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Property profile

2300 8th Mile Rd Detroit, MI 48234

OFF-MARKET
Banks
Property ID
US43-0802897
3,483 SF 1.03 ac lot Built 1966
Last sale Jul 2026 · $300,000
Individually Owned Owner of record is an individual. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional 1.03-acre commercial land parcel, located at 2300 8 Mile Road in Detroit, Michigan, presents a unique investment opportunity. Priced at $850,000, this property boasts an enviable location, offering immediate availability for either multi-tenant or single-tenant development. Its strategic position provides unparalleled access to major thoroughfares, situated just one mile from the I-75 Expressway and minutes from Woodward Avenue. The high-traffic location, with over 55,000…

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?
$12k
Tax billed · 2020
Assessed value · 2024$206k
Effective rate5.94%

Value estimate

· Nov 2026
$295k
$266k – $325k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$151/SF
County average, outlier-cleaned · 44 recorded sales of this use type
Observed band · Q1–Q3$76 – $215

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: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency52.5
Law Firm48.0
Dental Office29.9

Location

2300 8th Mile Rd Detroit, MI 48234-1009
County assessor Recorded deeds · 4 transfers Qualifying comp sales · not on file 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
19000 Van Dyke, Detroit, MI 48234-3619 $40,000 Apr 2025 3,288 SF
8076 8th Mile, Detroit, MI 48234-1103 $900,000 Mar 2025 3,155 SF
20127 Van Dyke, Detroit, MI 48234-3213 $50,000 Oct 2024 2,942 SF
18812 Van Dyke, Detroit, MI 48234-3642 $75,000 Sep 2024 2,800 SF
8052 8th Mile, Detroit, MI 48234-1103 $900,000 Aug 2024 3,400 SF
20150 Conant, Detroit, MI 48234-1227 $55,000 Dec 2023 3,542 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
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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