Detroit Entertainment Venue with
20771 Eight Mile W Detroit, MI 48219
20771 Eight Mile W, Detroit, MI, 48219
$2,495,000
For Sale
$2,495,000
Turnkey entertainment venue with licenses on Detroit's Eight Mile.
Property Size8,736 SF
Lot Size0.91 Acres
Price / SF$285.60
Days on Market116
Property Features for 20771 Eight Mile W
General Information
- Standard status
- Active
- Size
- 8,736 SF
- Lot size
- 0.91 Acres
- Property subtype
- Retail
Listing agency
Encore Real Estate Investment Services
(248) 702-0292
Listed by
Brandon Kassab · License #MI 6502378067
(248) 702-0292
Source
Cpix.resimplifi
Added: Mar 30 Updated: Jul 10 at 3:56PM Checked: Jul 22 at 2:15AM
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 Encore Real Estate Investment Services
Investment Insights
Based on property information with market context.
Located on Detroit’s Eight Mile Road, this former adult entertainment venue presents a turnkey opportunity, including both a Liquor License and a Cabaret License. The two-story building offers approximately 8,736 square feet of space and is fully built out with premium improvements. These include a state-of-the-art sound and lighting system, hidden in-wall bar coolers, kitchen equipment, seating, tables, and bar stools. The seller invested roughly $400,000 in interior upgrades, enhancing the bars and booths, and installing new TVs after acquiring the property in 2020. The property also includes two lots totaling 0.91 acres with approximately 575 feet of frontage, providing ample parking. Situated along W. Eight Mile Road, the location benefits from high-traffic visibility, with over 63,500 vehicles per day. The property is positioned in a revitalizing corridor, offering strong potential for transformation. The surrounding area has robust demographics, with more than 117,200 residents within 3 miles and over 327,500 within 5 miles. The space is ideal for a nightclub, upscale private event space, banquet hall, or private party venue. The property is perfect for entertainment, nightlife, or hospitality uses.
Key Highlights
- Liquor License and Cabaret License included in the sale.
- Turnkey opportunity with existing infrastructure: sound/lighting, bar coolers, kitchen equipment, seating.
- Prime location on Eight Mile Road with high traffic visibility (63,500 vehicles per day).
Local Financial Insights For Specialty Retail
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 | $162.5k | $18.60 |
| − Vacancy | −$8.8k | −$1.00 |
| EGI | $153.7k | $17.60 |
| − OpEx | −$38.4k | −$4.40 |
| NOI | $115.3k | $13.20 |
8,736 SF · lease $18.60/SF/yr · vacancy 5.40% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.65M
$1.44M – $1.92M
NOI $115,286 @ 7.0% cap · market cap 4.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.79M
$1.57M – $2.09M
NOI $125,604 @ 7.0% cap · market cap 5.03%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Night clubs
Similar For Sale Nearby
Similar Off Market Nearby
- Friends Cocktail Lounge — 21633 Eight Mile Rd, Detroit, MI 48219
- Plum Hollow Country Club — 21631 Lahser Rd, Southfield, MI 48033
- The Ultimate Gentlemen's Club — Detroit, MI 48219
- Trumpps — 21413 Eight Mile Rd, Detroit, MI 48219
- Elysium Gentlemen's Club — 20771 Eight Mile Rd, Detroit, MI 48219
FAQs
What type of property is this?
Night club - Turnkey entertainment venue with licenses on Detroit's Eight Mile.
Where is this night club located?
The property is located at 20771 Eight Mile W Detroit, MI.
What is the asking price?
The asking price for this property is $2,495,000.
What are key features of this property?
This property features: Liquor License and Cabaret License included in the sale.; Turnkey opportunity with existing infrastructure: sound/lighting, bar coolers, kitchen equipment, seating.; **Prime location on Eight Mile Road with high traffic visibility (63,500 vehicles per day).**
