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

26750 Eight Mile Road Southfield, MI 48033 - main image

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 Population		11,580	89,865	245,159
Population Median Age		39	40	40
Population by Age	0-9 Yrs	1491 (12%)	10486 (11%)	27297 (11%)
	10-19 Yrs	1065 (9%)	10559 (11%)	28530 (11%)
	20-29 Yrs	1726 (14%)	11920 (13%)	33356 (13%)
	30-39 Yrs	1369 (11%)	10849 (12%)	28876 (11%)
	40-49 Yrs	1995 (17%)	12713 (14%)	32183 (13%)
	50-59 Yrs	1740 (15%)	13357 (14%)	35778 (14%)
	60-69 Yrs	1543 (13%)	11353 (12%)	31945 (13%)
	70+ Yrs	651 (5%)	8627 (9%)	27193 (11%)

Median HH Income		$43,384	$49,957	$53,488
Total Household Income	< 24K	1031 (21%)	9060 (24%)	23763 (23%)
	25-49K	1738 (35%)	9243 (25%)	24090 (23%)
	50-74K	978 (20%)	7011 (19%)	18519 (18%)
	75-99K	561 (11%)	4275 (11%)	12213 (12%)
	100-199K	501 (10%)	6071 (16%)	18844 (18%)
	200K+	51 (1%)	923 (2%)	3799 (3%)

Highest Education Level	No Diploma	1033	6585	16228
	Diploma or GED	2778	17623	42385
	Some College	2269	17256	45597
	Assoc. Degree	929	6184	15689
	Bachelors Degree	936	10210	32154
	Higher Degree	475	5619	21890

Total Housing Units		5,261	40,329	113,121
--Owner-Occupied		2,831	22,739	61,450
--Renter-Occupied		2,029	13,845	39,778
Owner-Occupied Values	< 100K	1983	11002	25125
	100-199K	690	8013	20182
	200-299K	107	2813	10855
	300-399K	14	650	3521
	400-499K	8	95	829
	500K+	30	166	937

Total Working Age Population		9,448	73,243	200,970
In Work Force		6,341	45,950	125,883
Not In Work Force		3,107	27,293	75,087
Workforce Employed		5,915	41,848	114,462
Workforce Unemployed		427	4,083	11,397
Civlian Workforce		6,341	45,931	125,859
Military Workforce		0	19	24

Total Households		4,861	36,584	101,229
Family Households		2,997	21,500	60,193
Non-Family Households		1,864	15,084	41,036
Married Couple		1,790	13,427	37,669
Other Family		1,207	8,073	22,524
Married w/Child		682	4,850	12,952
Single Male w/Child		47	734	1,912
Single Female w/Child		400	3,139	8,642

Population Change Last Two Decades - Plus Projection

	2000	%	2010	%	2020	%	2030
Michigan	9,938,444	-1	9,883,640	+1	10,023,423	+4	10,424,510
Wayne County	2,061,162	-12	1,820,584	-4	1,741,463	-1	1,730,000
Oakland County	1,194,156	+1	1,202,362	+5	1,264,515	+7	1,350,052

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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.