Freestanding Flex
For Sale
Contact for pricing
6030 E 8 Mile Road, Detroit, MI 48234
An M4-zoned commercial property with a showroom, private offices, storage rooms, and fenced vehicle parking.
Property Size3,447 SF
Price / SF$0.03
Days on Market24
Property Features for 6030 E 8 Mile Road
General Information
Standard status
Active
Size
3,447 SF
Total Parking Spaces
26
Property subtype
Commercial
Zoning
M4
Site & Location
Neighborhood
Grant
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Additional Details
Property Use
Industrial/Retail
Amenities
greeting area
large retail showroom
private offices
vault
bathrooms
storage rooms
Building Details
Year Built
1991
Buildings
1
Listing Agency:
C3 CRE, LLC
(248) 220-1110
Listed By:
Corbin Yaldoo · License #MI 6502431997
(248) 752-1276
Source:
Goodhomemi
Added: Oct 7
Changed: Oct 28
Last Checked: Oct 28 at 2:49PM
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 C3 CRE, LLC
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.
Built in 1991, this 3,447-square-foot freestanding flex property has an open floor plan with a reception area, retail showroom, two private offices, a vault, two bathrooms, and two large storage rooms. Fenced parking accommodates 26 vehicles. The site is zoned M4 and lies within the Cannabis Green Zone, where a Retailer Facility is allowed.
East 8 Mile Road carries approximately 27,000+ vehicles per day. The property also offers access to I-75, I-94, Woodward Avenue, and Gratiot Avenue. National and regional retailers are present in the immediate marketplace.
East 8 Mile Road carries approximately 27,000+ vehicles per day. The property also offers access to I-75, I-94, Woodward Avenue, and Gratiot Avenue. National and regional retailers are present in the immediate marketplace.
Key Highlights
- 3,447‑square‑foot freestanding flex property
- M4 zoning; located in the Cannabis Green Zone, allowing a Retailer Facility
- Open layout includes a showroom, two private offices, vault, two bathrooms, and two large storage rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,765
Suggested Prices Based on Cap Rates
Cap Rate 5%
$335,300
$335.3K
Cap Rate 7%
$239,500
$239.5K
Cap Rate 9%
$186,278
$186.3K
Market Conditions
NOI Build-Up for 3,447 SF
Gross rent
$25.2K $7.32/SF
− Vacancy
−$1.3K −$0.37/SF
EGI
$24.0K $6.95/SF
− OpEx
−$7.2K −$2.08/SF
NOI
$16.8K $4.86/SF
Area
Detroit, MI
Vacancy
5.08%
Lease Rate
$7.32 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$335,300
Cap Rate 7%
$239,500
Cap Rate 9%
$186,278
Alternative Uses
Best Use
Retail
$606.5K
$530.7K – $707.6K
NOI $42,456 @ 7.0% cap · market cap 42,456.00%
Second Best
Flex RnD
$353.4K
$309.2K – $412.3K
NOI $24,736 @ 7.0% cap · market cap 24,736.00%
Theoretical Best
Office A
$760.4K
$665.4K – $887.2K
NOI $53,230 @ 7.0% cap · market cap 53,230.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
330
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Detroit, MI
Similar Off Market Nearby
- Empress Entertainment — 6703 edgeton st, hamtramck, mi 48212
- CharliesAngels Food Catering 911 — 7 mile &, conant, detroit, mi 48234
Frequently Asked Questions
What type of property is this?
Flex space - An M4-zoned commercial property with a showroom, private offices, storage rooms, and fenced vehicle parking.
Where is this flex space located?
The property is located at 6030 E 8 Mile Road Detroit, MI.
What are key features of this property?
This property features: 3,447‑square‑foot freestanding flex property; M4 zoning; located in the Cannabis Green Zone, allowing a Retailer Facility; Open layout includes a showroom, two private offices, vault, two bathrooms, and two large storage rooms
