17321 8 Mile RdDetroit, MI 48235

Property Details for 17321 8 Mile Rd

Year built

1961

Lot size

0.18 AC

Property size (Sq ft)

2,498 SF

Zone code

B4

Property type

Retail space

APN

22018833-6

APU

220188336

Description

This exceptional 3,000 square foot industrial property, situated on a 0.18-acre lot at 17321 W 8 Mile in Detroit, Michigan, presents a unique investment opportunity. Currently configured as a liquor store, the property offers significant potential for redevelopment into a licensed recreational dispensary. The substantial square footage provides ample space for retail operations, storage, and potential expansion. The strategic location on W 8 Mile ensures high visibility and accessibility, placing the property within a bustling commercial corridor. This presents a rare chance to capitalize on the growing demand for recreational dispensaries in the Detroit market. The property's existing infrastructure provides a solid foundation for a swift and efficient conversion, minimizing upfront costs and maximizing return on investment. The 0.18-acre lot offers potential for future expansion or outdoor amenities. This is an exceptional opportunity for an investor seeking a high-return venture in a rapidly evolving market. The asking price is $1,500,000. Serious inquiries only.

Location Insight

City

Detroit

County

Wayne

State

Michigan

Latitude

42.444

Longitude

-83.2154

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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