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    25081 8 Mile Redford Charter Township, MI 48240

    Sponsored
    For Sale
    $400,000

    1,980 SF Free-Standing Retail Building

    Property size:
    1,980 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1,980 square foot free-standing retail building, located at 25081 W Eight Mile Road in Redford Charter Township, Michigan, presents a compelling investment opportunity. Built in 1946, the property sits on a 0.046-acre lot and boasts a C2 - General Commercial zoning designation, offering considerable flexibility for a variety of commercial uses. The asking price is $400,000, translating to a price per square foot of $202.02. The building features a wide-open interior space, ideal for customization to suit a tenant's specific needs. Its prime location on Eight Mile Road near Telegraph Road ensures excellent visibility and accessibility, attracting significant foot and vehicle traffic. The property's APN is 79-001-01-0997-000. Prospective buyers should independently verify the suitability of the property for their intended use, including the possibility of cannabis retail, by contacting Redford Township authorities. This property represents a rare chance to acquire a well-situated, adaptable retail space in a thriving commercial area. The building's age presents an opportunity for renovation and modernization to enhance its value and appeal. Don't miss this chance to secure a valuable asset in a high-traffic location.

    Property Features for 25081 8 Mile

    General Information

    Property type
    Retail properties
    Square Feet
    1,980 SF
    Class
    C
    Lot Size
    2,004 SF

    Building Details

    Year Built
    1946

    HighLights

    • 1,980 SF free‑standing retail building on a 0.046‑acre lot.
    • Wide‑open interior for flexible tenant improvements.
    • Excellent visibility and accessibility on Eight Mile Rd near Telegraph Rd.
    • Potential cannabis retail use; buyer to verify with Redford Township.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    Redford Charter Township
    County
    Wayne
    State
    Michigan
    Longitude
    -83.3041061
    Latitude
    42.42421

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    FAQs

    What type of property is this?
    Retail property - 1,980 SF Free-Standing Retail Building
    Where is this retail property located?
    The property is located at 25081 8 Mile Redford Charter Township, MI.
    What is the asking price?
    The asking price for this property is $400,000.
    What are key features of this property?
    This property features: 1,980 SF free-standing retail building on a 0.046-acre lot.; Wide-open interior for flexible tenant improvements.; Excellent visibility and accessibility on Eight Mile Rd near Telegraph Rd.
    (248) 476-3700
    Request Owner's contact information
    25081 8 Mile Redford Charter Township, MI 48240
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    Redford Charter Township, MI 48240
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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
    25081 8 Mile Redford Charter Township, MI 48240
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