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Property profile

3950 Michigan Ave Detroit, MI 48216

OFF-MARKET
Manufacturing properties
Property ID
US43-0804732
9,296 SF 0.21 ac lot Built 1915
Last sale Feb 2010
Entity Owned Owner of record is a legal entity (LLC / corporation). 16-yr Hold Held for 16 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

The property consists of a 9,296-square-foot industrial building constructed in 1915, situated on approximately 0.21 acres. The site is zoned M2, supporting industrial uses. The configuration includes two adjoining parcels at 3944 Michigan Ave and 3948 Michigan Ave; public records describe 3944 Michigan Ave as an industrial-zoned vacant parcel of approximately 4,792 square feet. Together, the combined land area provides space that can be used for parking, outdoor storage, staging, and related…

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 · 2023

What does the county charge?
$4k
Tax billed · 2023
Assessed value · 2024$44k
Effective rate8.07%

Value estimate

· Nov 2026
$230k
$207k – $253k

Realmo valuation models over county records and 41 qualifying comparable sales.

Recently sold

What actually traded nearby?
$40/SF
Submarket average, outlier-cleaned · 223 recorded sales of this use type
Observed band · Q1–Q3$20 – $68
Qualifying comparables41

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?
M2
The M2 restricted industrial district is designed for a wide range of industrial and related uses which can function with a minimum of un...
General categoryINDUSTRIAL
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 agency39.1
Law Firm24.2
Hair Salon21.0

Location

3950 Michigan Ave Detroit, MI 48216-1013
County assessor Recorded deeds · 1 transfer 41 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

18 properties nearby
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. They are neighbours, not transactions.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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