For Lease
$24/SF/YR

201 8 Mile RdDetroit, MI 48203

Recreational dispensary, 4,937 sq ft, high traffic

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
121
This exceptional Detroit recreational dispensary presents a unique investment opportunity. Located at 201 Eight Mile Rd, Detroit, MI 48203, this 4,937 square foot, single-tenant property boasts a prime location at the intersection of 8 Mile and Exeter, benefiting from high visibility and significant traffic volume. With a two-way average daily traffic count exceeding 20,000 vehicles, this site offers unparalleled exposure. The building, constructed in 1960 and renovated in 2016, features one story and ample parking (20+ spaces), plus additional overflow parking available for lease nearby. The property includes a 400-amp power supply and is zoned for commercial use. Crucially, this location already possesses Special Land Use (SLU) approval, simplifying the licensing process for prospective operators. Previously operating as a medical dispensary, the property is largely turnkey, requiring only minor modifications to align with approved plans. Its strategic position between Woodward Avenue and I-75, along with multiple curb cuts and proximity to a traffic light and 8-Mile turnaround lane, further enhances its appeal. The property is available for both lease ($10,000/month) and purchase ($1.7 million), with seller financing options available for qualified buyers. The 0.4-acre lot provides ample space for operations and potential expansion.

Highlights

  • SLU-approved recreational dispensary in Detroit.
  • High-traffic location (20,000+ vehicles daily) at 8 Mile & Exeter.
  • 4,937 square foot building, previously operating as a dispensary.
  • Available for sale ($1.7M) or lease ($10,000/month); seller financing available.
  • Requires recreational license transfer or new applicant.

Property Details for 201 8 Mile Rd

Property type
Retail properties
RSF (Rentable sq. ft)
4,937 SF
Year Built/Renovated
1960/2016
Buildings
1
Stories
1

Unit(s) available at that property

Space
Size
4,937 SF
Rate per SF
$24

Location Insight

City
Detroit
County
Wayne
State
Michigan
Latitude
42.4465991
Longitude
-83.1054858
201 8 Mile Rd, Detroit, Michigan

Nearby Similar for Lease

  • For Lease
    $40/SF/YR

    Woodward Ave Retail Space Available

    Detroit Restaurant/Retail Opportunity

    2715 Woodward Ave
    Detroit, MI
    View Details
  • For Lease
    $20/SF/YR

    Detroit Creative Office Space

    4,630 SF Available in Midtown

    1314 Holden St
    Detroit, MI
    View Details
  • For Lease Call for price

    Detroit Retail Space - 2420 SF

    Prime Detroit retail space, ample parking. Ideal for various uses.

    13641 7 Mile Rd
    Detroit, MI
    View Details
  • For Lease
    $13/SF/YR

    Detroit Retail Space - Davison St.

    Freestanding Retail Building, 8,375 SF, High Visibility

    2250 Davison St
    Detroit, MI
    View Details
  • For Lease Call for price

    Highland Park Retail Plaza

    Prime Retail Space, High Traffic Area

    12029 Woodward Ave
    Highland Park, MI
    View Details
  • For Lease
    $33/SF/YR

    Grosse Pointe Farms Executive Office Space

    Prime Mack Ave Office, Ample Parking

    18720 Mack Ave
    Grosse Pointe Farms, MI
    View Details

FAQs

What type of property is this?
Retail property - Recreational dispensary, 4,937 sq ft, high traffic
Where is the retail property located?
The property is located at 201 8 Mile Rd Detroit, MI.
What is the lease rate?
The lease rate is $24/SF/YR.
What are key features of this property?
This property features: SLU-approved recreational dispensary in Detroit.; High-traffic location (20,000+ vehicles daily) at 8 Mile & Exeter.; 4,937 square foot building, previously operating as a dispensary.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].

Contacts

Elijah Simkins

Learn more

Useful Information

Request information

8 Mile Rd
Detroit, MI 48203

Message sent successfully
Error
If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.

8 Mile Rd
Detroit, MI 48203

Message sent successfully
Error

Email this Information

Link copied to clipboard
Message sent successfully
Error

Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

201 8 Mile Rd
  • Elijah Simkins
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message

Sign Up

Already
a member?
By creating an account, you agree to
the Terms of service and acknowledge Privacy policy.

Just one more step, let’s verify your email

We have sent a verification link to

Please check your inbox to complete the process. Just click on the link in that email to complete your Sign up. If you don’t see it, you may need to check your spam folder.

Email verification link expired

It seems that the verification link has expired. No worries! We can send you a new link to

Log In

Don't have
an account?
Forgot password?

Reset your password

New to
Paperhouses?

Enter the email address associated with your account and we'll send you a link to reset your password.

Reset your password
Enter the email address associated with your account and we'll send you a link to reset your password.
New to Paperhouses?

Check your email

We've resent password reset instructions to if it is an email on file.

Please check again. If you still haven't received an email, try a different email.

Check your email

Thanks! If matches an email we have on file, then we've sent you an email containing further instructions for resetting your password. If you haven't received an email in 5 minutes, check your spam, resend, or try a different email.