20651 W 8 MILE Road Detroit, MI ^$ 4,499,000

20651 W 8 MILE Road

^$ 4,499,000

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20651 W 8 MILE Road

Detroit, MI, 48219

^$ 4,499,000

Studio Baths0.0 Sq 8,736

Monthly Estimate*

^$ 29,902

20651 W 8 MILE Road, Detroit, MI 48219 - Image 1

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20651 W 8 MILE Road, Detroit, MI 48219 - Image 7

20651 W 8 MILE Road, Detroit, MI 48219 - Image 8

20651 W 8 MILE Road, Detroit, MI 48219 - Image 9

20651 W 8 MILE Road, Detroit, MI 48219 - Image 10

20651 W 8 MILE Road, Detroit, MI 48219 - Image 11

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Studio

Commercial Property for sale in Detroit, MI

for $4,499,000. This 8,736 square foot building was built on a lot size of 0.24.

HereÃ¢â¬â¢s your chance to own your own Adult Entertainment club. This presents a unique business opportunity to create a sophisticated and upscale entertainment venue by curating a refined atmosphere, offering premium services, and hosting exclusive events, you can establish a luxurious and sought-after destination for socializing, networking, and entertainment. With careful attention to detail, exceptional customer service, and strategic marketing efforts, you can cultivate a loyal customer base and establish a profitable business in the thriving nightlife industry.

Commercial Active

Price

^$ 4,499,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 27,076

Style

Commercial/Industrial

Lot Size

0.24

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

60298260

Features

General

Heating Forced Air

Possession At Close

Water Public Water

Status Active Active

Year Built 20

Subdivision MORE THAN ONE LEGAL INVOLVED MI

County Wayne

Class COM/IND/BUS OPP

Type Commercial/Industrial

Percent Ownership Private

Municipality Detroit

Zoning Commercial

Area Detroit (82001)

Primary City Detroit

Directions On Eight mile rd between Lahser and Evergreen.

City Detroit

Street Name 8 MILE

Financial Terms Cash Conventional

Legal Description S EIGHT MILE W N 130 FT OF THAT PT OF N E 1/4 SEC 3 T 1 S R 10 E LYG S OF EIGHT MILE BTWN PATTON & BRAILE EXC E 140FT 22/--- 106.30 IRREG

DOM 55

Postal Code 48219

Price Per Sq Ft Total 515

Coming Soon

Exterior

Exterior Block Stone

Frontage 105

Lot Size Area 0.24

Lot Dimensions 105 X 130

Roads Paved Street

Waterfront Y/N No

Interior

Fuel Type Natural Gas

* Excluded Features

List By

Johnny Gewarges

Listing Agent

Exp Realty

Broker

johnnygewarges@gmail.com

Affordability Calculator

$32,158

Per Month

Monthly Principal & Interest: $29,902
Monthly Property Taxes: $2,256
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 6.99% 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 ^$476,939

Percent of Sale Price 89%

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
5/17/2024	$4,499,000	-8.18%	Price Down
4/4/2024	$4,900,000		Listed Price

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20651 W 8 MILE Road, Detroit, MI, 48219 is a Commercial Property for sale at $4,499,000 with 8,736 sqft and a lot size of 0.24. 20651 W 8 MILE Road is a studio with 0.0 baths. The property's zip code is 48219 which is in Detroit, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% 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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20651 W 8 MILE Road

Commercial Property for sale in Detroit, MI

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