Detroit · Commercial sale
Premier Real Estate and Investments buy 611 W Philadelphia in Detroit for $595,000
A retail building at 611 W Philadelphia, Detroit sold for $595,000 on October 19, 2026. See the seller and buyer net sheets for this sale.
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- Sale price
- $595,000
- Sold
- October 19, 2026
- Property type
- Retail building
- Building area
- 2,900 sq ft
- Price per sq ft
- $205
- Year built
- 1968
A retail building at 611 W Philadelphia in Detroit sold for $595,000 on October 19, 2026. That was 89% above its last recorded sale price, according to the City of Detroit Assessor's property sales records.
The record lists 611 West Philadelphia LLC as the seller and Premier Real Estate and Investments as the buyer.
Assessor's records show 2,900 square feet of building area, a 1968 build year and a 10,977-square-foot lot. The price works out to $205 per square foot. The recorded market value is $181,200, making the sale price 3.3 times that value. The last sale on record was $315,000 in 2018.
This summary was written by AI from public sales records and checked by automated rules. The figures come from the record and the NetSheet.org rules engine. How we make these.
What were the closing costs in Wayne County?
By our estimate, the seller's two largest charges, not counting prorations, were $4,462.50 for the state real estate transfer tax and $2,175.50 for the owner's title insurance policy. Who pays what follows Wayne County custom.
How much did the seller net?
By our estimate, the seller netted about $593,109. That is before any broker commissions and any loan payoff.
How much cash did the buyer bring to closing?
A cash buyer would need about $601,177 at closing. That covers the full price and closing costs.
Source: City of Detroit Office of the Assessor, Property Sales, document 4869358. Property details: Wayne County Assessor. Net sheets are estimates from the NetSheet.org rules engine, not the parties' actual closing statements. Request a correction or removal.
