Financial
Distress signals
Property profile

1541 8th Mile Rd Ferndale, MI 48220

OFF-MARKET
Manufacturing properties
Property ID
US43-0494753
9,594 SF 0.24 ac lot Built 1960
Last sale Aug 2021 · $345,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$12k
Tax billed · 2023
Assessed value · 2024$173k
Effective rate6.78%

Value estimate

· Sep 2026
$365k
$329k – $402k

Realmo valuation models over county records and 16 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 comparables16

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

1541 8th Mile Rd Ferndale, MI 48220-2614
County assessor Recorded deeds · 8 transfers 16 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 · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1521 8th Mile, Ferndale, MI 48220-2614 $180,000 May 2023 7,020 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
646 9th Mile, Ferndale, MI 48220-1962 $410,000 Mar 2022 13,057 SF
1250 Wordsworth, Ferndale, MI 48220-2624 $497,500 Feb 2022 9,767 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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