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Financial
Distress signals
Property profile

547 Harper Ave Detroit, MI 48202

OFF-MARKET
Commercial land
Property ID
US43-1195340
53,795 SF 0.94 ac lot Built 1941
Last sale Dec 2014 · $101,700
Entity Owned Owner of record is a legal entity (LLC / corporation). 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 0.94-acre commercial land parcel, located at 547 Harper Ave in Detroit, Michigan (zip code 48202), presents a unique investment opportunity. Priced at $1,450,000 ($1,329,787 per acre), this property is zoned for commercial use and situated in the rapidly growing Milwaukee Junction neighborhood. Its strategic location offers unparalleled access to major highways I-75 and I-94, providing excellent visibility and convenient transportation links. The property benefits from its…

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?
$2k
Tax billed · 2020
Assessed value · 2024$214k
Effective rate1.14%

Value estimate

· Oct 2026
$1.82M
$1.63M – $2.00M
Submarket $/SF estimate$1.83M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$91/SF
Submarket average, outlier-cleaned · 293 recorded sales of this use type
Observed band · Q1–Q3$34 – $170

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?
R5
This R5 medium density residential district is designed to provide for a range of residential development from the single family detached...
General categoryRESIDENTIAL
JurisdictionWAYNE

Location intelligence

Which uses thrive at this corner?
Best fit: Hair Salon
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Hair Salon13.8
Nail Salon12.7
Kitchen & Bath11.4

Location

547 Harper Ave Detroit, MI 48202-3537
County assessor Recorded deeds · 5 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

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
612 Glynn, Detroit, MI 48202-1442 $176,457 Oct 2024 8,355 SF
329 Alger, Detroit, MI 48202-2101 $345,000 Aug 2023 6,666 SF
61 Palmer, Detroit, MI 48202-3630 $300,000 Jan 2023 5,189 SF
7634 Woodward, Detroit, MI 48202-2847 $2,221,850 Jan 2023 8,000 SF
447 Antoinette, Detroit, MI 48202-3418 $1,510,000 May 2022 9,616 SF
8324 Woodward, Detroit, MI 48202-2561 $125,000 Feb 2022 23,358 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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