For Sale
5540 E 8 MILE Road E, Detroit, MI 48091
$1,499,000
MLS # 20240050365 (Realcomp)
3,800 sqftBuilt 19490.09 acres
1 / 77
Listing Description
LOCATION LOCATION LOCATION!GOLDEN BUSINESS! DISPENSARY FULLY LICENSED, TURN KEY READY! Very attractive building decor with top quality materials used to build building. Building approx 4,000 Sq Ft., Approx one acre Lot with ample parking in new cement parking lot, Drive thru available. Dispensary with ceramic marble floors, great lighting, secure service reception area built with state of the art safety measures. Rest rooms, large Storage area. Guaranteed $$$ Maker from day one!
Source: SparkMLS
About this home
3,800 sq ft home in Pershing in Detroit built in 1949.
Listed at $1,499,000 (about $394/sq ft).
Annual property taxes run approximately $3,723 ($310/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
Living Area3,800 sqft
Lot Size0.09 acres
Year Built1949
Location
CityDetroit
Zip Code48091
CountyWayne
School DistrictDetroit
Construction & Systems
ConstructionBrick
HeatingForced Air
WaterPublic
Sale & Financing
Listed7/12/2024
Original Price$2,499,000
Source: SparkMLS
Tax Information
Annual Tax$1,477
Tax Year2025
State Equalized Value$45,300
Assessed Value$45,300
Parcel #13014371.
Source: Public Records
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Sam Jaafar
RE/MAX Leading Edge
Frequently Asked Questions about 5540 E 8 MILE Road E, Detroit, MI 48091
Which school district serves 5540 E 8 MILE Road E, Detroit, MI 48091?
Per MLS# 20240050365, 5540 E 8 MILE Road E, Detroit, MI 48091 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 5540 E 8 MILE Road E, Detroit, MI 48091?
Per public tax records, annual property taxes for this property are $1,315. 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, 5540 E 8 MILE Road E, Detroit, MI 48091 is not in an eligible area. USDA eligibility is based on property location — properties within designated urban zones are excluded. Other low-down-payment options (FHA, VA) may still be available.
Is 5540 E 8 MILE Road E, Detroit, MI 48091 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 5540 E 8 MILE Road E, Detroit, MI 48091?
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.
Map
Tax Estimate
$
Annual tax$3,723
Monthly$310
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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%
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Monthly payment$10,033
Principal & interest$9,722
Property taxes$310
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
5540 E 8 MILE Road E, Detroit, MI 48091
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Neighborhood
Pershing
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Community
Detroit
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County
Wayne County
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