21101 8 Mile RdDetroit, MI 48219

For Sale
$999,000
Property records and analytics
Established Auto Dealership, High Traffic

Overview

Added:
Dec 11, 2024
Days on market:
126
This 1,705 square foot auto shop, located at 21101 W 8 Mile Road in Detroit, Michigan, presents a unique investment opportunity. Built in 1965, this single-story building sits on a 0.39-acre lot zoned for car lots, offering excellent visibility and accessibility due to its location at a traffic light and Michigan turnaround. The property features three auto service bays and ample customer parking. Currently tenant-occupied, this turnkey operation boasts a strong cash flow and significant upside potential. The asking price is $999,000, translating to $585.92 per square foot. All measurements are approximate and should be independently verified. The property includes one unit and is offered as an owner/user investment. Please note that the city is no longer issuing new licenses for this type of business. Do not disturb tenants.

Property Details for 21101 8 Mile Rd

Property type
Retail properties, Industrial properties
Square Feet
1,705 SF
Year Built
1965
Buildings
1
Stories
1
Lot Size (sq. ft)
16,988 SF
Units
1

Location Insight

City
Detroit
County
Wayne
State
Michigan
Latitude
42.4430469
Longitude
-83.2509257
21101 8 Mile Rd, Detroit, Michigan

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FAQs

What type of property is this?
Retail property - Established Auto Dealership, High Traffic
Where is the retail property located?
The property is located at 21101 8 Mile Rd Detroit, MI.
What is the asking price?
The asking price for this property is $999,000.
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.
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Contacts

Nick Jaafar
Nick Jaafar
Visit Broker Website

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Useful Information

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8 Mile Rd
Detroit, MI 48219

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8 Mile Rd
Detroit, MI 48219

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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.

21101 8 Mile Rd
  • Nick Jaafar
    Nick Jaafar
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