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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
$340k
Owner & transaction history
Hazel Park Vista 721 LLC · 1 yrs held
Hazel Park Vista 721 LLC
since 2024
2 recorded transactions
2024
Price N/A
2018
Price N/A
Zoning & alternative use
BI · Hazel Park, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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