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Property profile & analytics

3841 8th Mile Rd Detroit, MI 48221-1375

  • Office buildings
  • 4,820 SF
  • 0.15 lot acres
OFF-MARKET
Last Sale
Mar 09, 2025
$330,000
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US43-1114655
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

  • Office buildings

Property Details for 3841 8th Mile Rd

Year built
1957
Lot size
0.15 lot acres
Property size
4,820 SF
Zone code
B4
Property type
Office buildings
APN
02006206.003L
APU
02006206003L

Description

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.


Value Estimations

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  • CAP approach

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  • Alternative Use

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Location Insight

  • Map
  • Local Demand
City
Detroit
County
Wayne
State
Michigan
Longitude
-83.1386
Latitude
42.4459
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
$4,111
$0.00
$0.00
$40,700
-
$0.00
$0.00
$81,400
More about this property
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