26750 Eight Mile Road

Southfield, MI 48033

Listing ID: 197512
$575,000
For Sale
  • Property Type Retail : Food Service
  • Lot Size Acres 0.940
  • Building Sq Ft 4,960
  • Building Price per Sq Ft $115.93
  • Land Sq Ft 40,946
  • Land Price per Sq Ft $14.04
Description

Description

Well-established banquet hall facility along the 8 Mile corridor between Telegraph Rd and Grand River Ave. Great opportunity for businesses that host and caters special occasions including weddings, parties, bridal/baby showers, business functions, and religious gatherings. Could also be a good location for a full-service restaurant.

Highlights

Full commercial kitchen w/ walk-in refridgerator

Seating for up to 200 people

Ideal, central location with plenty of parking

Separate liquor license available

Adjacent 1 acre vacant lot available for $225,000

Listing Demographics

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

1-Mile 3-Miles 5-Miles
Total Population11,58089,865245,159
Population Median Age394040
Population by Age0-9 Yrs1491 (12%)10486 (11%)27297 (11%)
10-19 Yrs1065 (9%)10559 (11%)28530 (11%)
20-29 Yrs1726 (14%)11920 (13%)33356 (13%)
30-39 Yrs1369 (11%)10849 (12%)28876 (11%)
40-49 Yrs1995 (17%)12713 (14%)32183 (13%)
50-59 Yrs1740 (15%)13357 (14%)35778 (14%)
60-69 Yrs1543 (13%)11353 (12%)31945 (13%)
70+ Yrs651 (5%)8627 (9%)27193 (11%)
Median HH Income$43,384$49,957$53,488
Total Household Income< 24K1031 (21%)9060 (24%)23763 (23%)
25-49K1738 (35%)9243 (25%)24090 (23%)
50-74K978 (20%)7011 (19%)18519 (18%)
75-99K561 (11%)4275 (11%)12213 (12%)
100-199K501 (10%)6071 (16%)18844 (18%)
200K+51 (1%)923 (2%)3799 (3%)
Highest Education LevelNo Diploma1033658516228
Diploma or GED27781762342385
Some College22691725645597
Assoc. Degree929618415689
Bachelors Degree9361021032154
Higher Degree475561921890
Total Housing Units5,26140,329113,121
--Owner-Occupied2,83122,73961,450
--Renter-Occupied2,02913,84539,778
Owner-Occupied Values< 100K19831100225125
100-199K690801320182
200-299K107281310855
300-399K146503521
400-499K895829
500K+30166937
Total Working Age Population9,44873,243200,970
In Work Force6,34145,950125,883
Not In Work Force3,10727,29375,087
Workforce Employed5,91541,848114,462
Workforce Unemployed4274,08311,397
Civlian Workforce6,34145,931125,859
Military Workforce01924
Total Households4,86136,584101,229
Family Households2,99721,50060,193
Non-Family Households1,86415,08441,036
Married Couple1,79013,42737,669
Other Family1,2078,07322,524
Married w/Child6824,85012,952
Single Male w/Child477341,912
Single Female w/Child4003,1398,642

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
Michigan9,938,444-19,883,640+110,023,423+410,424,510
Wayne County2,061,162-121,820,584-41,741,463-11,730,000
Oakland County1,194,156+11,202,362+51,264,515+71,350,052

No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

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Listing Agent
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