Property profile

8650 Michigan Ave Detroit, MI 48210

OFF-MARKET
Retail space
Property ID
US43-5149159
4,643 SF 0.05 ac lot Built 1924
Entity Owned Absentee Owner Free & Clear
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1924
Total area 4,643 SF
Lot 0.05 ac (2,178 SF)
Zoning code B4
APN 20004665.
UPID US43-5149159

Cap rate & NOI

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

Location

8650 Michigan Ave Detroit, MI 48210-2058
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
$185k

Owner & transaction history

since 2025
7 recorded transactions
2025
$40,000
2021
$32,000
2016
$1,000
2014
Price N/A
2014
Price N/A
2014
$73,000
2014
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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