201 8th Mile Rd Highland Park, MI 48203-1002
Property profile & analytics
201 8th Mile Rd Highland Park, MI 48203-1002
- Grocery and convenience stores
- 3,538 SF
- 0.23 lot acres
Property ID
US43-1650433
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Grocery and convenience stores
Property Details for 201 8th Mile Rd
- Year built
- 1986
- Lot size
- 0.23 lot acres
- Property size
- 3,538 SF
- Zone code
- B4
- Property type
- Grocery and convenience stores
- APN
- 09008311-15
- APU
- 900831115
Description
This exceptional Detroit recreational dispensary presents a unique investment opportunity. Located at 201 Eight Mile Rd, Detroit, MI 48203, this 4,937 square foot, single-tenant property boasts a prime location at the intersection of 8 Mile and Exeter, benefiting from high visibility and significant traffic volume. With a two-way average daily traffic count exceeding 20,000 vehicles, this site offers unparalleled exposure. The building, constructed in 1960 and renovated in 2016, features one story and ample parking (20+ spaces), plus additional overflow parking available for lease nearby. The property includes a 400-amp power supply and is zoned for commercial use. Crucially, this location already possesses Special Land Use (SLU) approval, simplifying the licensing process for prospective operators. Previously operating as a medical dispensary, the property is largely turnkey, requiring only minor modifications to align with approved plans. Its strategic position between Woodward Avenue and I-75, along with multiple curb cuts and proximity to a traffic light and 8-Mile turnaround lane, further enhances its appeal. The property is available for both lease ($10,000/month) and purchase ($1.7 million), with seller financing options available for qualified buyers. The 0.4-acre lot provides ample space for operations and potential expansion.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Highland Park
- County
- Wayne
- State
- Michigan
- Longitude
- -83.1056
- Latitude
- 42.4467
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2020
$8,125
$0.00
$0.00
$87,900
-
$0.00
$0.00
$175,800
