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Financial
Distress signals
Property profile

28847 Franklin Rd Southfield, MI 48034

OFF-MARKET
Other sports & entertainment properties
Property ID
US43-1785269
9,933 SF 0.93 ac lot Built 1998
Last sale Jan 2020 · $700,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 6-yr Hold Held for 6 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

Carpe Diem Banquet Hall is a banquet/event venue totaling 9,933 square feet on a 0.94-acre parcel in Southfield, Michigan, located at 28847 Franklin Rd near the intersection of Northwestern Hwy and Franklin Rd. The facility was renovated in 2020 and is configured to accommodate gatherings of up to 350 people, with furnishings, fixtures, and equipment included among the property improvements. The site uses a shared parking arrangement with neighboring owners and is positioned near an intersection with recorded traffic volumes exceeding 77,000 vehicles per day.

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 · 2022

What does the county charge?
$26k
Tax billed · 2022
Assessed value$405k
Assessed land$59k
Assessed improvement$346k
Effective rate6.34%

Value estimate

· Oct 2026
$865k
$779k – $952k
AI approach$910k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

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?
B-3
The General Business District (B-3) is designed to provide sites for diversified business types and is often located so as to serve passe...
General categoryCOMMERCIAL
JurisdictionOAKLAND

Location intelligence

Which uses thrive at this corner?
Best fit: Parking Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Parking Facility12.2
Grocery Store10.3
Kitchen & Bath9.8

Location

28847 Franklin Rd Southfield, MI 48034-1692
County assessor Recorded deeds · 10 transfers 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

9 properties in this city
Recent sales nearby
No comparable recorded sale in this ZIP
No comparable recorded sale in this ZIP. Our records hold no sale here we could set beside this property for the last 8 years, so the properties below are drawn from the whole city. They are neighbours, not transactions.
Comparable in this city
6 properties of the same type in this city
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