You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
New search
Property profile & analytics
FOR SALE
Warehouses

21221 8 Mile Rd W Detroit, MI 48219

20,180 SF 0.68 ac lot Built 1959
Entity Owned 7-yr Hold Absentee Owner Free & Clear
Property ID
US43-5268431
Property summary
AI-generated overview

This single-tenant retail property, located at 21221 Eight Mile W, Detroit, MI 48219, offers 20,180 total square feet, with 16,500 square feet currently vacant. Situated on 1.33 acres of land at the intersection of 8 Mile and Lahser Road, this Class B building boasts ample parking with 61 spaces and a convenient drive-in overhead door. Constructed in 1959, the single-story structure is zoned B4 and features no elevators. The property's prime location along heavily traveled 8 Mile Road makes it ideal for a variety of uses, including discount retailers, showrooms, storage facilities, or builder supply businesses. The property's convenient access and substantial square footage present a unique opportunity for businesses seeking high visibility and ample space in the Detroit Evergreen Lahser submarket. The property's APN is 22019029.002. This is a single-tenant property.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1959
Total area 20,180 SF
Lot 0.68 ac (29,621 SF)
Zoning code B4
APN 22019029.002
UPID US43-5268431
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$639k
Blend (final) Blend
$625k
Owner & transaction history
Fl Mi Re I LLC · 7 yrs held
Fl Mi Re I LLC
since 2019
7 recorded transactions
2020
Price N/A
2019
Price N/A
2019
Price N/A
2019
$800,000
2018
Price N/A
2016
Price N/A
2016
$700,000
Zoning & alternative use
B4 · Detroit, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message