17321 8 Mile Rd Detroit, MI 48235
- Retail space
- 2,498 SF
- 0.18 lot acres
Current Use by Public Records
- Retail space
Property Details for 17321 8 Mile Rd
- Year built
- 1961
- Lot size
- 0.18 lot acres
- Property size
- 2,498 SF
- Zone code
- B4
- Property type
- Retail space
- APN
- 22018833-6
- APU
- 220188336
Description
This exceptional 3,000 square foot industrial property, situated on a 0.18-acre lot at 17321 W 8 Mile in Detroit, Michigan, presents a unique investment opportunity. Currently configured as a liquor store, the property offers significant potential for redevelopment into a licensed recreational dispensary. The substantial square footage provides ample space for retail operations, storage, and potential expansion. The strategic location on W 8 Mile ensures high visibility and accessibility, placing the property within a bustling commercial corridor. This presents a rare chance to capitalize on the growing demand for recreational dispensaries in the Detroit market. The property's existing infrastructure provides a solid foundation for a swift and efficient conversion, minimizing upfront costs and maximizing return on investment. The 0.18-acre lot offers potential for future expansion or outdoor amenities. This is an exceptional opportunity for an investor seeking a high-return venture in a rapidly evolving market. The asking price is $1,500,000. Serious inquiries only.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Longitude
- -83.2154
- Latitude
- 42.444
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
