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    12379 8 Mile Rd, Detroit, MI 48089

    948 SF 0.11 ac lot Built 1953
    Property ID
    Property summary
    AI-generated overview

    This exceptional commercial property, located at 12379 E 8 Mile Road in Warren, Michigan, 48089, presents a unique investment opportunity. Boasting 948 square feet on a 0.11-acre lot, this single-story building offers 147 feet of prime frontage on the busy 8 Mile Road, ensuring high visibility and accessibility. Built in 1953 and extensively renovated in 2024, the property features a brand-new roof, epoxy flooring, fresh paint, and updated exterior cement. The interior boasts a 15-foot ceiling height, adding to the spacious feel. Two bay doors provide convenient access, complemented by a hoist for efficient material handling. Security features include a surveillance system and outdoor lighting. The property is fully fenced with two gated entrances – one from 8 Mile Road and another from the side street, enhancing security and convenience. Currently configured for auto repair (minor repair and B licenses are obtainable), the property's commercial zoning allows for a wide range of potential uses. Its highly insulated construction ensures year-round energy efficiency. This property is ideal for businesses requiring high visibility and convenient access, making it a truly exceptional opportunity in a desirable Warren location. The asking price is $230,000.

    Property profile
    Verified
    Property type Specialty properties
    Year built 1953
    Total area 948 SF
    Lot 0.11 ac (4,792 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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