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Two-Hall Retail Space

16094 E 8 Mile, Detroit, MI 48205

For Sale
$699,900

The halls can be combined; the property also has a kitchenette, three bathrooms, and on- and off-street parking.

Property Size6,000 SF
Price / SF$116.65
Days on Market53

Property Features for 16094 E 8 Mile

General Information

Standard status Active
Size 6,000 SF
Property subtype Commercial/Industrial
Zoning Commercial

Site & Location

Neighborhood Regent Park

Additional Details

Furnished No
Currently Operating Yes
Property Use Hall/Banquet Center, Retail/Office

Amenities

3 Bathrooms
Kitchenette
off street parking
Listing Agency: F L Andary Realty Company Inc
Listed By: Frederick Andary Jr · License MI #6501176222
Source: Jabachler
Added: Sep 21 Changed: Nov 12 Last Checked: Nov 11 at 11:54PM

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 F L Andary Realty Company Inc

Rey
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Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

This 6,000-square-foot retail space is configured as two halls, with seating capacities of 125 and 60. The halls can be opened into a combined space. The property also includes three bathrooms and a kitchenette. Off-street and street parking are available.

The building is at 16094 E 8 Mile in Detroit, Michigan. Fixtures and equipment may be acquired separately. The billboard is excluded from the sale but is also available for separate purchase.

Key Highlights

  • 6,000 square feet arranged as two halls
  • Hall seating capacities of 125 and 60; halls can be opened into one space
  • Three bathrooms and a kitchenette

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Law Firm Real Estate Agency Gym & Fitness Center Parking Lot & Garage Computer & Electronic Repair Kitchen & Bath Showroom

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

Location Intelligence

Trade Area within ½ mile

363
Businesses Nearby
16k
Monthly Visits Nearby

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 Retail space in Detroit, MI

$77.36 Jul
$85.06 Aug
$94.77 Sep
$105 Oct

Properties on Market for Retail space 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

Frequently Asked Questions

What type of property is this?
Retail space - The halls can be combined; the property also has a kitchenette, three bathrooms, and on- and off-street parking.
Where is this retail space located?
The property is located at 16094 E 8 Mile Detroit, MI.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: 6,000 square feet arranged as two halls; Hall seating capacities of 125 and 60; halls can be opened into one space; Three bathrooms and a kitchenette
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