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    Property profile & analytics

    3040 8th Mile Rd Detroit, MI 48234-1018

    • Turn key restaurants
    • 1,894 SF
    • 0.14 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Aug 27, 2021
    $20,000
    Location Intelligence
    Property ID
    US43-1836054
    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

    • Turn key restaurants

    Property Details for 3040 8th Mile Rd

    Year built
    1968
    Lot size
    0.14 lot acres
    Property size
    1,894 SF
    Zone code
    B4
    Property type
    Turn key restaurants
    APN
    13009210-2
    APU
    130092102

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.0722
    Latitude
    42.4469
    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
    $3,755
    $0.00
    $0.00
    $62,600
    -
    $0.00
    $0.00
    $125,200

    Comparable in this City

    • Value Estimation by Request
      1,920 SF

      11429 7th Mile Rd

      RESTAURANT • 1,920 SF
      11429 7th Mile Rd, Detroit, MI 48234-3707
      View Details
    • Value Estimation by Request
      1,532 SF

      20445 Van Dyke St

      RESTAURANT • 1,532 SF
      20445 Van Dyke St, Detroit, MI 48234-3215
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    • Value Estimation by Request
      668 SF

      18700 Van Dyke St

      RESTAURANT • 668 SF
      18700 Van Dyke St, Detroit, MI 48234-3640
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    • Value Estimation by Request
      1,654 SF

      2923 7th Mile Rd

      RESTAURANT • 1,654 SF
      2923 7th Mile Rd, Detroit, MI 48234-1533
      View Details
    • Value Estimation by Request
      1,460 SF

      20351 Conant St

      RESTAURANT • 1,460 SF
      20351 Conant St, Detroit, MI 48234-1228
      View Details
    • Value Estimation by Request
      1,000 SF

      19160 Conant St

      RESTAURANT • 1,000 SF
      19160 Conant St, Detroit, MI 48234-1442
      View Details

    Similar Nearby for Sale

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    • $199,000
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      Detroit Bar/Restaurant - $199K

      Prime Detroit location, 4,110 sq ft, high-traffic area.
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    • $175,000
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      Detroit Commercial Property For Sale

      Renovated commercial property suitable for restaurant, club, or event hall.
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      Detroit Storefront - $475K

      Prime Detroit Retail Space, Updated 2024
      3840 Eight Mile Rd, Detroit, MI 48234
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    • $499,000

      Versatile Detroit Property For Sale

      17,000 SF Detroit property suitable for retail, residential, or industrial.
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      Retail Buildings with Parking Lot

      Two retail buildings with long-term tenants and parking.
      20477-20481 Van Dyke St, Detroit, MI 48234
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    Similar Nearby for Lease

    • $6,500 /Mo

      Detroit Auto Shop For Rent

      Auto shop with parking and frontage on 8 Mile.
      8146 E 8 Mile Rd, Detroit, MI 48234
      View Details
    • $1,000 /Mo
      1,400 SF

      Turnkey Salon Opportunity in Detroit

      Salon space with stations, seating, and equipment for rent.
      19430 Van Dyke St, Detroit, MI 48234
      View Details
    • $15 SF/Yr
      966 SF

      Retail Space in Seven Mile

      966 SF retail space available for lease in Detroit.
      2401-2435 E 7 Mile Rd, Detroit, MI 48234
      View Details
    • $1,200 /Mo

      Conant Street Commercial Building

      1,200 sq ft commercial space suitable for retail/office.
      19735 Conant St, Detroit, MI 48234
      View Details
    • $6,000 /Mo
      9,480 SF

      Detroit Warehouse, Distribution, Manufacturing Space

      9,480 SF Detroit warehouse space ideal for multiple uses.
      20222 Conner St, Detroit, MI 48234
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    • $15 SF/Yr
      14,000 SF

      Mount Elliott Industrial Warehouse

      14,000 SF Warehouse, Excellent Location
      19430 Mount Elliott St, Detroit, MI 48234
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    Property Visit Statistics

    • Visits by month
      15.3k
    • Visitors by month
      9.3k
    • Avg Time on site
      6 min
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    Detroit, MI 48234-1018
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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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