Property profile

8338 Mt Elliott St Detroit, MI 48211

OFF-MARKET
Retail space
Property ID
US43-1265101
2,511 SF 0.07 ac lot Built 1935
Individually Owned 6-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1935
Total area 2,511 SF
Lot 0.07 ac (3,049 SF)
Zoning code B4
APN 15014176.
UPID US43-1265101

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

8338 Mt Elliott St Detroit, MI 48211-1832
Detroit metro Census 505800 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
$225k

Owner & transaction history

since 2020
5 recorded transactions
2020
Price N/A
2018
$4,000
2017
Price N/A
2013
$3,600
2013
Price N/A

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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