7417 W 8 Mile Road Detroit, MI ^$ 250,000

7417 W 8 Mile Road

^$ 250,000

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7417 W 8 Mile Road

Detroit, MI, 48221

^$ 250,000

Studio Baths0.0 Sq 3,000

Monthly Estimate*

^$ 1,662

7417 W 8 Mile Road, Detroit, MI 48221 - Image 1

7417 W 8 Mile Road, Detroit, MI 48221 - Image 2

7417 W 8 Mile Road, Detroit, MI 48221 - Image 3

7417 W 8 Mile Road, Detroit, MI 48221 - Image 4

7417 W 8 Mile Road, Detroit, MI 48221 - Image 5

7417 W 8 Mile Road, Detroit, MI 48221 - Image 6

7417 W 8 Mile Road, Detroit, MI 48221 - Image 7

Studio

Commercial Property for sale in Detroit, MI

for $250,000. This 3,000 square foot building was built in 1982 on a lot size of 0.24.

Seize the opportunity to own a highly profitable 4-bay auto repair shop located on the bustling 8 Mile Road in Detroit, MI. This well-established business generates an impressive $80,000 in gross sales per month, offering a strong customer base and consistent revenue stream. Equipped with essential tools and equipment, the shop is primed for continued success under new ownership. Don't miss out on this turnkey business in a prime location!

Commercial Active

Price

^$ 250,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 10,028

Style

Business

Lot Size

0.24

Year Built

1982

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

70407670

Features

General

Heating Forced Air

Water Public Water Public Water at Street

Status Active Active

Year Built 1982

County Wayne

Class COM/IND/BUS OPP

Type Business

Municipality Detroit

Subdivision MI

Area Detroit (82001)

Primary City Detroit

Directions On Eight Mile Road and Prairie Street

City Detroit

Financial Terms Cash

Legal Description S EIGHT MILE 9 THRU 13 GEORGE COX EIGHT MILE ROAD SUB L43 P84 PLATS W C R 16/283 103.5 X 100

DOM 28

Postal Code 48221

Price Per Sq Ft Total AG 83.33

Coming Soon Seize the opportunity to own a highly profitable 4-bay auto repair shop located on the bustling 8 Mile Road in Detroit MI. This well-established business generates an impressive $80

Exterior

Exterior Concrete

Frontage 103

Lot Size Area 0.24

Lot Dimensions 103.50X100.00

Waterfront Y/N No

Interior

Fuel Type Natural Gas

* Excluded Features

List By

Ahmad Fawaz

Listing Agent

Empire Realty Group

Broker

safawaz1@gmail.com

Affordability Calculator

$2,497

Per Month

Monthly Principal & Interest: $1,662
Monthly Property Taxes: $836
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 6.99% 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 ^$471,885

Percent of Sale Price 89%

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
5/21/2024	$250,000		Listed Price

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7417 W 8 Mile Road, Detroit, MI, 48221 is a Commercial Property for sale at $250,000 with 3,000 sqft and a lot size of 0.24. 7417 W 8 Mile Road is a studio with 0.0 baths and was built in 1982. The property's zip code is 48221 which is in Detroit, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% 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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7417 W 8 Mile Road

Commercial Property for sale in Detroit, MI

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