8 Mile RdDetroit, MI 48205

  • Land
  • 0.62 AC
For Lease

Property Details for 8 Mile Rd

Lot size
0.62 AC
Property type
Land
Property subtype
Commercial land
APN
42 012 04 0166 000
APU
42012040166000

Description

This exceptional 4,480-square-foot flex space, located at 13401 E 8 Mile Rd in Warren, Michigan, presents a unique opportunity for a variety of businesses. The property, situated on a 0.08-acre lot, boasts a prime location on a high-traffic thoroughfare, with approximately 40,000 cars passing daily, ensuring excellent visibility. Built in 1950 and extensively renovated in 2019, this Class B building features a spacious showroom, two bays with separate overhead doors, and office space on both the main level and upstairs. The property includes eight parking spaces and is equipped with 220-volt, 3-phase power. The convenient location offers easy access to major freeways, including I-75, I-94, and I-696, placing your business within easy reach of a large customer base. The property is zoned M1 Industrial, and its central location is surrounded by restaurants, retail establishments, and other industrial businesses. The building is a single-tenant space and is currently vacant. The property's address is 13401 E 8 Mile Rd, Warren, MI 48205, with a cross street of Schoenherr Rd. The property is located in the Groesbeck South submarket of Macomb County and has a Macomb County APN of 13-35-480-009. The building is a two-story structure. There are no elevators. The potential for combining this property with a similarly sized adjacent building offers significant expansion possibilities. This versatile space is ideal for retail, automotive, or industrial uses.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $6,429,375
    Hospitality
    $5,889,273
    Educational
    $4,899,806
    Medical
    $5,068,318
    Retail
    $7,621,920
8 Mile Rd, Detroit, Michigan

Location Insight

City
Harper Woods
County
Wayne
State
Michigan
Latitude
42.4504
Longitude
-82.9247
CBSA code
19820
CBSA name
DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
-
-
-
-
-
-
-
-

FAQs

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