For Sale
$574,000

16301 8 Mile RdDetroit, MI 48235

Vacant 3,781 SF Auto Shop/Storefront

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional 3,781 square foot retail property, located at 16301 W 8 Mile Road in Detroit, Michigan, presents a lucrative investment opportunity. Situated in a high-traffic area with over 145,000 vehicles passing daily, this vacant building offers unparalleled visibility and accessibility. The property boasts a convenient 0.54-acre lot, providing ample parking for customers. Built in 1960, the single-building structure is zoned B4-General Business District, making it suitable for a variety of retail uses, particularly auto-related businesses given its previous use as an auto shop and storefront. The asking price is $574,000, translating to $151.81 per square foot. This represents a strong value proposition in a prime Detroit location. The seller is open to considering a land contract, offering flexible financing options for potential buyers. This property's high visibility, ample parking, and flexible financing options make it an ideal investment for entrepreneurs seeking a thriving retail location on one of Detroit's busiest thoroughfares. The property is currently vacant, allowing for immediate occupancy and customization to suit the buyer's specific needs. This is a rare opportunity to acquire a well-located, sizable retail space in a high-demand area.

Highlights

  • 3,781 SF retail building at 16301 W 8 Mile Road, Detroit, MI.
  • High-traffic location with over 145,000 vehicles daily, offering excellent visibility.
  • 0.54-acre lot with ample parking.
  • B4-General Business zoning, ideal for various retail uses, especially auto-related.
  • $574,000 asking price ($151.81/SF).
  • Land contract financing available.

Property Details for 16301 8 Mile Rd

Property type
Retail properties, Retail space
Square Feet
3,781 SF
Year Built
1960
Buildings
1
Lot Size (sq. ft)
23,522 SF
Units
1

Location Insight

City
Detroit
County
Wayne
State
Michigan
Latitude
42.4442322
Longitude
-83.2096545
16301 8 Mile Rd, Detroit, Michigan

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16301 8 Mile Rd
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