Property profile

1521 8th Mile Rd Ferndale, MI 48220

OFF-MARKET
Manufacturing properties
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Property ID
US43-5252476
7,020 SF 0.16 ac Built 1960
Last sale Nov 2015·$180,000
Individually Owned Owner of record is an individual. 3-yr Hold Held for 3 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
Market Trends Soon

Property summary

AI-generated overview

A light industrial building located on 8 Mile in Ferndale, east of Woodward, with zoning designated Commercial 201 – BUSINESS, IMPROVED, and suitability for a range of uses including warehouse and storage, distribution, automotive-related uses, retail, landscaping, medical, and supplies. The facility includes a heated and cooled renovated office area and a heated warehouse with approximately 20-foot ceilings and an estimated 18-foot garage door height. The building features a heavy-duty crane,…

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?
$7k
Tax billed · 2023
Assessed value · 2024$144k
Effective rate4.84%

Value estimate

· Nov 2026
$205k
$185k – $226k

Realmo valuation models over county records and 19 qualifying comparable sales.

Recently sold

What actually traded nearby?
$40/SF
Submarket average, outlier-cleaned · 223 recorded sales of this use type
Observed band · Q1–Q3$20 – $68
Qualifying comparables19

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?
II
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 agency25.9
Law Firm24.6
Dental Office15.6

Location

1521 8th Mile Rd Ferndale, MI 48220-2614
County assessor Recorded deeds · 6 transfers 19 qualifying comp sales 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 · 14 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2305 Goodrich, Ferndale, MI 48220-1440 $400,000 Nov 2023 6,758 SF
900 Orch, Ferndale, MI 48220-1439 $350,000 Feb 2023 12,110 SF
2421 Wolcott, Ferndale, MI 48220-1446 $575,000 Jun 2022 7,163 SF
455 Livernois, Ferndale, MI 48220-2385 $555,000 May 2022 8,882 SF
1250 Wordsworth, Ferndale, MI 48220-2624 $497,500 Feb 2022 9,767 SF
1541 8th Mile, Ferndale, MI 48220-2614 $345,000 Aug 2021 9,594 SF
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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Includes: Price & PSF · Cap rate · Location · Zoning

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