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Property profile & analytics
OFF-MARKET
Retail space

17321 8th Mile Rd Detroit, MI 48235-2141

2,498 SF 0.18 ac lot Built 1961
Entity Owned 2-yr Hold Free & Clear
Property ID
US43-1826750
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1961
Total area 2,498 SF
Lot 0.18 ac (7,841 SF)
Zoning code B4
APN 22018833-6
UPID US43-1826750
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
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
C & S Detroit Property LLC · 2 yrs held
C & S Detroit Property LLC
since 2023
Last sale
$100,000
3 recorded transactions
2023
$100,000
2012
Price N/A
2012
$108,000
Zoning & alternative use
B4 · Detroit, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

), eff. 5-28-2005) Sec. 50-7-3. - Business Districts. Business districts within the City are as follows: (1) B1 Restricted Business District. (2) B2 Local Business and Residential District. (3) B3 Shopping District. (4) B4 General Business District. (5) B5 Major Business District. (6) B6 General Services District. (Code 1984, § 61-7-3; Ord. No. 11-05, § 1(61…

Zone name General Business District
General category COMMERCIAL
Zone area 3,533.46 ac
Source code of ordinances
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