201 8 Mile RdDetroit, MI 48203

This exceptional 4,937 square foot retail property in Detroit, Michigan, presents a unique investment opportunity. Located at 201 Eight Mile Rd, this single-story, 1982-built building (renovated in 2016) sits on a 0.4-acre lot and boasts a fee simple absolute ownership. The property features two units and is zoned for commercial use. Previously operating as a medical dispensary, it's nearly turnkey, requiring only minor modifications to align with approved plans. Crucially, it already possesses Special Land Use (SLU) approval, making it ideal for a recreational dispensary license transfer or a new application. The location benefits from high visibility and accessibility, situated between Woodward Avenue and I-75, with multiple curb cuts, a traffic light, and an 8-Mile turnaround lane. A significant advantage is the high traffic count exceeding 20,000 vehicles daily. Additional overflow parking is readily available for lease from a neighboring business. The property is offered for sale at $1,700,000 or lease at $10,000 per month. Seller financing is available for qualified buyers.