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    8143 Eight Mile Rd Detroit, MI 48221

    Sponsored
    For Sale
    $199,999

    High-traffic Detroit commercial land, excellent investment.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial land opportunity encompasses four contiguous lots totaling 10,000 square feet, strategically located on Eight Mile Road in Detroit, Michigan, zip code 48221. The property boasts 100 feet of prime street frontage, ensuring high visibility and accessibility for any business. Zoned COMMARIL, this parcel presents a versatile canvas for a wide range of commercial ventures. The asking price of $199,999 includes all four lots: 8143 Eight Mile Road, 8149 Eight Mile Road, 8139 Eight Mile Road, and 8135 Eight Mile Road. Situated in a high-traffic area along Eight Mile Road, this property offers unparalleled exposure to a substantial customer base. The location within Wayne County, Michigan provides easy access to major transportation routes and a thriving commercial landscape. This is a rare opportunity to acquire a significant commercial land holding in a prime Detroit location. Don't miss out on this chance to build your business in a high-demand area. The property is privately owned and ready for immediate development.

    Property Features for 8143 Eight Mile Rd

    General Information

    Property type
    Land

    HighLights

    • B4‑zoned commercial land for sale.
    • High‑traffic Eight Mile Road location.
    • 100 feet of street frontage.
    • Includes four contiguous lots: 8149, 8139, and 8135 Eight Mile Road.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store 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
    -83.1532928
    Latitude
    42.4455605

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    FAQs

    What type of property is this?
    Land - High-traffic Detroit commercial land, excellent investment.
    Where is this land located?
    The property is located at 8143 Eight Mile Rd Detroit, MI.
    What is the asking price?
    The asking price for this property is $199,999.
    What are key features of this property?
    This property features: B4-zoned commercial land for sale.; High-traffic Eight Mile Road location.; 100 feet of street frontage.
    (248) 210-3701
    Request Owner's contact information
    8143 Eight Mile Rd Detroit, MI 48221
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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
    8143 Eight Mile Rd Detroit, MI 48221
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