For Sale
16056 E 8 Mile Road, Detroit, MI 48205
$50,000
MLS # 20261051132 (Realcomp)
Built 19590.05 acres
1 / 1
Listing Description
Prime commercial opportunity on highly traveled E. Eight Mile Road! This approximately 1,300 sq. ft. storefront offers outstanding visibility, excellent signage potential, and B4 commercial zoning, allowing for a variety of retail, office, or service-based uses. Conveniently located near major thoroughfares with strong daily traffic, this property is ideal for an owner-user or investor looking to establish or expand a business. Don't miss this excellent opportunity in a high-exposure corridor.
Source: SparkMLS
About this home
Listed at $50,000.
Annual property taxes run approximately $2,630 ($219/month). 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 Built1959
Location
CityDetroit
Zip Code48205
CountyWayne
School DistrictDetroit
Construction & Systems
ConstructionBrick
WaterPublic
Sale & Financing
Listed7/5/2026
Source: SparkMLS
Tax Information
Annual Tax$2,289
Tax Year2025
State Equalized Value$32,000
Assessed Value$32,000
Parcel #21027969.
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 Osama Kaid
XPI Realty
Frequently Asked Questions about 16056 E 8 Mile Road, Detroit, MI 48205
What school district is 16056 E 8 Mile Road, Detroit, MI 48205 in?
Per MLS# 20261051132, this property is served by Detroit. In Michigan, school district boundaries are set by the state and do not always follow city limits.
How much are property taxes for this home?
Per MLS# 20261051132, the most recent reported annual property tax for 16056 E 8 Mile Road, Detroit, MI 48205 is $4,062. 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.
Is 16056 E 8 Mile Road, Detroit, MI 48205 eligible for USDA financing?
Per USDA boundary maps, this property is located in a USDA-eligible area, which means qualified buyers may be able to finance with 0% down through the USDA Rural Development program. Confirm current eligibility directly with USDA.
What is the FEMA flood zone designation for this property?
Per FEMA's National Flood Hazard Layer, 16056 E 8 Mile Road, Detroit, MI 48205 is in flood zone X (minimal risk). 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.
Who are the utility providers for this property?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: DTE Gas Company. Water: Public. Confirm service details directly with providers.
How safe is this area?
Per our practice, crime and safety data should be obtained directly from the authoritative source. Wayne County law enforcement agencies participate in CLEMIS (Courts and Law Enforcement Management Information System) for public safety records.
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Tax Estimate
$
Annual tax$2,630
Monthly$219
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$543
Principal & interest$324
Property taxes$219
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
16056 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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