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Financial
Distress signals
Property profile

2972 Rochester St Detroit, MI 48206

FOR SALE
Other commercial real estate
Property ID
US43-4772702
11,301 SF 0.15 ac lot Built 1925
Last sale May 2019 · $200,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 7-yr Hold Held for 7 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

This multi-unit residential building is located in Detroit, Michigan and has 15,188 square feet of space on a 0.15-acre lot. The property’s scope of work includes completed major updates and some work that remains in progress, with environmental and utility clearance, a replaced roof, complete exterior tuckpointing, a full perimeter drain tile system, interior demolition and reframing, stack replacements, and temporary power. New exterior porches and balconies are currently underway, and…

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 · 2020

What does the county charge?
$3k
Tax billed · 2020
Assessed value · 2024$63k
Effective rate4.10%

Value estimate

· Oct 2026
$280k
$252k – $308k
NOI build-up
Gross scheduled income$310k
Vacancy & credit loss−$20k
Operating expenses−$130k
NOI · 102.80% cap applied$159k

Realmo valuation models over county records and 15 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 comparables15

Cap rate analysis

How does the asset earn?
102.80%
$159k 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?
R6
The R6 high density residential district allows for a wide range of high density residential accommodations and related uses near high va...
General categoryCOMMERCIAL
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 agency46.7
Law Firm40.3
Restaurant33.0

Location

2972 Rochester St Detroit, MI 48206
County assessor Recorded deeds · 10 transfers 15 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
2987 Gladstone, Detroit, MI 48206-4110 $145,000 Oct 2022 28,696 SF
3295 Rochester, Detroit, MI 48206-1667 $315,000 Aug 2022 23,904 SF
1800 Bethune, Detroit, MI 48206-2764 $482,991 Mar 2022 43,313 SF
2750 Sturtevant, Detroit, MI 48206-3418 $220,000 Jan 2022 22,946 SF
12041 Dexter, Detroit, MI 48206-1009 $15,000 Sep 2021 5,181 SF
11810 Dexter, Detroit, MI 48206-1008 $16,300 Mar 2020 2,250 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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