476 8 Mile Rd, Hazel Park, MI 48030
For Sale
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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.
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.