Commercial Building on 8
For Sale
Contact for pricing
12434 8 Mile Rd, Detroit, MI 48205
2,400 sq ft commercial building on busy 8 Mile.
Property Size2,400 SF
Price / SF$93.75
Days on Market147
Property Features for 12434 8 Mile Rd
General Information
Standard status
Active
Size
2,400 SF
Property subtype
Retail
Building Details
Year Built
1946
Listing Agency:
KW Commercial Dearborn
(313) 706-7011
Listed By:
Nick Jaafar · License #6501403947
Source:
Crexi
Added: Mar 9
Changed: Jul 10
Last Checked: Aug 2 at 12:29PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KW Commercial Dearborn
Investment Insights
Based on property information with market context.
This 2,400 sq ft block and concrete commercial building is located on 8 Mile Road and offers approximately 60 feet of road frontage. Currently used for storage for liquidation, it is available for sale and lease. The property is zoned for commercial, light industrial, retail, or warehouse use, providing flexibility for various businesses. The building includes ample space for storage, inventory, or operational needs. Parking is available on-site, assigned, and on the street for customers and employees. The property benefits from steady traffic and convenient access to major roads. It is located near restaurants, retail stores, and other established businesses.
Key Highlights
- High‑visibility location on busy 8 Mile Road with approximately 60 feet of road frontage.
- Flexible zoning suitable for various businesses.
- 2,400 sq ft block and concrete commercial building suitable for sale or lease.**
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $21.0k | $8.76 |
| − Vacancy | −$904 | −$0.38 |
| EGI | $20.1k | $8.38 |
| − OpEx | −$3.0k | −$1.26 |
| NOI | $17.1k | $7.13 |
2,400 SF · lease $8.76/SF/yr · vacancy 4.30% · expense 15.00%
Alternative Uses
Best Use
Retail
$422.3K
$369.5K – $492.7K
NOI $29,561 @ 7.0% cap · market cap 13.14%
Second Best
Warehouse
$244.3K
$213.8K – $285.0K
NOI $17,102 @ 7.0% cap · market cap 7.60%
Theoretical Best
Office A
$529.4K
$463.3K – $617.7K
NOI $37,061 @ 7.0% cap · market cap 16.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
591
Businesses Nearby
Explore this area
Business Placement
Demographics for 48205, MI
34,056
Population
17,102
Households
2
Avg Household Size
32
Median Age
9%
College-Educated
85%
High-School Grad
6.4 sq mi
ZIP Area
5,321
Density / Sq Mi
$40,612
Median Household Income
$30,833
Median Earnings
$1,149
Median Rent
$55,700
Median Home Value
Market
Vacancy Rate% for Industrial in Detroit, MI
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - 2,400 sq ft commercial building on busy 8 Mile.
Where is this retail space located?
The property is located at 12434 8 Mile Rd Detroit, MI.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: High‑visibility location on busy 8 Mile Road with approximately 60 feet of road frontage.; Flexible zoning suitable for various businesses.; 2,400 sq ft block and concrete commercial building suitable for sale or lease.**
