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    Property profile & analytics
    FOR SALE
    Retail space

    877 E 8 Mile Rd, Hazel Park, MI 48030

    3,445 SF 0.39 ac lot Built 1982
    Entity Owned 1-yr Hold Absentee Owner Free & Clear
    Property ID
    US43-1007583
    Property summary
    AI-generated overview

    This exceptional 3,445 square foot storefront property presents a unique redevelopment opportunity for discerning investors. Situated on a prominent 0.47-acre lot at the northwest corner of I-75 and 8 Mile Road in Hazel Park, Michigan, this former car dealership boasts unparalleled visibility and accessibility. The hard corner location ensures maximum exposure to the extremely high traffic counts generated by this major intersection. The building itself offers a flexible layout, including a drive-in showroom, ideal for a variety of retail uses. Monument signage is already in place, providing excellent branding opportunities visible from both I-75 and 8 Mile Road. The property's location in Oakland County, Michigan, zip code 48030, offers easy access to a large consumer base. The asking sale price is available upon request. Alternatively, a lease is available at a gross monthly rate of $3,300 plus utilities. This property is classified as retail, subtype storefront, and represents a compelling investment opportunity for those seeking high-impact commercial real estate in a prime location. The property's size and location make it suitable for a wide range of retail businesses seeking high visibility and accessibility.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1982
    Total area 3,445 SF
    Lot 0.39 ac (16,988 SF)
    Zoning code BI
    APN 28-25-36-380-024
    UPID US43-1007583
    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
    Current use
    Occupant on record · Public records
    • Your Buds (Bike/Boat/Book/etc) Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Hazel Park Vista 721 LLC · 1 yrs held
    Hazel Park Vista 721 LLC
    since 2024
    2 recorded transactions
    2024
    2018
    Zoning & alternative use
    BI · Hazel Park, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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