Street-Facing
16056 E 8 Mile Road, Detroit, MI 48205
For Sale
New
$50,000
The existing storefront dates to 1959.
Property Size1,300 SF
Price / SF$38.46
Days on Market5
Property Features for 16056 E 8 Mile Road
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Neighborhood
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
XPI Realty
Listed By:
Osama Kaid · License MI #6501442356
(313) 502-1118
Source:
Alleyrealestatesales
Added: Nov 10
Changed: Nov 11
Last Checked: Nov 13 at 2:06PM
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
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Investment Insights
Based on property information with market context.
A street-facing storefront at 16056 E 8 Mile Road in Detroit contains approximately 1,300 square feet. The building was constructed in 1959.
Key Highlights
- Approximately 1,300 square feet of storefront space
- Built in 1959
- Located at 16056 E 8 Mile Road, Detroit, MI 48205
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
464
Businesses Nearby
70k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
$55,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 existing storefront dates to 1959.
Where is this storefront property located?
The property is located at 16056 E 8 Mile Road 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; Built in 1959; Located at 16056 E 8 Mile Road, Detroit, MI 48205
