Property profile

3845 8 Mile Rd Detroit, MI 48221

OFF-MARKET
Retail properties & Spaces
4,820 SF 0.21 ac lot
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Property summary

AI-generated overview

This exceptional Detroit investment opportunity presents two buildings totaling 4,820 square feet on a 0.206-acre lot at 3841 & 3845 W. 8 Mile Road, in the 48221 zip code. Located in Wayne County, Michigan, this property is zoned B4 General Business District, offering versatile usage potential. The asking price is $399,000, translating to $82.78 per square foot. Situated just two blocks east of Livernois Avenue and west of Woodward Avenue, this prime location benefits from high visibility and convenient access to major roadways. The property is within the Green Acres Community, a 24-hour patrolled area, ensuring a secure environment. Ideal for retail or street retail ventures, this property offers immediate availability and presents a strong foundation for business growth within Detroit's dynamic commercial landscape. The buildings are situated at a Michigan turnaround, maximizing exposure. This is a rare opportunity to acquire a well-positioned, versatile commercial property in a thriving Detroit neighborhood.

Property profile

Verified
Property type Retail properties & Spaces
Total area 4,820 SF
Lot 0.21 ac (8,973 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
Google Maps

Value estimations

Realmo proprietary · 4 methods
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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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