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

17221 W 8 MILE Road

^$ 800,000

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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 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

Commercial/Industrial

Lot Size

0.6

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

60298854

Features

General

Possession At Close

Water Public Water

Status Active Active

Year Built 19

Subdivision MADISON PARK NO 1 RESUB (PLATS) MI

County Wayne

Class COM/IND/BUS OPP

Type Commercial/Industrial

Percent Ownership Private

Municipality Detroit

Zoning Commercial

Area Detroit (82001)

Primary City Detroit

Directions Head east on Eight Mile Rd W

City Detroit

Street Name 8 MILE

Financial Terms Cash Conventional

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

DOM 15

Postal Code 48235

Price Per Sq Ft 123.08

Coming Soon 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

Exterior

Exterior Brick

Frontage 35

Lot Size Area 0.6

Lot Dimensions 260.00 x 100.00

Roads Paved Street

Waterfront Y/N No

* Excluded Features

List By

Nick Jaafar

Listing Agent

Keller Williams Legacy

Broker

njaafar@kw.com

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 ^$474,943

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.

760529 Elementary School

760235 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. 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.

Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.

The information published and disseminated by MiRealSource is communicated verbatim, without change by MiRealSource, as filed with MiRealSource by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

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17221 W 8 MILE Road

Commercial Property for sale in Detroit, MI

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