Property profile

3845 8 Mile Rd Detroit, MI 48221

OFF-MARKET
Retail properties & Spaces
3,800 SF
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Property summary

AI-generated overview

This 3,800 square foot storefront, located at 3845 W. Eight Mile Road in Detroit, Michigan (zip code 48221), presents a compelling investment opportunity. The property is zoned B4 - General Business, offering considerable flexibility for a variety of retail or office uses. Situated in the Green Acres community, a 24-hour patrolled area, this building benefits from a high-traffic location on West 8 Mile Road, just two blocks east of Livernois Avenue and west of Woodward Avenue, ensuring excellent visibility and accessibility. The asking price is $299,000, translating to $78.68 per square foot. This prime location provides convenient access to major roadways and highways, making it an ideal spot for businesses needing easy access for customers and suppliers. The property's versatile space and strategic location within Detroit's dynamic commercial landscape make it an attractive prospect for investors seeking a strong return. This is a standalone offering

Property profile

Verified
Property type Retail properties & Spaces
Total area 3,800 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

3845 8 Mile Rd Detroit, MI 48221
Detroit metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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