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    5540 E Eight Mile Rd E Detroit, MI 48091

    Sponsored
    For Sale
    $1,499,000

    Business And Real Estate - Detroit, MI

    Property size:
    3,800 SF
    Lot size:
    0.09 Acres
    Days on Market:
    68
    Last Refresh:
    Jan 5 at 8:06 am

    Property Features for 5540 E Eight Mile Rd E

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial
    APN
    W13I014371S
    Size
    3,800 SF
    Lot size
    0.09 Acres

    Taxes and HOA fees

    Expense value
    1000000
    Expense
    Security Deposit
    Expense freq.
    Once

    Building Details

    Year built
    1949
    Year renovated
    2024
    Floors in Building
    2
    Building materials
    Brick
    Roof type
    Asphalt
    Architectural style
    Other

    REMAX LEADING EDGE (313) 598-5322 [email protected]

    Listing agent Sam Jaafar (313) 277-7777

    Listing date Oct 30, 2025

    MLS# 20240050365 Listing URL

    Copyright © 2026 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Turn-Key Dispensary on Large Lot

    This is a golden business opportunity featuring a fully licensed, turn-key ready dispensary. The attractive building boasts top-quality materials and is approximately 4,000 square feet in size. Situated on an approximate 0.09-acre lot, the property includes ample parking in a new cement parking lot and offers a drive-thru. The dispensary features ceramic marble floors, great lighting, and a secure service reception area built with state-of-the-art safety measures. It also includes restrooms and a large storage area. This commercial property is located in Detroit, MI.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Flowers Just For You

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.0579
    Latitude
    42.4683

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    FAQs

    What type of property is this?
    Storefront property - Fully licensed dispensary with drive-thru and ample parking for sale.
    Where is this storefront property located?
    The property is located at 5540 E Eight Mile Rd E Detroit, MI.
    What is the asking price?
    The asking price for this property is $1,499,000.
    What are key features of this property?
    This property features: - Fully licensed, turn-key ready dispensary business.; - Prime location.; - Approximately 4,000 sq ft building on approx. one-acre lot.
    (313) 995-2600
    Request Owner's contact information
    5540 E Eight Mile Rd E Detroit, MI 48091
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5540 E Eight Mile Rd E Detroit, MI 48091
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