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33653784
33653785

427 E 8 Mile Road, Hazel Park, MI 48030 For Sale

HH
Herbert J Hill Realty Real Estate Master
Listed by Herbert J Hill Realty Real Estate Master
$220,000
355 days on market
Updated 25 days ago

427 E 8 Mile Road

Details
APN 2536359037
Property Type Retail
Square Footage 1,183
NOI $18,000
Year Built 1951
Acreage 0.380

Retail | 1,183 SqFt

Marketing description

Price Improvement! Now offered at $220,000.00, This exceptional Hazel Park commercial property delivers outstanding visibility and versatility along bustling 8 Mile Road. Featuring approximately 1,183 sq. ft. of interior space on a 0.38 - acre corner adjacent lot, the building offers flexible B - 1 zoning suited for retail, salon, office or boutique service use. Enjoy promenade street frontage, ample on - site parking and easy access to I -75, John R Rd. and surrounding metro - Detroit corridors. Originally used as a salon, the space is well maintained and ready for an owner - occupant or investor seeking a turn - key setup with potential for value - add updates or additional income. Whether you're expanding your business presence or acquiring a highly visible investment property in a growth corridor, 427 E. 8 Mile Rd. offers the perfect mix of affordability, exposure and opportunity.
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Listing Contacts

HH
Herbert J Hill Realty Real Estate Master
Listed by Herbert J Hill Realty Real Estate Master

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$18,000.00
$1,500.00/mo

Valuation Metrics

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DSCR
8.18%
Cap Rate
8.18%
ROI

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