5540 E 8 MILE Road E Detroit, MI $ 1,499,000
5540 E 8 MILE Road E
$ 1,499,000
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5540 E 8 MILE Road E

Detroit, MI, 48091
$ 1,499,000
Bedrooms-- Baths-- Sq 1,824

Monthly Estimate*

$ 9,352

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Commercial Property for sale in Detroit, MI

for $1,499,000. This 1,824 square foot building was built in 1949 on a lot size of 0.09.

LOCATION LOCATION LOCATION! GOLDEN BUSINESS! DISPENSARY FULLY LICENSED, TURN KEY READY! Very attractive building decor with top quality materials used to build building. Building approx 4,000 Sq Ft., Approx one acre Lot with ample parking in new cement parking lot, Drive thru available. Dispensary with ceramic marble floors, great lighting, secure service reception area built with state of the art safety measures. Rest rooms, large Storage area. Guaranteed $$$ Maker from day one!

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Commercial Active

Price

$ 1,499,000

Property Type

Commercial

Taxes

$ 1,315

Style

BusinessandRealEstate

Lot Size

0.09

Year Built

1949

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

20240050365

Features
General
Sewer PublicSewer
Heating ForcedAir NaturalGas
Cooling CentralAir
Utilities AboveGroundUtilities
Possession AtClose
Roof Asphalt
Security Features ClosedCircuitCameras
Construction Materials Brick
Year Built 1949
Electric Power3Phase Volts440 CircuitBreakers
Levels Two
Property Subtype BusinessandRealEstate
Current Use MedicalDental
Business Type Medical Recreation
Accessibility AccessibleClosets
County Wayne
Net Operating Income 0.0
Operating Expense 0.0
New Construction N
Property Type BusinessOpportunity
HOA N
Attached Garage N
Subdivision Name KOLOWICH PARK (PLATS)
Garage Y/N N
Building Features Doors1015ft
Status Active
Directions East bound Eight Mile to Calwell just west of Mound Rd on South side of 8 Mile Rd.
City DetroitCity_Wayne
Disclosures ConformstoZoning
Senior Community Y/N N
High School District Detroit
Zoning Description Commercial
MLS Area Area05051Det68DequindreToConner
Lot Size Units Acres
Carport Y/N N
Land Lease Y/N N
Tax Annual Amount 1315.0
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Occupancy Type Owner
Tax Assessed Value 14067
TaxOtherAnnualAssessmentAmount 100.0
Expected Active Date 2024-07-12
Legal Description W CALDWELL 171 KOLOWICH PK L49 P63 PLATS W C R 13/302 35 X 108
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Exterior
Parking Features Lighted ParkingLot
Water Source Public
Lot Size Area 0.09
Foundation Details Slab
Spa N
Building Area Total 3800.0
Lot Dimensions 113.00 x 108.00
Lot Size Acres 0.09
Waterfront Y/N N
Road Frontage Type Paved
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 1824.0
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Internal Only
Street Number 1 5540
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* Excluded Features
List By
Sam Jaafar

Listing Agent

Re/Max Leading Edge

Broker

(313) 995-2600

Phone

Affordability Calculator

$9,461
Per Month
99%
1%
0%
Monthly Principal & Interest
$9,352
Monthly Property Taxes
$110
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% 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
848539 Elementary School
848135 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
8/1/2025$1,499,000 -16.68% Price Down
6/24/2025$1,799,000 -18.19% Price Down
1/12/2025$2,199,000 -12.00% Price Down
7/13/2024$2,499,000 Listed Price

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5540 E 8 MILE Road E, Detroit, MI, 48091 is a Commercial Property for sale at $1,499,000 with 1,824 sqft and a lot size of 0.09. 5540 E 8 MILE Road E was built in 1949. The property's zip code is 48091 which is in Detroit, MI