Property profile

8524 Michigan Ave Detroit, MI 48210

OFF-MARKET
Motels
Property ID
US43-0351813
3,110 SF 0.04 ac lot Built 1955
Trust Owned 16-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Motels
Use group MOTEL
Year built 1955
Total area 3,110 SF
Lot 0.04 ac (1,742 SF)
Zoning code B4
APN 20004679.
UPID US43-0351813

Cap rate & NOI

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

Location

8524 Michigan Ave Detroit, MI 48210-2057
Detroit metro Census 526000 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
$125k

Owner & transaction history

since 2010
1 recorded transaction
2010
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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