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201 W 8 Mile Rd 4,937 SF 19% Leased Retail Building Detroit, MI 48203 $750,000 ($151.91/SF)
Investment Highlights
- High-visibility retail location
- Positioned at a signalized intersection
- Excellent ingress/egress
- Daily traffic counts exceeding 56,000 vehicles
- Features multiple curb cuts
- Freestanding retail building
Executive Summary
201 W 8 Mile Road presents an opportunity to acquire or lease a well-located retail property along one of Detroit's most recognizable commercial corridors. Positioned on 8 Mile Road between Woodward Avenue and I-75, the property benefits from strong visibility, excellent accessibility, and two-way average daily traffic counts exceeding 56,000 vehicles.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,937 SF
Building Class
B
Year Built
1982
Price
$750,000
Price Per SF
$151.91
Percent Leased
19%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.55
Lot Size
0.21 AC
Zoning
B4
Parking
10 Spaces (3.01 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Signalized Intersection
Space Availability
- Space
- Size
- Space Use
- Position
- Available
The property is available for sale or lease, and ownership is open to discussing seller financing for qualified purchasers.
| Space | Size | Space Use | Position | Available |
| 1st Floor | 4,000 SF | Retail | - | Now |
1st Floor
| Size |
| 4,000 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
1st Floor
| Size | 4,000 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
The property is available for sale or lease, and ownership is open to discussing seller financing for qualified purchasers.
Fairly walkable
40/100
Exceptionally drivable
90/100
Some public transit
40/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 09-00831-115 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $96,900 |
Property Taxes
Parcel Number
09-00831-115
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$96,900
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Contact the Sale Advisor
201 W 8 Mile Rd