Financial
Distress signals
Property profile

440 E Congress St Detroit, MI 48226

FOR SALE
Retail space
Property ID
US43-1810313
84,165 SF 0.39 ac lot Built 1939
Last sale Jan 2013 · $1,120,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 8-yr Hold Held for 8 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 is an office building with a total size of up to 85,539 square feet, located in Detroit’s Central Business District within a B-6 zoning region. The building is situated less than one mile from the I-75 expressway. The existing improvements provide a foundation for repositioning and potential redevelopment for uses consistent with office and medical office occupancy, subject to applicable zoning and approvals.

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included 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.

Mortgages

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 · 2020

What does the county charge?
$271k
Tax billed · 2020
Assessed value · 2024$4.83M
Effective rate5.62%

Value estimate

· Sep 2026
$9.85M
$8.86M – $10.83M
Sales comparison$9.54M
NOI build-up
Gross scheduled income$1.64M
Vacancy & credit loss−$164k
Operating expenses−$591k
NOI · 8.87% cap applied$887k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$69/SF
Submarket average, outlier-cleaned · 738 recorded sales of this use type
Observed band · Q1–Q3$30 – $113

Cap rate analysis

How does the asset earn?
8.87%
$887k 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?
B6
The B6 general services district provides for wholesaling, transport, food services and similar activities essential to the commerce and ...
General categoryUNKNOWN
JurisdictionWAYNE

Location intelligence

Which uses thrive at this corner?
Best fit: Electrical Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Electrical Service10.3
Dry Cleaner9.5
Kitchen & Bath9.4

Location

440 E Congress St Detroit, MI 48226
County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file 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

3 recorded sales · 18 properties nearby
Recent sales nearby
3 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1326 Broadway, Detroit, MI 48226-2202 $260,500 Dec 2024 5,562 SF
125 Michigan, Detroit, MI 48226-2611 $125,000 Jan 2022 9,009 SF
450 Ft St, Detroit, MI 48226-3169 $190,000 Feb 2021 N/A
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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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