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    15308 E 8 Mile Rd Detroit, MI 48235

    For Sale
    $1,250,000

    Remodeled strip center with five units and new features.

    Lot size:
    0.28 Acres

    Property Features for 15308 E 8 Mile Rd

    General Information

    Lot size
    0.28 Acres

    Building Details

    Year built
    1959

    Source: F L Andary Realty Company Inc Agent Frederick L Andary Jr

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Remodeled Strip Center For Sale

    This remodeled strip center features five units, including one double unit. The property has a new roof, HVAC system, front windows, and doors. Parking is available in the parking lot, with additional street parking. The units are renting quickly. The unit breakdown includes one unit at 3200 square feet, two units at 1600 square feet each, and one unit at 2000 square feet with an overhead door. This property is suitable for retail purposes.
    Location Intelligence

    Current Use by Public Records

    Strip malls

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -82.964278
    Latitude
    42.449863

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    FAQs

    What type of property is this?
    Strip mall - Remodeled strip center with five units and new features.
    Where is this strip mall located?
    The property is located at 15308 E 8 Mile Rd Detroit, MI.
    What is the asking price?
    The asking price for this property is $1,250,000.
    What are key features of this property?
    This property features: - Remodeled strip center with recent upgrades: new roof, HVAC, front windows and doors.; - Multiple units with varied sizes: 1 @ 3200 sq. ft., 2 @ 1600 sq. ft., 1 @ 2000 sq. ft. with OH Door, and 1 double unit.; - Units are renting quickly, indicating strong demand.
    (313) 886-5670
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    15308 E 8 Mile Rd Detroit, MI 48235
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    Detroit, MI 48235
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    15308 E 8 Mile Rd Detroit, MI 48235
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