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    18145 8 Mile Rd Eastpointe, MI 48021

    Sponsored
    For Lease
    $8 SF/Yr ($2,666 /Mo)

    4,000 SF Multi-Use Building - Prime Location

    Lot size:
    4,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 4,000 square foot commercial property, located at 18145 E 8 Mile Rd in Eastpointe, Michigan, presents a unique investment opportunity. Situated in Macomb County, this Class C building, constructed in 1947, offers versatile space ideal for a variety of uses. Currently entirely vacant, the property boasts a prime location directly across from Eastland Mall, with high visibility on 8 Mile Road facing Vernier. The building's adaptable layout includes existing office space and rear overhead doors, catering to diverse business needs. This makes it suitable for medical offices, general office space, retail ventures, or light manufacturing operations. The multiple tenancy potential allows for flexibility in lease arrangements. The 4,000 square feet provides ample room for expansion or division to accommodate multiple tenants. This property's strategic location and flexible design make it an attractive proposition for businesses seeking a prominent presence in a thriving area. The zip code is 48021. Don't miss this chance to acquire a versatile commercial space with significant potential.

    Property Features for 18145 8 Mile Rd

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,000 SF
    Class
    C
    Total Rate
    2666.67

    Building Details

    Year Built
    1947

    Unit(s) available at that property

    Space
    1st Floor
    Size
    4,000 SF
    Rate per SF
    $8

    HighLights

    • Two rear roll‑up doors.
    • Front parking available.
    • High visibility from street.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Eastpointe
    County
    Macomb
    State
    Michigan
    Longitude
    -82.9328763
    Latitude
    42.4507221

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    FAQs

    What type of property is this?
    Medical office - 4,000 SF Multi-Use Building - Prime Location
    Where is this medical office located?
    The property is located at 18145 8 Mile Rd Eastpointe, MI.
    What is the lease rate?
    The lease rate is $8 SF/Yr.
    What are key features of this property?
    This property features: Two rear roll-up doors.; Front parking available.; High visibility from street.
    Request Owner's contact information
    18145 8 Mile Rd Eastpointe, MI 48021
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    Eastpointe, MI 48021
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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
    18145 8 Mile Rd Eastpointe, MI 48021
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