8230 E 8 MILE RD $1,000,000

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    8230 E 8 MILE RD Detroit, MI 48234

    Sold
    SOLD 10/1/2021

    $1,000,000

    Market Estimate
    • 12,000 sq. ft.
    • 2.53 Acres
    • Commercial
    • MLS# 40169661
    8230 E 8 MILE RD, Detroit, MI 48234
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    Listing provided courtesy of: RE/MAX First - 2485484400
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    Property Details

    A rare opportunity now on the market. Two buildings and almost an additional two acres of paved land are included in this offering. The first building is 4,400 square feet and was originally a bank branch and data center. All of the teller windows are still intact. Multiple offices throughout the building. Second building is 15,250 square feet and was last used as a conference/banquet hall. 24 foot ceilings in the hall portion of this building. A dedicated kitchen area along with several supportive rooms complete this second building. Both buildings are connected by a covered walkway. The land site is 2.53 acres with approximately 2 acres of paved parking that could also be used for expansion. The bank building, along with the two ingress/egress off of E. Eight Mile, does have an existing drive-thru feature.

    • General Features
      • Acreage 2.53
      • Area Municipality Detroit (82001)
      • County Wayne
      • Originating MLS RealComp
      • Ownership Private
      • Subdivision MORE THAN ONE SUBDIVISION INVOLVED
      • Total SqFt Finished 12000
      • Waterfront Y/N No
      • Year Built 1955
      • ZONING Commercial
    • Building Features
      • Cooling System Central A/C
      • Exterior Construction Brick, Concrete/Block, Other
      • Foundation Type Slab
      • Heating System Other-See Remarks
      • FUEL TYPE Natural Gas
    • Property Features
      • Water Public Water
      • Lot Size 156 x 704
      • Roads Class A
      • Sewer Septic Public Sanitary

    Neighborhood

    48234 (Detroit) Demographics

    34 Median Age
    4,337 Population Density (per sq. mile)
    17% College Educated
    $31,046 Estimated Median Income
    7,118 Estimated Total Home Owners
    6,207 Estimated Total Renters
    53% / 47% Estimated Owner / Renter Divide
    3 Estimated Average Household Size
    33,969 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $72,000 Median Sales Price
    15 Homes Sold
    84 New On Market

    Average Days on Site

      Properties for Sale
        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- New in Database Source: Multiple Listing Service New Value: $0 -100%
        10/1/2021 3:00:00 AM Sold Source: Multiple Listing Service New Value: $1,000,000
        Information is provided in part by the IDX program of the Great Lakes Repository. All information provided is deemed reliable but is not guaranteed and should be independently verified.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.