Property profile

12379 8 Mile Rd Detroit, MI 48089

OFF-MARKET
Specialty properties
948 SF 0.11 ac lot Built 1953
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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

Location

12379 8 Mile Rd Detroit, MI 48089
Detroit metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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