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    21221 8 Mile Rd Detroit, MI 48219

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    For Lease
    Contact for pricing

    High-traffic Detroit retail space available.

    Lot size:
    20,180 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This single-tenant retail property, located at 21221 Eight Mile W, Detroit, MI 48219, offers 20,180 total square feet, with 16,500 square feet currently vacant. Situated on 1.33 acres of land at the intersection of 8 Mile and Lahser Road, this Class B building boasts ample parking with 61 spaces and a convenient drive-in overhead door. Constructed in 1959, the single-story structure is zoned B4 and features no elevators. The property's prime location along heavily traveled 8 Mile Road makes it ideal for a variety of uses, including discount retailers, showrooms, storage facilities, or builder supply businesses. The property's convenient access and substantial square footage present a unique opportunity for businesses seeking high visibility and ample space in the Detroit Evergreen Lahser submarket. The property's APN is 22019029.002. This is a single-tenant property.

    Property Features for 21221 8 Mile Rd

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    20,180 SF
    Class
    B

    Building Details

    Year Built
    1959
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    16,500 SF

    HighLights

    • 20,180 SF single‑tenant retail building on 1.33 acres in Detroit, MI.
    • 16,500 SF currently vacant.
    • Located at 21221 Eight Mile W, Detroit, MI 48219, at the intersection of 8 Mile and Lahser Road.
    • 61 parking spaces and a drive‑in overhead door.
    • Class B building, built in 1959, zoned B4.
    • High visibility location on heavily traveled 8 Mile Road, suitable for various retail uses.
    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
    -83.25208147
    Latitude
    42.44343849

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    FAQs

    What type of property is this?
    Retail property - High-traffic Detroit retail space available.
    Where is this retail property located?
    The property is located at 21221 8 Mile Rd Detroit, MI.
    What are key features of this property?
    This property features: 20,180 SF single-tenant retail building on 1.33 acres in Detroit, MI.; 16,500 SF currently vacant.; Located at 21221 Eight Mile W, Detroit, MI 48219, at the intersection of 8 Mile and Lahser Road.
    Request Owner's contact information
    21221 8 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
    21221 8 Mile Rd Detroit, MI 48219
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