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    476 8 Mile Rd Hazel Park, MI 48030

    Sponsored
    For Sale
    $325,000

    Spacious Warehouse, Ideal for Business

    Property size:
    2,940 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This 2,940 square foot warehouse, located at 476 Eight Mile Road in Hazel Park, Michigan, presents a unique investment opportunity. Built in 1938 and situated on a 0.16-acre lot, this industrial property boasts a newly remodeled two-bedroom apartment, perfect for live/work arrangements or owner occupancy. The warehouse itself features a 12-foot ceiling height, providing ample vertical space for storage or operations. Two loading docks ensure efficient loading and unloading of goods. The property's location in Oakland County, near Ferndale, offers convenient access to major transportation routes and a thriving business community. The large fenced yard provides additional secure outdoor space, ideal for storage or employee parking. The asking price is $325,000, translating to $110.54 per square foot. This rare combination of residential and commercial space makes this property an attractive option for a variety of businesses and entrepreneurs. The property's zip code is 48030. This is a truly exceptional opportunity to acquire a versatile and well-located industrial property.

    Property Features for 476 8 Mile Rd

    General Information

    Property type
    Distribution properties
    Square Feet
    2,940 SF
    Lot Size
    6,970 SF

    Building Details

    Year Built
    1938

    HighLights

    • Exceptional Investment Opportunity
    • Updated 2‑bedroom apartment
    • Live/work space near Ferndale
    • Spacious fenced yard
    • Ideal for artist studio or small business
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hazel Park
    County
    Oakland
    State
    Michigan
    Longitude
    -83.1088398
    Latitude
    42.4473942

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    FAQs

    What type of property is this?
    Distribution property - Spacious Warehouse, Ideal for Business
    Where is this distribution property located?
    The property is located at 476 8 Mile Rd Hazel Park, MI.
    What is the asking price?
    The asking price for this property is $325,000.
    What are key features of this property?
    This property features: Exceptional Investment Opportunity; Updated 2-bedroom apartment; Live/work space near Ferndale
    Request Owner's contact information
    476 8 Mile Rd Hazel Park, MI 48030
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    476 8 Mile Rd Hazel Park, MI 48030
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