for sale - locations...5 parcels on w. 8 mile rd. hazel park, mi property details two parcels on w....

Property Summary:

• 5 Parcels on the north side of W. 8 Mile Rd. – between Woodward Ave. and John R.

• All zoned BC-2, 8 Mile Business.• Structures on 4 of the parcels: 1 warehouse,

1 retail/storage building and 2 residential.

For Sale

Disclosure: We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease of financing or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You your tax and legal advisors should conduct your own investigation of the property and transaction.

Locations Commercial Real Estate Services32000 Northwestern Highway, Ste. 275Farmington Hills, MI 48334Office: (248) 516-7777

Contact: Pharoah TurnerDirect: [email protected]

• 5th parcel is a vacant lot.• 0.56 total acreage.• Traffic: 60,000 ADT• Asking: $407,000

Development Opportunity 5 Parcels on W. 8 Mile Rd., Hazel Park, MI

5 Parcels on W. 8 Mile Rd.Hazel Park, MI

Property Details

Two Parcels on W. 8 Mile Rd. with existing businesses

Zoned BC-2, 8 Mile Business

456 W. 8 Mile - Warehouse - 4,050 SF PARCEL ID: 28-25-35-460-007 1 overhead door: 10’x10.5’ 1 large roll door in the back: 4’x7’ Ceiling height: Front: 12.5'and Back: 11.5’ Land Dimensions: 60’ x 117’ = 0.16 acres Built 1936

444 W. 8 Mile – Mike’s Trailer -2,099 SF PARCEL ID: 28-25-35-460-023 Land dimensions 60x117 = 0.16 acres Built 1948


444 W. 8 Mile Rd. and 456 W. 8 Mile Rd. Warehouse and Retail/Storage Building


3 Parcels on W. Muir - Backing to W. 8 Mile Zoned BC-2, 8 Mile Business

407 W. Muir – Multi-Family Residential – 1,277 SF PARCEL ID: 28-25-35-460-008 Upper Flat: 2 Bedrooms, 1 Bath, Living Room, Kitchen Lower Flat: 2 Bedrooms, 1 Bath, Dining Room, Living Room, Kitchen Units share 681 SF basement Land dimensions 30x117 = .08 acres Built 1925

389 W. Muir – Single Family Residential – 618 SF PARCEL ID: 28-25-35-460-011 Single story house with Michigan Basement House needs improvement 2 bedrooms, 1 bath, living room, kitchen Land dimensions 30x117 = .08 acres Built 1925

Vacant Lot next to 389 W. Muir (Former House) PARCEL ID: 28-25-35-460-012 Land dimensions 30x117 = .08 acres


389 W. Muir


407 W. Muir


Vacant Lot on Muir

0.56 total acreage for all 5 parcels combined.Traffic: 60,000 ADTAsking: $407,000


Demographic Source: Applied Geographic Solutions 10/2016, TIGER Geography page 1 of 5©2017, Sites USA, Chandler, Arizona, 480-491-1112

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EXPANDED PROFILE2000-2010 Census, 2016 Estimates with 2021 ProjectionsCalculated using Weighted Block Centroid from Block Groups

Lat/Lon: 42.4474/-83.1085RF5

1 mi radius 3 mi radius 5 mi radius

PopulationEstimated Population (2016) 12,977 138,886 401,736Projected Population (2021) 13,710 143,210 415,061Census Population (2010) 12,620 142,947 413,361Census Population (2000) 17,764 175,335 492,133Projected Annual Growth (2016 to 2021) 733 1.1% 4,324 0.6% 13,325 0.7%

Historical Annual Growth (2010 to 2016) 357 0.5% -4,061 -0.5% -11,625 -0.5%

Historical Annual Growth (2000 to 2010) -5,144 -2.9% -32,387 -1.8% -78,772 -1.6%

Estimated Population Density (2016) 4,132 psm 4,914 psm 5,117 psm

Trade Area Size 3.14 sq mi 28.26 sq mi 78.51 sq mi

HouseholdsEstimated Households (2016) 5,393 58,920 164,783Projected Households (2021) 5,841 62,384 174,948Census Households (2010) 5,114 58,621 163,898Census Households (2000) 6,355 67,444 187,969Estimated Households with Children (2016) 1,567 29.1% 16,206 27.5% 48,253 29.3%

Estimated Average Household Size (2016) 2.40 2.32 2.40

Average Household IncomeEstimated Average Household Income (2016) $42,862 $54,285 $53,620Projected Average Household Income (2021) $47,653 $61,250 $61,188

Estimated Average Family Income (2016) $48,814 $63,105 $62,785

Median Household IncomeEstimated Median Household Income (2016) $34,915 $44,784 $43,635Projected Median Household Income (2021) $38,318 $49,025 $47,824

Estimated Median Family Income (2016) $40,160 $55,692 $54,489

Per Capita IncomeEstimated Per Capita Income (2016) $17,853 $23,218 $22,183Projected Per Capita Income (2021) $20,340 $26,864 $25,974Estimated Per Capita Income 5 Year Growth $2,488 13.9% $3,646 15.7% $3,791 17.1%

Estimated Average Household Net Worth (2016) $228,963 $310,785 $313,795

Daytime Demos (2016)Total Businesses 469 5,143 14,987Total Employees 2,983 44,656 137,080Company Headquarter Businesses - 0.1% 23 0.4% 72 0.5%

Company Headquarter Employees 7 0.2% 2,244 5.0% 8,633 6.3%

Employee Population per Business 6.4 8.7 9.1Residential Population per Business 27.7 27.0 26.8



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Lat/Lon: 42.4474/-83.1085RF5


Race & EthnicityWhite (2016) 7,427 57.2% 64,896 46.7% 173,091 43.1%Black or African American (2016) 4,619 35.6% 65,206 46.9% 196,210 48.8%American Indian or Alaska Native (2016) 66 0.5% 510 0.4% 1,309 0.3%Asian (2016) 231 1.8% 3,351 2.4% 17,880 4.5%Hawaiian or Pacific Islander (2016) 10 0.1% 45 - 86 - Other Race (2016) 57 0.4% 711 0.5% 1,818 0.5%Two or More Races (2016) 567 4.4% 4,166 3.0% 11,342 2.8%

Not Hispanic or Latino Population (2016) 12,590 97.0% 135,468 97.5% 393,092 97.8%Hispanic or Latino Population (2016) 387 3.0% 3,418 2.5% 8,644 2.2%Not Hispanic or Latino Population (2021) 13,187 96.2% 138,698 96.8% 403,593 97.2%Hispanic or Latino Population (2021) 522 3.8% 4,512 3.2% 11,468 2.8%Not Hispanic or Latino Population (2010) 12,321 97.6% 140,287 98.1% 406,789 98.4%Hispanic or Latino Population (2010) 299 2.4% 2,660 1.9% 6,571 1.6%Not Hispanic or Latino Population (2000) 17,487 98.4% 173,095 98.7% 486,715 98.9%Hispanic or Latino Population (2000) 277 1.6% 2,239 1.3% 5,417 1.1%Projected Hispanic Annual Growth (2016 to 2021) 135 7.0% 1,094 6.4% 2,824 6.5%Historic Hispanic Annual Growth (2000 to 2016) 110 2.5% 1,178 3.3% 3,227 3.7%

Age Distribution (2016)Age Under 5 886 6.8% 8,410 6.1% 25,250 6.3%Age 5 to 9 Years 815 6.3% 7,535 5.4% 23,158 5.8%Age 10 to 14 Years 770 5.9% 7,596 5.5% 23,251 5.8%Age 15 to 19 Years 902 7.0% 8,563 6.2% 25,569 6.4%Age 20 to 24 Years 1,016 7.8% 10,287 7.4% 29,340 7.3%Age 25 to 29 Years 1,116 8.6% 11,408 8.2% 31,295 7.8%Age 30 to 34 Years 1,073 8.3% 10,495 7.6% 27,862 6.9%Age 35 to 39 Years 890 6.9% 8,711 6.3% 23,984 6.0%Age 40 to 44 Years 834 6.4% 8,747 6.3% 24,774 6.2%Age 45 to 49 Years 829 6.4% 8,836 6.4% 25,473 6.3%Age 50 to 54 Years 853 6.6% 9,516 6.9% 26,932 6.7%Age 55 to 59 Years 790 6.1% 9,582 6.9% 27,578 6.9%Age 60 to 64 Years 673 5.2% 8,131 5.9% 23,645 5.9%Age 65 to 74 Years 930 7.2% 12,030 8.7% 35,248 8.8%Age 75 to 84 Years 420 3.2% 5,975 4.3% 18,645 4.6%Age 85 Years or Over 180 1.4% 3,063 2.2% 9,732 2.4%Median Age 33.8 37.4 37.5

Gender Age Distribution (2016)Female Population 6,546 50.4% 71,770 51.7% 209,218 52.1%

Age 0 to 19 Years 1,662 25.4% 15,752 21.9% 47,353 22.6%Age 20 to 64 Years 4,034 61.6% 43,450 60.5% 123,439 59.0%Age 65 Years or Over 849 13.0% 12,569 17.5% 38,426 18.4%

Female Median Age 34.1 39.0 39.4

Male Population 6,431 49.6% 67,116 48.3% 192,518 47.9%Age 0 to 19 Years 1,711 26.6% 16,352 24.4% 49,874 25.9%Age 20 to 64 Years 4,040 62.8% 42,265 63.0% 117,445 61.0%Age 65 Years or Over 680 10.6% 8,499 12.7% 25,199 13.1%

Male Median Age 33.4 35.8 35.6



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Lat/Lon: 42.4474/-83.1085RF5


Household Income Distribution (2016)HH Income $200,000 or More 90 1.7% 1,469 2.5% 4,054 2.5%HH Income $150,000 to $199,999 78 1.4% 1,614 2.7% 4,934 3.0%HH Income $100,000 to $149,999 265 4.9% 5,433 9.2% 14,775 9.0%HH Income $75,000 to $99,999 422 7.8% 5,949 10.1% 16,353 9.9%HH Income $50,000 to $74,999 872 16.2% 9,929 16.9% 25,922 15.7%HH Income $35,000 to $49,999 779 14.4% 8,100 13.7% 22,894 13.9%HH Income $25,000 to $34,999 784 14.5% 7,197 12.2% 19,636 11.9%HH Income $15,000 to $24,999 907 16.8% 8,142 13.8% 22,755 13.8%HH Income Under $15,000 1,197 22.2% 11,086 18.8% 33,460 20.3%

HH Income $35,000 or More 2,506 46.5% 32,494 55.1% 88,932 54.0%HH Income $75,000 or More 855 15.9% 14,465 24.6% 40,115 24.3%

Housing (2016)Total Housing Units 6,146 66,309 187,537Housing Units Occupied 5,393 87.7% 58,920 88.9% 164,783 87.9%

Housing Units Owner-Occupied 3,083 57.2% 37,287 63.3% 101,446 61.6%Housing Units, Renter-Occupied 2,311 42.8% 21,633 36.7% 63,337 38.4%

Housing Units, Vacant 753 12.3% 7,389 11.1% 22,754 12.1%

Marital Status (2016)Never Married 4,948 47.1% 49,111 42.6% 136,857 41.5%Currently Married 2,972 28.3% 36,378 31.5% 108,104 32.8%Separated 462 4.4% 5,633 4.9% 17,287 5.2%Widowed 775 7.4% 8,495 7.4% 25,402 7.7%Divorced 1,349 12.8% 15,728 13.6% 42,427 12.9%

Household Type (2016)Population Family 9,915 76.4% 105,376 75.9% 312,996 77.9%Population Non-Family 3,016 23.2% 31,436 22.6% 82,115 20.4%Population Group Quarters 46 0.4% 2,075 1.5% 6,625 1.6%

Family Households 2,970 55.1% 33,074 56.1% 96,209 58.4%Non-Family Households 2,424 44.9% 25,846 43.9% 68,574 41.6%Married Couple with Children 587 19.8% 6,568 18.1% 20,505 19.0%Average Family Household Size 3.3 3.2 3.3

Household Size (2016)1 Person Households 1,961 36.4% 21,282 36.1% 57,843 35.1%2 Person Households 1,498 27.8% 17,498 29.7% 47,451 28.8%3 Person Households 787 14.6% 8,833 15.0% 24,656 15.0%4 Person Households 573 10.6% 5,922 10.1% 17,597 10.7%5 Person Households 304 5.6% 2,990 5.1% 9,177 5.6%6 or More Person Households 270 5.0% 2,394 4.1% 8,060 4.9%

Household Vehicles (2016)Households with 0 Vehicles Available 922 17.1% 8,836 15.0% 25,563 15.5%Households with 1 Vehicles Available 2,410 44.7% 25,142 42.7% 71,363 43.3%Households with 2 or More Vehicles Available 2,062 38.2% 24,942 42.3% 67,857 41.2%

Total Vehicles Available 7,348 83,952 232,433Average Vehicles Per Household 1.4 1.4 1.4



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Lat/Lon: 42.4474/-83.1085RF5


Labor Force (2016)Estimated Labor Population Age 16 Years or Over 10,343 113,788 325,303Estimated Civilian Employed 5,675 54.9% 64,264 56.5% 174,448 53.6%Estimated Civilian Unemployed 445 4.3% 4,219 3.7% 11,480 3.5%Estimated in Armed Forces 64 0.6% 102 0.1% 109 - Estimated Not in Labor Force 4,159 40.2% 45,204 39.7% 139,266 42.8%Unemployment Rate 4.3% 3.7% 3.5%

Occupation (2010)Occupation: Population Age 16 Years or Over 4,758 54,877 151,493Management, Business, Financial Operations 543 11.4% 6,683 12.2% 17,932 11.8%Professional, Related 909 19.1% 11,332 20.7% 30,062 19.8%Service 1,047 22.0% 11,878 21.6% 33,867 22.4%Sales, Office 1,115 23.4% 13,835 25.2% 39,303 25.9%Farming, Fishing, Forestry 5 0.1% 72 0.1% 300 0.2%Construct, Extraction, Maintenance 418 8.8% 3,939 7.2% 9,056 6.0%Production, Transport Material Moving 719 15.1% 7,138 13.0% 20,973 13.8%

White Collar Workers 2,568 54.0% 31,850 58.0% 87,298 57.6%Blue Collar Workers 2,190 46.0% 23,027 42.0% 64,195 42.4%

Consumer Expenditure (2016)Total Household Expenditure $213 M $2.70 B $7.48 B

Total Non-Retail Expenditure $114 M 53.5% $1.45 B 53.8% $4.02 B 53.8%Total Retail Expenditure $98.9 M 46.5% $1.25 B 46.2% $3.45 B 46.2%

Apparel $7.39 M 3.5% $93.7 M 3.5% $260 M 3.5%Contributions $8.16 M 3.8% $110 M 4.1% $304 M 4.1%Education $6.99 M 3.3% $93.8 M 3.5% $262 M 3.5%Entertainment $11.6 M 5.5% $149 M 5.5% $413 M 5.5%Food and Beverages $32.3 M 15.2% $403 M 14.9% $1.12 B 15.0%Furnishings and Equipment $6.83 M 3.2% $89.6 M 3.3% $248 M 3.3%Gifts $4.76 M 2.2% $63.4 M 2.4% $176 M 2.4%Health Care $18.2 M 8.6% $224 M 8.3% $621 M 8.3%Household Operations $5.52 M 2.6% $73.0 M 2.7% $203 M 2.7%Miscellaneous Expenses $3.23 M 1.5% $40.6 M 1.5% $112 M 1.5%Personal Care $2.78 M 1.3% $35.1 M 1.3% $97.4 M 1.3%Personal Insurance $1.42 M 0.7% $18.8 M 0.7% $52.3 M 0.7%Reading $466 K 0.2% $5.96 M 0.2% $16.5 M 0.2%Shelter $44.0 M 20.7% $558 M 20.7% $1.55 B 20.7%Tobacco $1.53 M 0.7% $18.1 M 0.7% $50.0 M 0.7%Transportation $40.4 M 19.0% $511 M 19.0% $1.41 B 18.9%Utilities $17.1 M 8.1% $210 M 7.8% $583 M 7.8%

Educational Attainment (2016)Adult Population Age 25 Years or Over 8,588 96,495 275,169Elementary (Grade Level 0 to 8) 331 3.9% 3,523 3.7% 12,743 4.6%Some High School (Grade Level 9 to 11) 1,271 14.8% 10,063 10.4% 29,527 10.7%High School Graduate 2,706 31.5% 29,191 30.3% 83,296 30.3%Some College 2,145 25.0% 23,795 24.7% 65,972 24.0%Associate Degree Only 680 7.9% 6,772 7.0% 20,369 7.4%Bachelor Degree Only 1,080 12.6% 13,989 14.5% 38,215 13.9%Graduate Degree 376 4.4% 9,162 9.5% 25,048 9.1%



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Lat/Lon: 42.4474/-83.1085RF5


Units In Structure (2010)1 Detached Unit 3,962 77.5% 45,374 77.4% 119,925 73.2%1 Attached Unit 90 1.8% 2,149 3.7% 9,550 5.8%2 to 4 Units 512 10.0% 3,556 6.1% 12,854 7.8%5 to 9 Units 64 1.3% 1,342 2.3% 4,472 2.7%10 to 19 Units 24 0.5% 1,326 2.3% 3,811 2.3%20 to 49 Units 52 1.0% 1,333 2.3% 3,958 2.4%50 or More Units 363 7.1% 2,306 3.9% 7,012 4.3%Mobile Home or Trailer 37 0.7% 1,222 2.1% 2,289 1.4%Other Structure 11 0.2% 12 - 27 -

Homes Built By Year (2010)Homes Built 2005 or later 61 1.2% 989 1.7% 2,783 1.7%Homes Built 2000 to 2004 134 2.6% 1,592 2.7% 4,610 2.8%Homes Built 1990 to 1999 252 4.9% 3,247 5.5% 9,198 5.6%Homes Built 1980 to 1989 285 5.6% 2,771 4.7% 8,099 4.9%Homes Built 1970 to 1979 440 8.6% 5,655 9.6% 14,884 9.1%Homes Built 1960 to 1969 478 9.4% 6,045 10.3% 19,207 11.7%Homes Built 1950 to 1959 1,241 24.3% 13,808 23.6% 39,114 23.9%Homes Built Before 1949 2,222 43.4% 24,515 41.8% 66,002 40.3%

Home Values (2010)Home Values $1,000,000 or More 3 0.1% 112 0.3% 304 0.3%Home Values $500,000 to $999,999 19 0.7% 418 1.1% 1,147 1.1%Home Values $400,000 to $499,999 13 0.5% 332 0.9% 932 0.9%Home Values $300,000 to $399,999 61 2.1% 1,073 2.9% 2,833 2.8%Home Values $200,000 to $299,999 129 4.5% 3,060 8.2% 8,671 8.5%Home Values $150,000 to $199,999 220 7.6% 4,825 12.9% 14,622 14.4%Home Values $100,000 to $149,999 698 24.1% 8,122 21.8% 22,103 21.7%Home Values $70,000 to $99,999 656 22.7% 8,093 21.7% 20,674 20.3%Home Values $50,000 to $69,999 482 16.7% 4,418 11.8% 12,616 12.4%Home Values $25,000 to $49,999 341 11.8% 4,107 11.0% 10,948 10.8%Home Values Under $25,000 270 9.3% 2,748 7.4% 6,811 6.7%Owner-Occupied Median Home Value $89,153 $106,915 $109,956Renter-Occupied Median Rent $597 $617 $597

Transportation To Work (2010)Drive to Work Alone 3,651 80.9% 43,010 80.9% 118,609 80.6%Drive to Work in Carpool 466 10.3% 4,821 9.1% 13,189 9.0%Travel to Work by Public Transportation 214 4.7% 2,124 4.0% 6,380 4.3%Drive to Work on Motorcycle 1 - 53 0.1% 129 0.1%Walk or Bicycle to Work 66 1.5% 1,162 2.2% 3,145 2.1%Other Means 17 0.4% 366 0.7% 1,135 0.8%Work at Home 98 2.2% 1,597 3.0% 4,584 3.1%

Travel Time (2010)Travel to Work in 14 Minutes or Less 1,201 27.2% 10,458 20.3% 30,214 21.2%Travel to Work in 15 to 29 Minutes 1,889 42.8% 23,949 46.5% 65,169 45.7%Travel to Work in 30 to 59 Minutes 1,180 26.7% 14,579 28.3% 40,414 28.3%Travel to Work in 60 Minutes or More 146 3.3% 2,551 4.9% 6,790 4.8%Average Minutes Travel to Work 21.1 22.3 22.4

for sale - locations...5 parcels on w. 8 mile rd. hazel park, mi property details two parcels on w....

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