16048 E 8 Mile Road Detroit, MI ^$ 50,000

16048 E 8 Mile Road

^$ 50,000

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Recently Listed

16048 E 8 Mile Road

Detroit, MI, 48205

^$ 50,000

Bedrooms-- Baths-- Sq 1,386

Monthly Estimate*

^$ 316

16048 E 8 Mile Road, Detroit, MI 48205 - Image 1

Commercial Property for sale in Detroit, MI

for $50,000. This 1,386 square foot building was built on a lot size of 0.05.

Prime commercial opportunity on highly traveled E. Eight Mile Road! storefront offers outstanding visibility, excellent signage potential, and B4 commercial zoning, allowing for a variety of retail, office, or service-based uses. Conveniently located near major thoroughfares with strong daily traffic, this property is ideal for an owner-user or investor looking to establish or expand a business. Don't miss this excellent opportunity in a high-exposure corridor.

Commercial Active

Price

^$ 50,000

Property Type

Commercial

Taxes

^$ 4,581

Style

Commercial/Industrial

Lot Size

0.05

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

61008384

Features

General

Possession At Close

Water Public Water

Status Active Active

Year Built 19

Subdivision Paterson Bros & Cos Ridgemont Gardens Sub MI

County Wayne

Class COM/IND/BUS OPP

Type Commercial/Industrial

Ownership Private

Municipality Detroit

Zoning Commercial

Sale/Rent For Sale

Status Detail 0

Area Detroit (82001)

Primary City Detroit

Directions 8 mile

City Detroit

Financial Terms Cash Conventional

Legal Description S EIGHT MILE RD E 17 PATERSON BROS & COS RIDGEMONT GARDENS SUB L60 P3 PLATS WCR 21/943 20 X 100

DOM 1

Postal Code 48205

Price Per Sq Ft Total AG 36.08

Public Remarks Prime commercial opportunity on highly traveled E. Eight Mile Road! storefront offers outstanding visibility excellent signage potential and B4 commercial zoning allowing for a variety of retail

Exterior

Exterior Brick

Frontage 40

Lot Size Area 0.05

Lot Dimensions 20X100

Roads Paved Street

Waterfront Y/N No

* Excluded Features

List By

Osama Kaid

Listing Agent

Xpi Realty

Broker

osamakaid48@gmail.com

Affordability Calculator

$697

Per Month

Monthly Principal & Interest: $316
Monthly Property Taxes: $382
Monthly Home Insurance: --

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Interest Rate

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.49% 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 ^$460,572

Percent of Sale Price 821%

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
7/6/2026	$50,000		Listed Price

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16048 E 8 Mile Road, Detroit, MI, 48205 is a Commercial Property for sale at $50,000 with 1,386 sqft and a lot size of 0.05. The property's zip code is 48205 which is in Detroit, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% 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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16048 E 8 Mile Road

Commercial Property for sale in Detroit, MI

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