Financial
Distress signals
Property profile

7400 Mcnichols Rd Detroit, MI 48234

OFF-MARKET
Warehouses
Property ID
US43-0889956
23,332 SF 4.52 ac lot Built 1966
Last sale Apr 2023 · $850,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This 6,992 square foot, fully renovated bar and restaurant space is available for lease in Detroit, Michigan. Located at 7400 W McNichols Rd, this single-tenant property sits on a 0.19-acre lot and boasts a newly renovated interior completed in 2024. The building, constructed in 1942, features unique architectural details and a mezzanine level offering a bird's-eye view of the main space. The space includes a fully built-out bar with tap plumbing, a fully equipped kitchen with grease traps

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 · 2023

What does the county charge?
$35k
Tax billed · 2023
Assessed value · 2024$293k
Effective rate11.91%

Value estimate

· Sep 2026
$1.02M
$918k – $1.12M
Sales comparison$896k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$32/SF
Submarket average, outlier-cleaned · 187 recorded sales of this use type
Observed band · Q1–Q3$13 – $52
Qualifying comparables3

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?
M4
The M4 intensive industrial district permits objectionable industrial uses, restricts new residential construction except for loft conver...
General categoryINDUSTRIAL
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 agency32.0
Restaurant24.1
Dental Office23.8

Location

7400 Mcnichols Rd Detroit, MI 48234-3935
County assessor Recorded deeds · 1 transfer 3 qualifying comp sales 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
3840 Outer, Detroit, MI 48234-2946 $200,000 Aug 2024 33,446 SF
6315 7th Mile, Detroit, MI 48234-2826 $500,000 May 2024 18,056 SF
8600 7th Mile, Detroit, MI 48234-3629 $90,200 Dec 2023 33,331 SF
18095 Sherwood, Detroit, MI 48234-2812 $400,000 Jun 2021 10,320 SF
17501 Van Dyke, Detroit, MI 48234-3911 $200,000 Apr 2019 81,946 SF
19460 Mt Elliott, Detroit, MI 48234-2741 $525,000 Mar 2019 63,465 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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