2300 Eight Mile Rd Detroit, MI 48234

Property Details for 2300 Eight Mile Rd

Year built

1966

Lot size

1.03 lot acres

Property size

3,483 SF

Zone code

B4

Property type

Banks

APN

13009225.001

APU

13009225001

Description

This exceptional 1.03-acre commercial land parcel, located at 2300 8 Mile Road in Detroit, Michigan, presents a unique investment opportunity. Priced at $850,000, this property boasts an enviable location, offering immediate availability for either multi-tenant or single-tenant development. Its strategic position provides unparalleled access to major thoroughfares, situated just one mile from the I-75 Expressway and minutes from Woodward Avenue. The high-traffic location, with over 55,000 cars passing daily, ensures significant visibility and accessibility for any business. The surrounding area is densely populated, with over 375,000 people residing within a five-mile radius, creating a robust customer base. Furthermore, the property benefits from a strong synergy between business and residential areas. Within a two-mile radius, there's over 18 million square feet of existing retail, commercial, and industrial space, indicating a thriving and established market. The immediate vicinity includes a diverse range of national retailers and restaurants such as Meijer, Marshalls, Planet Fitness, Dollar Tree, Foot Locker, Applebee's, Tim Hortons, Wendy's, Taco Bell, KFC, and Checkers, further enhancing the property's appeal and potential. This prime location and high traffic count make this a truly exceptional opportunity for developers seeking a high-impact commercial project in a densely populated and well-established area of Detroit, Macomb County, MI, zip code 48234.

Location Insight

City

Detroit

County

Wayne

State

Michigan

Longitude

-83.0784

Latitude

42.4467

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments