Entity Owned Property summary
This exceptional 0.25-acre commercial land parcel, located at 3930 East 8 Mile Road in Detroit, Michigan, presents a remarkable development opportunity. Situated in the bustling B-4 General Business District of Wayne County, this property boasts high visibility and exceptional traffic counts, with over 50,000 cars passing daily. Its strategic position between Mound and Dequindre Roads, near the intersection of East 8 Mile and Ryan Road, ensures maximum exposure for any commercial venture. The lot is conveniently gated and fenced, offering security and privacy. The asking price for this prime development opportunity is $399,000. This property's zoning allows for a wide range of commercial uses, making it ideal for businesses seeking a high-traffic location with significant development potential. The 48234 zip code offers easy access to major transportation routes and a diverse customer base. Don't miss this chance to acquire a highly visible and strategically located commercial land parcel in a thriving Detroit neighborhood. Serious inquiries only.
Property profile
VerifiedCap rate & NOI
Current use
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Physician
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Medical Clinic
Location
Value estimations
Owner & transaction history
Zoning & alternative use
), 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)…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2020Property description
Physical attributes from public recordsZoning & alternative use
B4 · Detroit, MI), 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)…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
), 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)…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for B4 in Detroit, MI.
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Find the owner behind the property.
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