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    13433 W 8 Mile Rd Detroit, MI 48235

    For Sale
    $1,500,000

    Freestanding retail property with strong demographics and high traffic counts.

    Property size:
    15,600 SF
    Lot size:
    0.77 Acres

    Property Features for 13433 W 8 Mile Rd

    General Information

    Size
    15,600 SF
    Lot size
    0.77 Acres

    Source: Legacy Real Estate Advisors Agent Dominic Shamany

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Detroit Retail Property For Sale

    This freestanding retail property in Detroit, Michigan, is occupied by Family Dollar and a quick-serve pharmacy. The location benefits from strong demographics, with over 15,000 residents within a 1-mile radius and over 155,000 residents within a 3-mile radius. High traffic counts of over 58,800 vehicles per day on W 8 Mile Rd contribute to the property's visibility. The site is a 26-minute drive to Detroit Metropolitan Airport (DTW). Family Dollar, acquired by Dollar Tree (NASDAQ: DLTR), operates over 15,500 locations and holds an investment-grade credit rating (S&P: BBB-). The property is suitable for an essential retailer and is considered internet, pandemic, and recession-resistant.
    Location Intelligence

    Current Use by Public Records

    Drug stores

    Suggested Use

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

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

    Similar Places Nearby

    Oak Park Pharmacy, Quick-Serve Pharmacy, Dispo, S and B Holistic Center, The Clinic Cannabis Center

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.17945
    Latitude
    42.444742

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    FAQs

    What type of property is this?
    Drug store - Freestanding retail property with strong demographics and high traffic counts.
    Where is this drug store located?
    The property is located at 13433 W 8 Mile Rd Detroit, MI.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: - Essential retailer tenancy is internet, pandemic, and recession resistant; - Family Dollar acquired by Dollar Tree (NASDAQ: DLTR) with investment grade credit rating (S&P: BBB-); - High traffic counts: Over 58,800 vehicles pass site daily
    (248) 450-3259
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    Detroit, MI 48235
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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
    13433 W 8 Mile Rd Detroit, MI 48235
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