge, MI 48218-1641 $75,000 Dec 2021 996 SF
235 Burke, River Rouge, MI 48218-1412 $210,000 Mar 2020 No data
228 Burke, River Rouge, MI 48218-1436 $2,500 Oct 2018 No data
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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