Financial
Distress signals
Property profile

8730 Michigan Ave Detroit, MI 48210

OFF-MARKET
Retail space
Property ID
US43-4800542
3,490 SF 0.1 ac lot Built 1924
Last sale May 2024 · $230,000
Individually Owned Owner of record is an individual. 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

The property is a commercial retail/wholesale space totaling approximately 3,800 square feet, configured to support wholesale tobacco distribution and limited in-store operations. It includes organized shelving and product display areas, dedicated storage space, an office area, and customer counter space, along with large exterior signage and substantial street-facing frontage for high visibility. The business space is situated on the highly traveled Michigan Ave border in Dearborn, with

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?
$3k
Tax billed · 2020
Assessed value · 2024$48k
Effective rate6.98%

Value estimate

· Sep 2026
$95k
$86k – $105k
AI approach$95k

Realmo valuation models over county records and 16 qualifying comparable sales.

Recently sold

What actually traded nearby?
$38/SF
ZIP average, outlier-cleaned · 29 recorded sales of this use type
Observed band · Q1–Q3$21 – $54
Qualifying comparables16

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 agency17.4
Law Firm14.8
Dental Office11.8

Location

8730 Michigan Ave Detroit, MI 48210-2060
County assessor Recorded deeds · 3 transfers 16 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
8726 Michigan, Detroit, MI 48210-2060 $60,000 Apr 2025 3,597 SF
4810 Michigan, Detroit, MI 48210-3250 $65,000 Feb 2025 3,858 SF
3260 Jct, Detroit, MI 48210-3204 $70,000 Dec 2024 3,604 SF
8900 Michigan, Detroit, MI 48210-2031 $150,000 Nov 2024 3,240 SF
5602 Martin, Detroit, MI 48210-1607 $33,000 Jan 2024 3,709 SF
8220 Michigan, Detroit, MI 48210-2147 $120,000 Jan 2024 3,108 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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