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Property profile

18685 Eight Mile Rd Detroit, MI 48219

FOR LEASE
Grocery and convenience stores
Property ID
US43-0098686
4,180 SF 0.22 ac lot Built 1966
Last sale May 2022 · $182,500
Entity Owned Owner of record is a legal entity (LLC / corporation). Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional commercial property, located at 18685 Eight Mile Road in Detroit, Michigan, offers flexible space ranging from 2,200 to 4,200 square feet. Currently configured for hospitality, mixed-use, office, and retail uses, this stand-alone building is undergoing a significant renovation, with a brand-new modern façade scheduled for completion in 2024. The property boasts convenient on-site parking, ensuring easy access for customers and employees. Its prime corner lot location at a…

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 · 2020

What does the county charge?
$6k
Tax billed · 2020
Assessed value · 2024$120k
Effective rate4.93%

Value estimate

· Oct 2026
$205k
$185k – $226k

Realmo valuation models over county records and 9 qualifying comparable sales.

Recently sold

What actually traded nearby?
$76/SF
Submarket average, outlier-cleaned · 24 recorded sales of this use type
Observed band · Q1–Q3$35 – $91
Qualifying comparables9

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?
B4
The B4 general business district provides for business and commercial uses of a thoroughfare oriented nature
General categoryCOMMERCIAL
JurisdictionWAYNE

Location intelligence

Which uses thrive at this corner?
Best fit: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office23.9
Realty agency23.7
Law Firm18.7

Location

18685 Eight Mile Rd Detroit, MI 48219
County assessor Recorded deeds · 10 transfers 9 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 · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
18149 Mcnichols, Detroit, MI 48219-4110 $1,000,000 Feb 2025 4,052 SF
18910 7th Mile, Detroit, MI 48219-2759 $750,000 Jan 2025 3,960 SF
24761 7th Mile, Detroit, MI 48219-7604 $700,000 Aug 2024 4,066 SF
19533 7th Mile, Detroit, MI 48219-2720 $120,000 Jan 2024 3,829 SF
20122 Mcnichols, Detroit, MI 48219-3374 $120,000 Oct 2023 4,014 SF
23821 Grand Riv, Detroit, MI 48219-3001 $80,000 Sep 2023 4,750 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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