Property profile

701 8th Mile Rd Hazel Park, MI 48030

OFF-MARKET
Retail space
Property ID
US43-5293598
3,108 SF 0.08 ac lot Built 1940
Entity Owned 1-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 3,108 square foot industrial property, located at 701 E Eight Mile Road in Hazel Park, Michigan, presents a compelling investment opportunity. The building is ideally suited for warehouse and manufacturing operations, boasting a functional layout and a 12-foot ceiling height, providing ample vertical space for storage and equipment. The property is zoned LB-M (Local Business – Manufacturing), ensuring flexibility for a variety of industrial uses. Its strategic location offers easy access to I-75 and Eight Mile Road, providing excellent connectivity for transportation and logistics. The property is available immediately, making it an attractive option for businesses seeking a quick move-in. A significant advantage is the availability of a land contract, offering a flexible financing option for potential buyers. This property in Oakland County, Michigan (zip code 48030) is situated at 42.465601 latitude and -83.0951852 longitude. This turnkey solution combines prime location, functional space, and flexible financing, making it an ideal choice for discerning investors and businesses alike. Don't miss this chance to acquire a well-positioned industrial asset in a thriving Michigan market.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1940
Total area 3,108 SF
Lot 0.08 ac (3,485 SF)
Zoning code BI
APN 28-25-36-380-012
UPID US43-5293598

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

701 8th Mile Rd Hazel Park, MI 48030-2503
Hazel Park metro Census 175300 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$220k

Owner & transaction history

since 2025
7 recorded transactions
2025
Price N/A
2023
Price N/A
2019
Price N/A
2014
$60,000
2011
Price N/A
2011
Price N/A
2011
$29,000

Zoning & alternative use

BI · Hazel Park, MI

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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