Financial
Distress signals
Property profile

7000 Ft St Detroit, MI 48209

OFF-MARKET
Retail space
Property ID
US43-1788413
20,585 SF 0.29 ac lot Built 1918
Last sale Nov 2017 · $160,000
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

A mixed-use multi-family and retail property portfolio located in Southwest Detroit, approximately two miles from Downtown and near the Gordie Howe International Bridge development. The portfolio includes three buildings plus a vacant corner lot at the intersection of Fort Street and Beard Street. Across the buildings, there are 26 residential units composed of one three-bedroom unit, two two-bedroom units, and eighteen one-bedroom units, along with five ground-floor retail spaces. The property

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?
$9k
Tax billed · 2020
Assessed value · 2024$471k
Effective rate1.96%

Value estimate

· Sep 2026
$1.29M
$1.16M – $1.41M
Sales comparison$1.28M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$44/SF
ZIP average, outlier-cleaned · 21 recorded sales of this use type
Observed band · Q1–Q3$30 – $62

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?
B4
The B4 general business district provides for business and commercial uses of a thoroughfare oriented nature
General categoryCOMMERCIAL
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 agency44.5
Building Supply31.9
Law Firm29.0

Location

7000 Ft St Detroit, MI 48209-2915
County assessor Recorded deeds · 2 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 · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
8621 Vernor, Detroit, MI 48209-3420 $63,000 Feb 2025 6,700 SF
6353 Vernor, Detroit, MI 48209-2002 $250,000 Feb 2025 6,000 SF
1904 Springwells, Detroit, MI 48209-1861 $300,000 Oct 2024 9,746 SF
8807 Vernor, Detroit, MI 48209-1484 $500,000 Nov 2023 7,210 SF
1930 Springwells, Detroit, MI 48209-1861 $180,000 Jul 2023 5,700 SF
5616 Vernor, Detroit, MI 48209-2158 $650,000 Mar 2022 7,613 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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