320 8th Mile Rd, Hazel Park, MI 48030-2402
This exceptional 2,580 square foot warehouse, located at 320 Eight Mile W in Hazel Park, Michigan, presents a remarkable investment opportunity. Built in 1942 and extensively renovated in 2023, this all-brick/block concrete structure boasts high ceilings, ample power, and a concrete floor. The property features heating, cooling, and hot water, along with a large garage door for easy access. A fully fenced lot provides secure parking. Its strategic location on Eight Mile Road offers excellent visibility. The permitted zoning, Land Use: 201 - BUSINESS, IMPROVED, allows for a variety of commercial uses. This versatile space is ideal for a range of businesses, offering potential for owner-occupancy or leasing to generate strong rental income. The property's recent renovation ensures modern functionality and efficiency, minimizing upfront capital expenditures. The asking price is $229,900. This Hazel Park warehouse presents a compelling opportunity for investors and business owners alike. The property is situated in Oakland County, Michigan, zip code 48030.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
II · Hazel Park, MIHazel Park. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.