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Financial
Distress signals
Property profile

3845 Warren Ave Detroit, MI 48208

OFF-MARKET
Bars & Pubs
Property ID
US43-1694504
2,842 SF 0.07 ac lot Built 1912
Last sale Sep 2024 · $65,000
Individually Owned Owner of record is an individual. 2-yr Hold Held for 2 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 exceptional mixed-use property presents a rare opportunity to acquire a nationally renowned barbecue restaurant and an upper apartment space in the heart of Detroit, Michigan. Established in 1958, this iconic eatery boasts a loyal customer base and significant earning potential. The restaurant's operational equipment is included in the sale, ensuring a seamless transition for the new owner. Financial records, including profit and loss statements, will be provided to qualified buyers…

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?
$915
Tax billed · 2020
Assessed value · 2024$49k
Effective rate1.88%

Value estimate

· Oct 2026
$110k
$99k – $121k

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

Recently sold

What actually traded nearby?
$88/SF
Submarket average, outlier-cleaned · 25 recorded sales of this use type
Observed band · Q1–Q3$39 – $119
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?
B4
The B4 general business district provides for business and commercial uses of a thoroughfare oriented nature
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 agency18.4
Law Firm14.8
Dental Office12.0

Location

3845 Warren Ave Detroit, MI 48208-1821
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 · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
4228 Grand Riv, Detroit, MI 48208-2719 $10,200 Jun 2024 2,332 SF
2971 Warren, Detroit, MI 48208-1949 $225,000 Feb 2024 1,845 SF
2457 Grand, Detroit, MI 48208-1210 $408,000 Feb 2023 4,000 SF
3641 Grand Riv, Detroit, MI 48208-2857 $60,000 Jul 2022 3,647 SF
6571 Linwood, Detroit, MI 48208-1109 $395,000 Oct 2021 1,680 SF
6088 14th, Detroit, MI 48208-1644 $3,700 Sep 2019 2,982 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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