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

5540 E 8 MILE Road

^$ 1,499,000

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5540 E 8 MILE Road

Detroit, MI, 48091

^$ 1,499,000

Bedrooms-- Baths-- Sq 3,800

Monthly Estimate*

^$ 9,352

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Commercial Property for sale in Detroit, MI

for $1,499,000. This 3,800 square foot building was built 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!

Commercial Active

Price

^$ 1,499,000

Property Type

Commercial

Taxes

^$ 1,315

Style

Commercial/Industrial

Lot Size

0.09

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

60323174

Features

General

Heating Forced Air

Possession At Close

Roof Asphalt

Water Public Water

Status Active Active

Year Built 19

Subdivision KOLOWICH PARK (PLATS) MI

County Wayne

Class COM/IND/BUS OPP

Type Commercial/Industrial

Ownership Private

Municipality Detroit

Zoning Commercial

Sale/Rent For Sale

Status Detail 0

Commercial Features 3 Phase Power 440 Volt Power Overhead Doors

Area Detroit (82001)

Primary City Detroit

Directions East bound Eight Mile to Calwell just west of Mound Rd on South side of 8 Mile Rd.

City Detroit

Financial Terms Cash Conventional

Legal Description W CALDWELL 171 KOLOWICH PK L49 P63 PLATS W C R 13/302 35 X 108

DOM 509

Postal Code 48234

Price Per Sq Ft Total AG 394.47

Public Remarks 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.

Exterior

Exterior Brick

Frontage 108

Lot Size Area 0.09

Lot Dimensions 113.00 x 108.00

Roads Paved Street

Waterfront Y/N No

Interior

Fuel Type Natural Gas

* Excluded Features

List By

Sam Jaafar

Listing Agent

Re/Max Leading Edge

Broker

samjaafar@aol.com

Affordability Calculator

$9,461

Per Month

Monthly Principal & Interest: $9,352
Monthly Property Taxes: $110
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 6.375% 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

Trends
Schools

Commerical listings in Detroit, MI

Average List Price ^$496,505

Percent of Sale Price 67%

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
7/31/2025	$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, Detroit, MI, 48091 is a Commercial Property for sale at $1,499,000 with 3,800 sqft and a lot size of 0.09. The property's zip code is 48091 which is in Detroit, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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.

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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5540 E 8 MILE Road

Commercial Property for sale in Detroit, MI

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