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13541 W 8 Mile Rd
Detroit, MI 48235

8-Schaeffer Plaza · Retail Property For Sale

Investment Highlights

  • Heavy daytime foot traffic
  • Laundromat with new equipment

Executive Summary

This 6,119-square-foot self-service laundromat recently opened and has state-of-the-art machines. It is open seven days a week and offers Wash-Dry-Fold services. The facility is spacious, clean, and in a plaza with heavy foot traffic. The real estate is included, and this plaza has four units total. All units are currently occupied.
A new owner could grow the business through community and social media marketing. Adding delivery services and commercial accounts could also increase growth.
There are 70 machines total, 8 of which are commercial grade—(4) 80 lb and (4) 60 lb.

PROPERTY FACTS

Sale Type
Investment or Owner User
Sale Condition
Business Value Included
Property Type
Retail
Property Subtype
Freestanding
Building Size
14,000 SF
Building Class
C
Year Built
1956
Price
$2,499,999
Price Per SF
$179
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.48
Land Acres
0.67 AC
Zoning
B2, Detroit
Parking
100 Spaces (7.14 Spaces per 1,000 SF Leased)
Frontage
107 FT on 8 Mile Rd

Amenities

  • Bus Line
  • Corner Lot
  • Signage

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 22-018584
  • 22-03-034-10-08L
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$299,800
  • Listing ID: 33760567

  • Date on Market: 11/5/2024

  • Last Updated:

  • Address: 13541 W 8 Mile Rd, Detroit, MI 48235

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