Property profile

420 Leigh St Detroit, MI 48209

OFF-MARKET
Office buildings
Property ID
US43-4756946
11,301 SF 6.87 ac lot Built 1985
Entity Owned Free & Clear
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1985
Total area 11,301 SF
Lot 6.87 ac (299,257 SF)
Zoning code M4
APN 20005896.
UPID US43-4756946

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Family Recreation Center
  • Sports Field & Court Sports School
  • Sports Field & Court Sports School
  • Sports Field & Court Sports School
  • Family Recreation Center

Location

420 Leigh St Detroit, MI 48209-2614
Detroit metro Census 524600 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$697k
Blend (final) Blend
$345k

Owner & transaction history

Zoning & alternative use

M4 · Detroit, MI
Zoning description

ff. 5-28-2005) Sec. 50-7-4. - Industrial Districts. Industrial districts within the City are as follows: (1) M1 Limited Industrial District. (2) M2 Restricted Industrial District. (3) M3 General Industrial District. (4)…

General category INDUSTRIAL
Top alternative use upside
Commercial (general) $1.0M +48.1%
Restaurant $1.0M +48.0%
Neighborhood: shopping center $855,000 +22.9%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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