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Used Car Sales Property with Office

15470 E 8 Mile Rd, Detroit, MI 48205

For Sale
New
$349,900

Automotive sales site with an on-site office and attached garage, supported by existing dealer credentials subject to applicable approvals.

Property Size756 SF
Days on Market4

Property Features for 15470 E 8 Mile Rd

General Information

Standard status Active
Size 756 SF
Total Parking Spaces 45
Property subtype Commercial

Site & Location

Neighborhood Mapleridge
Road Access Yes

Tenancy & Operations

Currently Operating Yes
Real Estate Included Yes

Additional Details

Business Included Yes
Automotive Uses dealership/vehicle sales

Taxes and HOA fees

Annual Taxes $4,797

Building Details

Building Size 756 SF
Year Built 1966
Listed By: Dmitriy Selektor · License MI #6502341316
Source: Elliman
Added: Nov 6 Last Checked: Nov 8 at 7:16AM

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 Dmitriy Selektor

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Investment Insights

Based on property information with market context.

This automotive sales property includes space for approximately 45 vehicles, a sales office, and an attached garage. The property was built in 1966 and has an existing Certificate of Compliance and Used Car Dealer License; continued licensing is subject to applicable approvals.

Located at 15470 E 8 Mile Rd in Detroit, the site fronts 8 Mile Road, where the listing reports thousands of vehicles passing daily. Showings are by appointment, and employees should not be disturbed.

Key Highlights

  • Accommodates approximately 45 vehicles
  • Sales office with attached garage
  • Existing Certificate of Compliance and Used Car Dealer License; continued licensing subject to applicable approvals

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Automotive properties

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Building Supply Parking Lot & Garage HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business
Opportunity
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

464
Businesses Nearby
70k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Dining 43% Shops & Services 37% Apparel 20%
McDonald's Dining
17,931 visits/mo 0.2 miles
Family Dollar Shops & Services
10,202 visits/mo 0.4 miles
BP Shops & Services
8,076 visits/mo 0.2 miles
Popeyes Louisiana Kitchen Dining
7,629 visits/mo 0.2 miles
Dollar General Shops & Services
4,700 visits/mo 0.3 miles

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Average Price Trend$/SF for Automotive properties in Detroit, MI

$160 Jul
$162 Aug
$147 Sep
$150 Oct

Properties on Market for Automotive properties in Detroit

Jul
Aug
Sep
Oct

Vacancy Rate% for Retail in Detroit, MI

7.5% 2019
9.2% 2020
8.5% 2021
7.3% 2022
7.9% 2023
7% 2024
7% 2025

Similar Off Market Nearby

  • Insurance Giant — 14917 Gratiot Ave, Detroit, MI 48205

Frequently Asked Questions

What type of property is this?
Automotive property - Automotive sales site with an on-site office and attached garage, supported by existing dealer credentials subject to applicable approvals.
Where is this automotive property located?
The property is located at 15470 E 8 Mile Rd Detroit, MI.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Accommodates approximately 45 vehicles; Sales office with attached garage; Existing Certificate of Compliance and Used Car Dealer License; continued licensing subject to applicable approvals
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