201 8th Mile Rd Highland Park, MI 48203-1002

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.

Location Insight

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