Property profile

14650 8th Mile Rd Oak Park, MI 48237

OFF-MARKET
Commercial land
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Property ID
US43-5119688
0.88 ac
Last sale Jun 2008·$265,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 18-yr Hold Held for 18 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Market Trends Soon

Property summary

AI-generated overview

This exceptional 0.88-acre commercial land parcel presents a remarkable investment opportunity in Oak Park, Michigan. Located at 14650 West Eight Mile Road, this property boasts a highly desirable corner location, benefiting from exceptional visibility and accessibility. With a convenient proximity to the Lodge Freeway (within a quarter-mile), this site enjoys significant traffic exposure, estimated at 70,000 vehicles daily on Eight Mile Road. The property's industrial zoning (APN…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$3k
Tax billed · 2023
Assessed value$43k
Assessed land$43k
Effective rate6.27%

Value estimate

· Nov 2026
$300k
$270k – $330k
AI approach$300k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$91/SF
Submarket average, outlier-cleaned · 293 recorded sales of this use type
Observed band · Q1–Q3$34 – $170

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
LI
LI light industrial. The light industrial district regulations are established to provide sites for manufacturing plants, warehousing, re...
General categoryINDUSTRIAL
JurisdictionOAKLAND

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency25.0
Law Firm21.7
HVAC Service12.6

Location

14650 8th Mile Rd Oak Park, MI 48237-3047
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 10 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
22610 Rosewood, Oak Park, MI 48237-2904 $57,000 Nov 2024 No data
Coolidge, Oak Park, MI 48237 $162,000 Jul 2022 No data
24611 Coolidge, Oak Park, MI 48237-1449 $450,000 Mar 2022 No data
Greenfield Greenfield, Oak Park, MI 48237 $550,000 Jan 2022 No data
21320 Greenfield, Oak Park, MI 48237-3030 $550,000 Jan 2022 No data
13400 8th Mile Rd, Oak Park, MI 48237-3244 $650,000 Sep 2021 No data
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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