427 E 8 Mile Road, Hazel Park, MI 48030
Well-maintained storefront on a corner lot with ample parking and flexible B-1 zoning for retail, salon, office, or boutique service use.
- Added:
- Jul 28, 2025
- Days on Market:
- 331
- Last Refresh:
- Jun 20 at 7:07 am
Property Features for 427 E 8 Mile Road
General Information
- Standard status
- Active
- Size
- 1,183 SF
- Lot size
- 0.38 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1951
Listing agent Herbert Hill License #MI
Listing office Herbert J Hill Realty Real Estate Master
Listing date Jul 28, 2025
Source Crexi
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 Herbert J Hill Realty Real Estate Master
HighLights
- Approximately 1,183 sq. ft. well‑maintained commercial storefront built in 1951
- 0.38‑acre corner lot with promenade street frontage on E. 8 Mile Rd.
- Flexible B‑1 zoning for retail, salon, office, or boutique service use
- Ample on‑site parking for customers and tenants
- Easy access to I‑75 and John R Rd., near metro‑Detroit corridor routes
- Originally used as a salon; ready for owner‑occupant or investment use
Overview
Located along 8 Mile Road in Hazel Park, the property is positioned for exposure to a busy corridor. Access is described as convenient to major routes including I-75 and John R Rd., with surrounding metro Detroit commercial traffic patterns in mind. The property also includes ample on-site parking, supporting customer access and day-to-day operations.
For buyers or operators, the B-1 zoning provides flexibility for a range of uses including retail, salon, office, or boutique service operations, based on the information provided. With its maintained interior and prominent street presence, the space can serve businesses looking to occupy immediately, or investors seeking a turn-key setup with the opportunity to update or reposition the property for additional income.
Local Financial Insights For 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 | $19.9k | $16.80 |
| − Vacancy | −$1.7k | −$1.43 |
| EGI | $18.2k | $15.37 |
| − OpEx | −$5.5k | −$4.61 |
| NOI | $12.7k | $10.76 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Hazel Park
- County
- Oakland
- State
- Michigan
- Longitude
- -83.100037
- Latitude
- 42.447551
