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    Property profile & analytics

    15 8th Mile Rd Highland Park, MI 48203-1043

    • Grocery and convenience stores
    • 2,326 SF
    • 0.26 lot acres
    OFF-MARKET
    Value Estimation
    $295,000
    Last Sale
    Jan 26, 2021
    $275,000
    Location Intelligence
    Property ID
    US43-1572314
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Grocery and convenience stores

    Property Details for 15 8th Mile Rd

    Year built
    2005
    Lot size
    0.26 lot acres
    Property size
    2,326 SF
    Zone code
    B4
    Property type
    Grocery and convenience stores
    APN
    09024530-4
    APU
    90245304

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $300,000

    • CAP approach

      CAP return
      Estimation
      6%
      $310,000
      6.5%
      $290,000
      7%
      $305,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $290,000
      Geo Method
      $270,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $285,000
      Retail
      $295,000
      Mixed-Use
      $335,000
      Hospitality
      $340,000
      Educational
      $320,000
      Residential Income
      $325,000
      Energy
      $285,000
      Income-Based Land
      $330,000
      Food Service
      $330,000

    Location Insight

    • Map
    • Local Demand
    City
    Highland Park
    County
    Wayne
    State
    Michigan
    Longitude
    -83.1032
    Latitude
    42.4467
    CBSA code
    19820
    CBSA name
    DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2020
    $15,242
    $0.00
    $0.00
    $228,500
    -
    $0.00
    $0.00
    $457,000

    Comparable in this City

    • Value Estimation by Request
      4,430 SF

      12105 Woodward Ave

      CONVENIENCE STORE • 4,430 SF
      12105 Woodward Ave, Highland Park, MI 48203-3579
      View Details
    • Value Estimation by Request
      2,796 SF

      1841 State Fair

      CONVENIENCE STORE • 2,796 SF
      1841 State Fair, Highland Park, MI 48203-1359
      View Details
    • Value Estimation by Request
      4,862 SF

      11744 Woodward Ave

      CONVENIENCE STORE • 4,862 SF
      11744 Woodward Ave, Highland Park, MI 48203-3574
      View Details
    • Value Estimation by Request
      5,216 SF

      13300 Woodward Ave

      CONVENIENCE STORE • 5,216 SF
      13300 Woodward Ave, Highland Park, MI 48203-3611
      View Details
    • Value Estimation by Request
      5,424 SF

      10 Mcnichols Rd

      CONVENIENCE STORE • 5,424 SF
      10 Mcnichols Rd, Highland Park, MI 48203-2810
      View Details
    • Value Estimation by Request
      1,375 SF

      800 7th Mile Rd

      CONVENIENCE STORE • 1,375 SF
      800 7th Mile Rd, Detroit, MI 48203-2029
      View Details

    Similar Nearby for Sale

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      Former Supermarket on Bartlett Street

      Former supermarket property with Greenway Development along the property.
      52 Bartlett St, Highland Park, MI 48203
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      Detroit Investment Opportunity: High-Traffic Location
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      Well-maintained commercial plaza with high visibility and easy access.
      16600 Hamilton Ave, Highland Park, MI 48203
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    • $950,000

      Turnkey Gentleman's Club Opportunity

      Gentleman's club with liquor license, kitchen, and land.
      141 W 8 Mile Rd, Detroit, MI 48203
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    • $80,000

      Detroit Commercial Building with Expansion

      Commercial building in Detroit with redevelopment potential and additional lot.
      1426 E State Fair, Detroit, MI 48203
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    Similar Nearby for Lease

    • $15 SF/Yr
      122,430 SF

      Model T Plaza Retail Center

      Highland Park, MI Retail Space Available
      14004-14134 Woodward Ave, Highland Park, MI 48203
      View Details
    • $20 SF/Yr
      4,125 SF

      Highland Park Retail Storefront

      Prime Woodward Ave. Liquor Store Opportunity
      11744 Woodward Ave, Highland Park, MI 48203
      View Details
    • $1,350 /Mo

      Retail Space in Densely Populated Area

      Retail space for rent in a high-traffic Detroit location.
      1636 E 7 Mile Rd, Detroit, MI 48203
      View Details
    • $16 SF/Yr
      1,192 SF

      New Retail Space Available

      Newly constructed retail space with ample parking on a corner.
      18901-18931 W 7 Mile Rd, Detroit, MI 48203
      View Details
    • Contact for pricing

      Highland Park Commercial Space Available

      Commercial space available in Highland Park, Michigan.
      14000 Woodward Ave, Detroit, MI 48203
      View Details
    • Contact for pricing
      6,564 SF

      Highland Park Retail Plaza

      Prime Retail Space, High Traffic Area
      12029 Woodward Ave, Highland Park, MI 48203
      View Details

    Property Visit Statistics

    • Visits by month
      13.4k
    • Visitors by month
      6.3k
    • Avg Time on site
      6 min
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    Highland Park, MI 48203-1043
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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