3841 8th Mile Rd Detroit, MI 48221-1375
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2020Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
B4 · Detroit, MIDetroit. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.