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7417 W 8 Mile Road, Detroit, MI 48221
$250,000
7417 W 8 Mile Road, Detroit, MI 48221View this property at 7417 W 8 Mile Road, Detroit, MI 48221
7417 W 8 Mile RoadDetroitMI48221
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Property Description
Seize the opportunity to own a highly profitable 4-bay auto repair shop located on the bustling 8 Mile Road in Detroit, MI. This well-established business generates an impressive $80,000 in gross sales per month, offering a strong customer base and consistent revenue stream. Equipped with essential tools and equipment, the shop is primed for continued success under new ownership. Don't miss out on this turnkey business in a prime location!
Full Property Details
Full Property Details for 7417 W 8 Mile Rd
General
- Price: $250,000
- Taxes: $10,028
- Status: Active
- Type: Business
- MLS ID: 24025209
- Updated: 6/14/2024
- Added to Site: 26 day(s) ago
Business
- Business Type: Auto Service
Interior
- Number of Fireplaces: 1
Rooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
Location
- Area: Wayne County - 100
- County: Wayne
- Cross Streets: Eight Mile Road/Prairie Street
- Driving Directions: On Eight Mile Road and Prairie Street
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- # Buildings: 1
- Roof: Concrete
- Stories/Levels: 1
- Square Feet: 3,000
- Year Built: 1982
Lot Features
- Lot Size (Acres): 0.24
- Lot Size (Sq. Ft.): 10,454
- Lot Dimensions: 103.50 x 100.00
Financial Considerations
- Tax Amount: $10,028
- Terms: Cash
Disclosures and Reports
- Legal Description: S EIGHT MILE 9 THRU 13 GEORGE COX EIGHT MILE ROAD SUB L43 P84 PLATS, W C R 16/283 103.5 X 100
- Property ID: 16009332-6
Listed by Empire Realty Group, Ahmad Fawaz
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Schools
Schools serving 7417 W 8 Mile Rd
School District:Detroit Public Schools Community District
Rating | Name | Grades | Distance |
---|---|---|---|
19811 Stoepel St, Detroit, MI 48221 | PK-6 | 0.5 mi | |
19701 Wyoming St, Detroit, MI 48221 | K-8 | 1 mi | |
3901 Margareta St, Detroit, MI 48221 | PK-8 | 1.3 mi | |
2001 W Warren Ave, Detroit, MI 48208 | 6-12 | 7.4 mi | |
17525 Wyoming St, Detroit, MI 48221 | 9-12 | 1.9 mi | |
19501 Berg Rd, Detroit, MI 48219 | 9-12 | 4.5 mi | |
123 Selden St, Detroit, MI 48201 | 9-12 | 8 mi | |
6501 W Outer Dr, Detroit, MI 48235 | PK-8 | 2.9 mi | |
9026 Woodward Ave, Detroit, MI 48202 | PK-12 | 5.5 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 7417 W 8 Mile Rd
Date
Details
Price
Change
Source
5/21/2024
Listed
$250,000
-37.5%
MLS
3/31/2020
Sold
$400,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 7417 W 8 Mile Rd
Year
Property Taxes
Change
Tax Assessment
Change
2020
$10,071
150%
$134,200
13%
2022
$4,029
-71%
$118,800
18%
2020
$13,969
—
$101,000
4%
2020
$13,969
58%
$97,400
-1%
2019
$8,817
1%
$98,500
-6%
2018
$8,733
1%
$105,300
7%
2017
$8,678
—
$98,400
2%
2016
$8,721
1%
$96,900
—
2015
$8,627
—
$96,900
—
2014
$8,591
1%
$96,863
—
2013
$8,490
—
$96,863
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 7417 W 8 Mile Rd
7417 W 8 Mile Road, Detroit, MI 48221 (MLS# 24025209) is a Business property. 7417 W 8 Mile Road is currently listed for $250,000 and was received on May 21, 2024. Want to learn more about 7417 W 8 Mile Road? Do you have questions about finding other Business real estate for sale in Detroit? You can browse all Detroit real estate or contact a Coldwell Banker agent to request more information.