7417 W 8 Mile Road, Detroit, MI 48221
3,568 SF commercial building on high-traffic corner.
- Added:
- Feb 25, 2026
- Days on Market:
- 131
- Last Refresh:
- Mar 17 at 1:16 pm
Property Features for 7417 W 8 Mile Road
General Information
- Standard status
- Active
- Size
- 3,568 SF
- Lot size
- 0.23 Acres
- Property subtype
- Special Purpose
Listing office CENTURY 21 Curran & Oberski Dearborn Heights
Listing date Feb 25, 2026
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 CENTURY 21 Curran & Oberski Dearborn Heights
HighLights
- Prime corner location on W 8 Mile with high visibility and traffic.
- Large 3,568 sq ft building with 5 bays and 6 hoists.
- New roof installed in 2024.
- Ample on‑site parking and functional shop layout.
- Over 10,000 sq ft of land.
- Ideal for automotive or service‑based businesses.
Overview
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 | $66.4k | $18.60 |
| − Vacancy | −$3.6k | −$1.00 |
| EGI | $62.8k | $17.60 |
| − OpEx | −$18.8k | −$5.28 |
| NOI | $43.9k | $12.32 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- United Transmissions — james couzens fwy, detroit, mi 48235
- A&A 24hr Towing — 19728 Appoline St #1103, Detroit, MI 48235
- Detroit Hot Wheel City — 14711 M-102, Detroit, MI 48235
- Henderson Automotive, LLC — 14600 eight mile rd w, oak park, mi 48237
- flat rate towing — 19751 Strathmoor St, Detroit, MI 48235, United States
Location Insight
- Map
- Local Demand
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Longitude
- -83.1482
- Latitude
- 42.4267
