For Sale
16046 E 8 Mile Road, Detroit, MI 48205
$60,000
MLS # 20261030275 (Realcomp)
Built 19550.05 acres
1 / 1
Listing Description
Great investment opportunity! This commercial property offers endless potential for entrepreneurs, investors, or business owners looking to expand their portfolio. Ideal for retail, office, salon, boutique, service-based business, or mixed-use possibilities. Conveniently located with great visibility and easy access. Affordable entry point perfect for bringing your business vision to life or generating income potential. Schedule your showing today and explore the possibilities!
Source: SparkMLS
About this home
Asking $60,000.
Estimated annual property tax: $2,005, or about $167 monthly. Estimate is based on county assessor records and current millage rates; actual tax may vary with PRE status and recent assessment changes.
Electric service is provided by DTE Electric Company; natural gas by DTE Gas Company.
Listing Property Details
Property TypeCommercial Sale
Bathrooms0
Lot Size0.05 acres
Year Built1955
Location
CityDetroit
Zip Code48205
CountyWayne
School DistrictDetroit
Construction & Systems
ConstructionBrick
HeatingForced Air
WaterPublic
Sale & Financing
Listed4/29/2026
Original Price$77,000
Source: SparkMLS
Tax Information
Annual Tax$1,754
Tax Year2025
State Equalized Value$24,400
Assessed Value$24,400
Parcel #21027971.
Source: Public Records
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Eligible — 0% Down Payment Available
Verify eligibility at USDAListed by Lashawn Peterson
EXP Realty Main
Frequently Asked Questions about 16046 E 8 Mile Road, Detroit, MI 48205
Which school district serves 16046 E 8 Mile Road, Detroit, MI 48205?
Per MLS# 20261030275, 16046 E 8 Mile Road, Detroit, MI 48205 is in the Detroit boundaries. School district assignments are determined by property location and may differ from the mailing city. Contact Detroit directly to confirm enrollment eligibility.
What are the property taxes at 16046 E 8 Mile Road, Detroit, MI 48205?
Per public tax records, annual property taxes for this property are $4,217. Michigan property taxes are based on a property's taxable value multiplied by the local millage rate. Primary residences qualify for a homestead exemption that lowers the rate.
Can I use a USDA Rural Development loan for this property?
Per USDA Rural Development boundary data, 16046 E 8 Mile Road, Detroit, MI 48205 is in an eligible area. USDA RD loans offer 0% down payment for qualified buyers. Verify current eligibility at the USDA eligibility site, as boundaries are updated periodically.
Is 16046 E 8 Mile Road, Detroit, MI 48205 in a flood zone?
Per FEMA flood maps, this property is designated as Zone X, a minimal-risk flood area. Flood insurance is not typically required in this zone but may still be advisable. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
What utilities serve 16046 E 8 Mile Road, Detroit, MI 48205?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: DTE Gas Company. Water: Public. Confirm service details directly with providers.
What is the crime rate in this area?
For crime and public safety data, we recommend inquiring directly with the source. Wayne County is served by CLEMIS (Courts and Law Enforcement Management Information System), which provides public safety data for Southeast Michigan law enforcement agencies.
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Tax Estimate
$
Annual tax$2,005
Monthly$167
Millage rate82.1844 mills
Municipality: Detroit
School district: DETROIT CITY SCHOOL DISTRICT
County: Wayne
Estimate based on SEV for a new buyer (taxable value resets to SEV on transfer). Actual taxes may vary. MI Treasury PT Estimator
Mortgage Calculator
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Monthly payment$556
Principal & interest$389
Property taxes$167
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
DTE Electric Company
Investor-Owned
DTE Gas Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
16046 E 8 Mile Road, Detroit, MI 48205
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Neighborhood
Burbank
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Community
Detroit
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County
Wayne County
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