Licensed Cannabis Dispensary with
For Sale
$1,499,000
5540 E 8 Mile, Detroit, MI 48234
The approximately one-acre site includes a new cement parking lot and a secured customer reception area.
Property SizeContact for details
Days on Market840
Property Features for 5540 E 8 Mile
General Information
Standard status
Active
Property subtype
Commercial/Industrial
Zoning
Commercial
Site & Location
Neighborhood
Farwell
Listing Agency:
Re/Max Leading Edge
(313) 277-7777
Listed By:
Sam Jaafar · License #6501379437
(313) 995-2600
Source:
Jabachler
Added: Jul 12, 2024
Changed: Oct 27
Last Checked: Oct 27 at 3:28AM
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 Re/Max Leading Edge
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 licensed dispensary occupies an approximately 4,000-square-foot building on an approximately one-acre parcel. Commercial zoning is reported, and the property includes drive-through service, restrooms, and a substantial storage area. Inside, ceramic marble flooring and upgraded lighting complement a secured reception area designed for customer service.
The site is at 5540 E 8 Mile in Detroit. A recently installed cement parking lot serves the property.
The site is at 5540 E 8 Mile in Detroit. A recently installed cement parking lot serves the property.
Key Highlights
- Licensed dispensary with drive‑through service
- Approximately 4,000 square feet of building area
- Approximately one‑acre parcel
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
227
Businesses Nearby
48k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 54%
Dining 46%
Tim Hortons
Dining
11,979 visits/mo
0.2 miles
Wendy's
Dining
10,401 visits/mo
0.1 miles
Sunoco
Shops & Services
9,022 visits/mo
0.4 miles
Sunoco
Shops & Services
5,718 visits/mo
0.1 miles
Family Dollar
Shops & Services
5,153 visits/mo
0.4 miles
Demographics for 48234, MI
31,442
Population
15,688
Households
2
Avg Household Size
36
Median Age
11%
College-Educated
84%
High-School Grad
7.8 sq mi
ZIP Area
4,031
Density / Sq Mi
$36,473
Median Household Income
$31,587
Median Earnings
$965
Median Rent
$57,100
Median Home Value
Market
Vacancy Rate% for Retail in Detroit, MI
Frequently Asked Questions
What type of property is this?
Cannabis property - The approximately one-acre site includes a new cement parking lot and a secured customer reception area.
Where is this cannabis property located?
The property is located at 5540 E 8 Mile Detroit, MI.
What is the asking price?
The asking price for this property is $1,499,000.
What are key features of this property?
This property features: Licensed dispensary with drive‑through service; Approximately 4,000 square feet of building area; Approximately one‑acre parcel
