Entity Owned Property summary
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.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2020
Value estimate
· Sep 2026Realmo valuation models over county records and 6 qualifying comparable sales.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 16 properties nearbyComparable nearby
Similar Nearby for Sale
Similar in This City for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 3,538 SF
- Lot area
- 0.23 ac
- Year built
- 1986
- Stories
- 1
- APN
- 09008311-15
- Zoning
- B4
- Assessed value · 2024
- $87,900
- Annual tax · 2020
- $8,125
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Registration is required before the official district profile is shown.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- NOI Potential
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- Alternative use
- Local Zoning Insight
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- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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