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    21613 Eight Mile Rd Detroit, MI 48219

    For Sale
    $349,000

    Detroit Retail Space - $349,000

    Property size:
    3,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 3,000-square-foot retail property, located at 21613 W 8 Mile Road in Detroit, Michigan (zip code 48219), presents a compelling investment opportunity. Currently operating as a freestanding Metro by T-Mobile, the building is available for immediate sale at an asking price of $349,000, translating to a price per square foot of $116.33. The property boasts a highly desirable location at the intersection of 8 Mile and Lahser Roads, benefiting from exceptional visibility and accessibility. Its strategic placement within a thriving retail corridor ensures consistent foot traffic and strong brand recognition. Nearby prominent retailers include Sam's Club, Gardner-White, Family Dollar, McDonald's, Dollar Tree, Subway, CVS, and Popeyes, among many other national and local businesses. Ample parking is provided with 12 designated spaces for customer and employee convenience. This turnkey retail space offers immediate occupancy and significant potential for growth within a densely populated and commercially active area of Detroit. The property is situated in Wayne County and is easily accessible via major roadways. This presents a rare chance to acquire a well-positioned retail asset in a prime Detroit location.

    Property Features for 21613 Eight Mile Rd

    General Information

    Property type
    Retail properties
    Square Feet
    3,000 SF

    HighLights

    • Freestanding Metro by T‑Mobile building available for lease or sale.
    • Located at the hard corner of 8 Mile & Lahser Roads, Detroit, MI.
    • Strong retail location with nearby national retailers including Sam's Club, Gardner‑White, and CVS.
    • Features 12 on‑site parking spaces.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.2567234
    Latitude
    42.4430686

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    FAQs

    What type of property is this?
    Retail property - Detroit Retail Space - $349,000
    Where is this retail property located?
    The property is located at 21613 Eight Mile Rd Detroit, MI.
    What is the asking price?
    The asking price for this property is $349,000.
    What are key features of this property?
    This property features: Freestanding Metro by T-Mobile building available for lease or sale.; Located at the hard corner of 8 Mile & Lahser Roads, Detroit, MI.; Strong retail location with nearby national retailers including Sam's Club, Gardner-White, and CVS.
    Request Owner's contact information
    21613 Eight Mile Rd Detroit, MI 48219
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    Detroit, MI 48219
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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
    21613 Eight Mile Rd Detroit, MI 48219
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