Commercial
16056 E 8 Mile, Detroit, MI 48205
For Sale
$50,000
The space is presented for retail, office, or service use.
Property Size1,300 SF
Price / SF$38.46
Days on Market132
Property Features for 16056 E 8 Mile
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Neighborhood
Listing Agency:
Xpi Realty
(313) 777-2222
Listed By:
Osama Kaid · License MI #6501442356
(313) 502-1118
Source:
Jabachler
Added: Jul 6
Changed: Nov 11
Last Checked: Nov 13 at 1:33AM
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 Xpi Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This Detroit storefront contains approximately 1,300 square feet. The property is presented as suitable for retail, office, or service-based use. Its address is 16056 E 8 Mile, along E. Eight Mile Road.
Key Highlights
- Approximately 1,300 square feet of storefront space
- Located at 16056 E 8 Mile in Detroit, Michigan
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
363
Businesses Nearby
16k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 70%
Dining 30%
Sunoco
Shops & Services
8,286 visits/mo
0.5 miles
KFC
Dining
4,781 visits/mo
0.4 miles
PNC Bank
Shops & Services
2,791 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
$55,700
Median Home Value
Market
Average Price Trend$/SF for Storefront properties in Detroit, MI
Properties on Market for Storefront properties in Detroit
Vacancy Rate% for Retail in Detroit, MI
Frequently Asked Questions
What type of property is this?
Storefront property - The space is presented for retail, office, or service use.
Where is this storefront property located?
The property is located at 16056 E 8 Mile Detroit, MI.
What is the asking price?
The asking price for this property is $50,000.
What are key features of this property?
This property features: Approximately 1,300 square feet of storefront space; Located at 16056 E 8 Mile in Detroit, Michigan
