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Property profile & analytics
OFF-MARKET
Estimated value
$1,515,000
Industrial properties
441 Canfield St Detroit, MI 48201-1231
Entity Owned
6-yr Hold
Free & Clear
Property ID
US43-1140078
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Year built
1930
Total area
23,712 SF
Lot
1.54 ac (67,082 SF)
Zoning code
SD2
APN
02000890.
UPID
US43-1140078
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Carhartt - Canfield Women'S Clothing Store Work Clothes Store
-
Avalon on Canfield Bakery Specialty Food Shop
-
Bon Bon Bon Midtown Detroit Bakery Take-out & Catering
-
Shinola Detroit Store (Bike/Boat/Book/etc) Store
-
Jolly Pumpkin Pizzeria and Brewery Bar & Pub Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.61M
Blend (final)
Blend
$1.52M
Owner & transaction history
Shower Curtain Solutions LLC · 6 yrs held
Shower Curtain Solutions LLC
since 2019
4 recorded transactions
Zoning & alternative use
SD2 · Detroit, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Transitional-Industrial District. (6) PR Parks and Recreation District. (7) W1 Waterfront-Industrial District. (8) MKT Market and Distribution District. (9) SD1 Special Development District, Small-Scale, Mixed-Use. (10) SD2 Special Development District, Mixed-Use. (11) SD4 Special Development District, Riverfront Mixed-Use. (12) SD5 Special Development Distr…
Zone name
Special Development District And Mixed Use
General category
MIXED_USE
Zone area
391.73 ac
Source
code of ordinances
Top alternative use upside
Commercial (general)
$2.2M
+127.2%
Restaurant
$2.2M
+127.1%
Neighborhood: shopping center
$1.8M
+88.6%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Detroit submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Detroit submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$955,000
Current use
COMMERCIAL (GENERAL)
$2,165,000
Change: +127% · Conversion: Difficult
RESTAURANT
$2,165,000
Change: +127% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,795,000
Change: +89% · Conversion: Difficult
RETAIL STORES
$1,640,000
Change: +72% · Conversion: Moderate
MEDICAL BUILDING
$1,495,000
Change: +57% · Conversion: Difficult
OFFICE BUILDING
$1,460,000
Change: +53% · Conversion: Difficult
Blend value · Realmo final
$1.52M
Range $1.36M – $1.67M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$64 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$206,459
Tax year 2023
Assessed value
$2,559,000
Assessed 2024
Previous assessed
$2,559,000
+0.0% YoY
Effective rate
8.07%
On assessed value
Total market value
$5,118,000
Applied tax rate
82,010.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Status
Off-Market
Year built
1930
Heating
FORCED AIR
Buildings
3
Stories
1
Total area
23,712 SF
Lot
1.54 ac (67,082 SF)
Zoning code
SD2
APN
02000890.
UPID
US43-1140078
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
SD2 · Detroit, MIZoning SD2 · permitted uses
SD2 · Detroit, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Transitional-Industrial District. (6) PR Parks and Recreation District. (7) W1 Waterfront-Industrial District. (8) MKT Market and Distribution District. (9) SD1 Special Development District, Small-Scale, Mixed-Use. (10) SD2 Special Development District, Mixed-Use. (11) SD4 Special Development District, Riverfront Mixed-Use. (12) SD5 Special Development District, Casinos. (Code 1984, § 61-7-5; Ord. No. 11-05, § 1(61-7-5), eff. 5-28-2005; Or
Zone name
Special Development District And Mixed Use
General category
MIXED_USE
Zone area
391.73 ac
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$955,000
COMMERCIAL (GENERAL)
Est. value
$2.2M
RESTAURANT
Est. value
$2.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.8M
RETAIL STORES
Est. value
$1.6M
MEDICAL BUILDING
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.5M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
MEDICAL BUILDING
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1930
Heating
FORCED AIR
Stories
1
Buildings
3
Lot
1.54 ac
Current owner
From public records · entity-resolved
Shower Curtain Solutions LLC
Entity
Free & Clear · 6 yrs held
Mailing address
441 W CANFIELD ST, DETROIT, MI 48201-1231
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 12, 2019
—
Shower Curtain Solutions LLC
Willys Overland Lofts Assn
Quit Claim Deed
related
—
Jun 4, 2015
—
Shower Curtain Solutions Ltd L
441 Associates LLC
Grant Deed
—
Feb 4, 2015
—
441 Associates LLC
Willys Overland Commercial LLC
Grant Deed
$2,200,000 · Chase Invest Detroit Fund LLC
Oct 2, 2012
—
Willys Overland Commercial LLC
Willys Overland LLC
Warranty Deed
$790,000 · Ncb Capital Impact
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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