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Property profile & analytics
OFF-MARKET
Retail space

18145 8th Mile Rd Eastpointe, MI 48021-3229

4,000 SF 0.09 ac lot Built 1947
Entity Owned 13-yr Hold Free & Clear
Property ID
US43-5294921
Property summary
AI-generated overview

This exceptional 4,000 square foot commercial property, located at 18145 E 8 Mile Rd in Eastpointe, Michigan, presents a unique investment opportunity. Situated in Macomb County, this Class C building, constructed in 1947, offers versatile space ideal for a variety of uses. Currently entirely vacant, the property boasts a prime location directly across from Eastland Mall, with high visibility on 8 Mile Road facing Vernier. The building's adaptable layout includes existing office space and rear overhead doors, catering to diverse business needs. This makes it suitable for medical offices, general office space, retail ventures, or light manufacturing operations. The multiple tenancy potential allows for flexibility in lease arrangements. The 4,000 square feet provides ample room for expansion or division to accommodate multiple tenants. This property's strategic location and flexible design make it an attractive proposition for businesses seeking a prominent presence in a thriving area. The zip code is 48021. Don't miss this chance to acquire a versatile commercial space with significant potential.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1947
Construction CONCRETE BLOCKS
Total area 4,000 SF
Lot 0.09 ac (4,008 SF)
Zoning code B-1
APN 02-14-32-453-024
UPID US43-5294921
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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Comparable Approach Comparable
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by Request
Owner & transaction history
East Blue Water LLC · 13 yrs held
East Blue Water LLC
since 2013
2 recorded transactions
2013
$40,000
2005
$222,500
Zoning & alternative use
B-1 · Eastpointe, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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