7101 8th Mile Rd Detroit, MI 48221-1258
- Commercial land
- 0.07 lot acres
Current Use by Public Records
- Commercial land
Property Details for 7101 8th Mile Rd
- Lot size
- 0.07 lot acres
- Zone code
- B4
- Property type
- Commercial land
- APN
- 16009316.
- APU
- 16009316
Description
This exceptional 0.15-acre commercial land parcel is strategically located on West Eight Mile Road in Detroit, Michigan, near the intersection with Livernois Avenue. The property, identified by APN numbers 16-009316 & 16-009317, is zoned B-4, offering a wide range of development possibilities. Its prime location boasts high traffic counts, ensuring excellent visibility and accessibility for any future business. The asking price for this highly desirable lot is $50,000, translating to a price per acre of $333,333. This represents a unique opportunity to acquire a well-situated commercial property in a dynamic Detroit submarket west of Woodward Avenue. The property's convenient access to major thoroughfares and its substantial traffic volume make it an ideal location for a variety of commercial ventures. Serious inquiries are encouraged to explore the potential of this valuable asset and capitalize on its significant development potential within the thriving Detroit commercial landscape. The property is vacant and ready for immediate development. The list price per square foot is $7.65. This is a rare opportunity to acquire a commercial lot in a high-traffic area of Detroit.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Longitude
- -83.1443
- Latitude
- 42.4458
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
