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Property profile & analytics
OFF-MARKET
Office buildings

3841 8th Mile Rd Detroit, MI 48221-1375

4,820 SF 0.15 ac lot Built 1957
Entity Owned 1-yr Hold Free & Clear
Property ID
US43-1114655
Property summary
AI-generated overview

This exceptional 2,000 square foot storefront, located at 3841 W. Eight Mile in Detroit, Michigan, 48221, presents a compelling investment opportunity. Priced at $220,000 ($110/sq ft), this property is situated in the B4 General Business District, offering a wide range of permitted uses. The building is conveniently located just two blocks east of Livernois Avenue and west of Woodward Avenue, benefiting from high visibility and easy access to major roadways. This location is within the Green Acres community, a 24-hour patrolled area. The property's 2,000 square feet provide ample space for a variety of retail or street retail ventures. Its strategic position within Detroit's thriving Livernois Avenue district ensures strong potential for attracting customers and building a successful business. This is an ideal opportunity for investors seeking a high-return property in a dynamic and rapidly developing area of Detroit. The property is zoned B4, allowing for diverse business applications. This is a standalone offering, though an adjacent property is also available for purchase.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1957
Total area 4,820 SF
Lot 0.15 ac (6,534 SF)
Zoning code B4
APN 02006206.003L
UPID US43-1114655
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
by Request
Blend (final) Blend
by Request
Owner & transaction history
Chosen Few Property Management Co I · 1 yrs held
Chosen Few Property Management Co I
since 2025
Last sale
$330,000
4 recorded transactions
2025
$330,000
2014
$33,900
2014
Price N/A
2013
$375,000
Zoning & alternative use
B4 · Detroit, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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