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    877 8 Mile Rd Hazel Park, MI 48030

    Sponsored
    For Sale
    Contact for pricing

    High-traffic retail space, redevelopment potential.

    Property size:
    3,445 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 3,445 square foot storefront property presents a unique redevelopment opportunity for discerning investors. Situated on a prominent 0.47-acre lot at the northwest corner of I-75 and 8 Mile Road in Hazel Park, Michigan, this former car dealership boasts unparalleled visibility and accessibility. The hard corner location ensures maximum exposure to the extremely high traffic counts generated by this major intersection. The building itself offers a flexible layout, including a drive-in showroom, ideal for a variety of retail uses. Monument signage is already in place, providing excellent branding opportunities visible from both I-75 and 8 Mile Road. The property's location in Oakland County, Michigan, zip code 48030, offers easy access to a large consumer base. The asking sale price is available upon request. Alternatively, a lease is available at a gross monthly rate of $3,300 plus utilities. This property is classified as retail, subtype storefront, and represents a compelling investment opportunity for those seeking high-impact commercial real estate in a prime location. The property's size and location make it suitable for a wide range of retail businesses seeking high visibility and accessibility.

    Property Features for 877 8 Mile Rd

    General Information

    Property type
    Individual retail properties
    Square Feet
    3,445 SF
    Lot Size
    20,473 SF

    HighLights

    • 3,445 SF former car dealership with high visibility.
    • .47‑acre redevelopment opportunity.
    • Hard corner location at I‑75 and 8 Mile Road with ample frontage.
    • Monument signage visible from I‑75 and 8 Mile Road.
    • High traffic counts and flexible building layout with drive‑in showroom.
    • Sale price and lease rate available upon request ($3,300/month gross plus utilities).
    Property Profile Location Intelligence

    Current Use by Public Records

    Your Buds Cannabis Store

    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
    -83.09565
    Latitude
    42.4473329

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    FAQs

    What type of property is this?
    Individual retail property - High-traffic retail space, redevelopment potential.
    Where is this individual retail property located?
    The property is located at 877 8 Mile Rd Hazel Park, MI.
    What are key features of this property?
    This property features: 3,445 SF former car dealership with high visibility.; .47-acre redevelopment opportunity.; Hard corner location at I-75 and 8 Mile Road with ample frontage.
    Request Owner's contact information
    877 8 Mile Rd Hazel Park, MI 48030
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    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
    877 8 Mile Rd Hazel Park, MI 48030
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