Financial
Distress signals
Property profile

7442 Mcnichols Rd Detroit, MI 48221

OFF-MARKET
Grocery and convenience stores
Property ID
US43-1474613
3,889 SF 0.1 ac lot Built 1962
Last sale Dec 2025 · $258,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 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 a storefront building constructed in 1962, with code-compliant work completed and interior space transitioning toward a near white-box condition. It includes a basement that can provide additional area for a future retail or commercial layout. The building does not have an on-site dedicated parking lot, though two off-site free lots are located across from the building. The address is within Detroit’s Livernois–Six Mile Strategic Neighborhood Fund zone and the Fitzgerald

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?
$4k
Tax billed · 2020
Assessed value · 2024$67k
Effective rate6.01%

Value estimate

· Sep 2026
$85k
$77k – $94k

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

Recently sold

What actually traded nearby?
$76/SF
Submarket average, outlier-cleaned · 24 recorded sales of this use type
Observed band · Q1–Q3$35 – $91
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?
B2
The B2 local business and residential district provides for the day to day consumer goods and services required to serve a small resident...
General categoryCOMMERCIAL
JurisdictionWAYNE

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm34.3
Realty agency21.9
Parking Facility16.2

Location

7442 Mcnichols Rd Detroit, MI 48221-2651
County assessor Recorded deeds · 4 transfers 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
17197 Wyoming, Detroit, MI 48221-2451 $99,000 May 2025 3,777 SF
17401 Wyoming, Detroit, MI 48221-3365 $65,000 May 2025 2,941 SF
8900 7th Mile, Detroit, MI 48221-2004 $32,500 Oct 2024 4,704 SF
17134 Wyoming, Detroit, MI 48221-2452 $4,075 Sep 2024 3,894 SF
6325 Mcnichols, Detroit, MI 48221-2668 $160,000 Sep 2023 3,972 SF
8523 8th Mile, Detroit, MI 48221-1101 $150,000 Jun 2023 3,106 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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