21501 8 Mile Road

Retail-Commercial for Sale
Catylist Listing ID: 30834760
Property Subtypes: Vehicle Related
Building Size (RSF): 4,620 SF
Gross Building Area: See Agent
Gross Land Area: 1.10 Acres
Sale Price: $750,000
Unit Price: $162.34 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 3/23/2023

Overview / Comments

Property has operated as a used car lot for 30 years. High daily foot traffic. Able to fit over 200 vehicles. 4,620 SF building on 1.097 acre site. Pylon signage available. Over 44,000 VPD passing along 8 Mile Road. Surrounded by many national, regional, and local retailers.

Located on the south side of 8 Mile Road, just east of Lahser Road and minutes from Telegraph Road.

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Wayne
Submarket/Township: Detroit W of Woodward
Tax ID/APN: 22019029011

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 16,057 149,437 403,501
Median Age: 39.46 38.67 39.15
Households: 6,796 60,609 162,665


Photograph of Listing Agent

Kevin Jappaya, CCIM

KJ Commercial CPIX Member
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