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    FOR SALE
    Warehouses

    476 8 Mile Rd, Hazel Park, MI 48030

    2,100 SF 0.16 ac lot Built 1938
    Individually Owned 1-yr Hold Free & Clear
    Property ID
    US43-1657127
    Property summary
    AI-generated overview

    This 2,940 square foot warehouse, located at 476 Eight Mile Road in Hazel Park, Michigan, presents a unique investment opportunity. Built in 1938 and situated on a 0.16-acre lot, this industrial property boasts a newly remodeled two-bedroom apartment, perfect for live/work arrangements or owner occupancy. The warehouse itself features a 12-foot ceiling height, providing ample vertical space for storage or operations. Two loading docks ensure efficient loading and unloading of goods. The property's location in Oakland County, near Ferndale, offers convenient access to major transportation routes and a thriving business community. The large fenced yard provides additional secure outdoor space, ideal for storage or employee parking. The asking price is $325,000, translating to $110.54 per square foot. This rare combination of residential and commercial space makes this property an attractive option for a variety of businesses and entrepreneurs. The property's zip code is 48030. This is a truly exceptional opportunity to acquire a versatile and well-located industrial property.

    Property profile
    Verified
    Property type Warehouses
    Use group WAREHOUSE, STORAGE
    Year built 1938
    Total area 2,100 SF
    Lot 0.16 ac (6,970 SF)
    Zoning code II
    APN 28-25-35-460-006
    UPID US43-1657127
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Michael Pilot · 1 yrs held
    Michael Pilot
    since 2024
    3 recorded transactions
    2024
    2011
    2009
    Zoning & alternative use
    II · Hazel Park, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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