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Financial
Distress signals
Property profile

31463 Ann Arbor Trl Westland, MI 48185

OFF-MARKET
Other commercial real estate
Property ID
US43-1528495
6.14 ac lot
Last sale Mar 2023 · $165,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property consists of an existing building on a 6.08-acre site and is supported by site-plan approval for a multifamily conversion and addition. The approved concept converts the existing structure into 30 residences, each planned at approximately 1,210 square feet, and develops the remaining land with 34 additional condo-style units, each planned at approximately 1,548 square feet. The design includes two-car attached garages for the new units. The site is located at 31463 Ann Arbor Trail…

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 · 2023

What does the county charge?
$28k
Tax billed · 2023
Assessed value · 2024$606k
Effective rate4.66%

Value estimate

· Oct 2026
$135k
$122k – $149k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$194/SF
ZIP average, outlier-cleaned · 29 recorded sales of this use type
Observed band · Q1–Q3$120 – $245

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 Firm24.1
Realty agency23.7
Restaurant17.2

Location

31463 Ann Arbor Trl Westland, MI 48185-1664
County assessor Recorded deeds · 4 transfers 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 · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
29299 Ann Arbor, Westland, MI 48185-1854 $1,080,000 Jul 2024 No data
35500 Central City, Westland, MI 48185-6746 $4,500,000 Oct 2023 19,464 SF
37623 Frd, Westland, MI 48185-7672 $300,000 Jun 2023 720 SF
8411 Middlebelt, Westland, MI 48185-1810 $169,500 Jan 2023 830 SF
36391 Frd, Westland, MI 48185-2208 $425,000 Jun 2022 1,560 SF
37601 Frd, Westland, MI 48185-7672 $517,000 Apr 2022 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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