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    427 E 8 Mile Rd Hazel Park, MI 48030

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    For Sale
    $220,000

    Highly visible commercial property on 8 Mile Road in Hazel Park.

    Lot size:
    0.38 Acres

    Property Features for 427 E 8 Mile Rd

    General Information

    Lot size
    0.38 Acres

    Building Details

    Year built
    1951

    Source: Herbert J Hill Realty Real Estate Master Agent Herbert J Hill Jr

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

    Overview

    Hazel Park Commercial Property on 8 Mile

    This commercial property in Hazel Park offers visibility and versatility on 8 Mile Road. The building features approximately 1,183 square feet of interior space on a 0.38-acre corner lot. It is zoned B-1, which is suitable for retail, salon, office, or boutique service use. The property includes street frontage and on-site parking, with access to I-75 and John R Rd. Originally used as a salon, the space is well-maintained and suited for an owner-occupant or investor seeking a turn-key setup with potential for value-add updates or additional income. The property offers affordability, exposure, and opportunity.
    Insight Report Location Intelligence

    Current Use by Public Records

    Margaux Unisex Salon Beauty Salon

    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.

    Location Insight

    • Map
    • Local Demand
    City
    Hazel Park
    County
    Oakland
    State
    Michigan
    Longitude
    -83.100037
    Latitude
    42.447551

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    FAQs

    What type of property is this?
    Storefront property - Highly visible commercial property on 8 Mile Road in Hazel Park.
    Where is this storefront property located?
    The property is located at 427 E 8 Mile Rd Hazel Park, MI.
    What is the asking price?
    The asking price for this property is $220,000.
    What are key features of this property?
    This property features: - High visibility location on 8 Mile Road.; - Flexible B-1 zoning suitable for retail, salon, office, or boutique.; - Ample on-site parking on a 0.38-acre corner lot.
    (313) 341-2656
    Request Owner's contact information
    427 E 8 Mile Rd Hazel Park, MI 48030
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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
    427 E 8 Mile Rd Hazel Park, MI 48030
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