17221 W 8 Mile Road Detroit, MI ^$ 800,000

17221 W 8 Mile Road

^$ 800,000

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Recently Listed

17221 W 8 Mile Road

Detroit, MI, 48235

^$ 800,000

Studio Baths0.0 Sq 6,500

Monthly Estimate*

^$ 5,588

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Studio

Commercial Property for sale in Detroit, MI

for $800,000. This 6,500 square foot building was built in 1977 on a lot size of 0.6.

This is a beautiful property located right off the freeway. With over half an acre of land and a former Chase Bank building featuring drive-thru with multiple lanes, excessive parking, and has many potential uses. It is situated along a heavily trafficked major artery, which provides exceptional visibility to over 65,000 vehicles that pass by daily. All measurements are approximate agent to verify.

Commercial Active

Price

^$ 800,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 21,837

Style

Bank

Lot Size

0.6

Year Built

1977

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

20240022097

Features

General

Sewer Public Sewer (Sewer-Sanitary)

Possession At Close

current use Bank

Zoning Commercial

Year Built 1977

Property Type Commercial

Subdivision Name MADISON PARK NO 1 RESUB (PLATS)

Transaction Type Sale

Status Active

Short Sale No

Construction Materials Brick

Cumulative Days on Market 14

MLS Area Det - 6 To 8 Grnfld To Limits

Directions Head east on Eight Mile Rd W

City Detroit

Terms Offered Cash Conventional

School District Detroit

Land Contract 0

Ownership Status Short Sale - No Private Owned

Street Name 8 MILE

Assessment 0.00

Total Sq Ft 6500

DOM 14

Taxes 21837.0000

Legal Description S EIGTH MILE W 1153 THRU 1141MADISON PARK NO 1 RESUB L64 P84 PLATS WCR 22/689 260 X 100

Exterior

Waterfront 0

Lot Size Area 0.60

Water Source Public (Municipal)

Lot Size Dimensions 260.00 x 100.00

Interior

Street Suffix Road

Internal Only

Originating MLS Realcomp II Ltd

* Excluded Features

List By

Nick Jaafar

Listing Agent

Keller Williams Legacy

Broker

(313) 706-7011

Phone

Affordability Calculator

$7,408

Per Month

Monthly Principal & Interest: $5,588
Monthly Property Taxes: $1,820
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Detroit, MI

Average List Price ^$473,955

Percent of Sale Price 41%

About Detroit, MI

633,657 Population

-33% Since 2002

^$26,977 Median Income

36.23 Median Age

26% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

848539 Elementary School

848135 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/8/2024	$800,000		Listed Price

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17221 W 8 Mile Road, Detroit, MI, 48235 is a Commercial Property for sale at $800,000 with 6,500 sqft and a lot size of 0.6. 17221 W 8 Mile Road is a studio with 0.0 baths and was built in 1977. The property's zip code is 48235 which is in Detroit, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 4/29/2024.

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17221 W 8 Mile Road

Commercial Property for sale in Detroit, MI

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