Property profile

3841 8th Mile Rd Detroit, MI 48221

OFF-MARKET
Office buildings
Property ID
US43-1114655
4,820 SF 0.15 ac lot Built 1957
Entity Owned 1-yr Hold Free & Clear
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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

Location

3841 8th Mile Rd Detroit, MI 48221-1375
Detroit metro Census 538100 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$405k

Owner & transaction history

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
Zoning description

), eff. 5-28-2005) Sec. 50-7-3. - Business Districts. Business districts within the City are as follows: (1) B1 Restricted Business District. (2) B2 Local Business and Residential District. (3) B3 Shopping District. (4)…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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