20771 W 8 Mile Rd - Bar FOR SALE


Detroit, MI 48219- Evergreen
$2,900,000 USD
248-702-0288
20771 W 8 Mile Rd, Detroit, MI for Sale
$2,900,000 USD
Bar - FOR SALE
1/9
null | Request Cap Rate

20771 W 8 Mile Rd
Detroit, MI 48219
Evergreen


HIGHLIGHTS

  • Rare offering with all components packaged for a seamless transition or redevelopment
  • Two parcels totaling 0.91 acres with an 8,736 SF building and expansive on-site parking, perfect for entertainment, nightlife, or hospitality uses
  • Exceptional exposure along W. Eight Mile Road with over 63,500 vehicles per day
  • Positioned in a revitalizing corridor with strong potential for transformation
  • More than 117,200 residents within 3 miles and over 327,500 within 5 miles, offering a dense customer base

OVERVIEW

This former adult entertainment venue on Detroit’s Eight Mile Road offers a rare, turnkey opportunity with both a Liquor License and a Cabaret License included in the sale. The space is ideal for a nightclub, upscale private event space, banquet hall, or private party venue. With the licenses and infrastructure in place, a new owner can quickly rebrand and capitalize on Detroit’s vibrant nightlife scene. The property also includes two lots with ample parking and approximately 575 feet of frontage. The two-story, nearly 9,000 square foot building is fully built out with premium improvements including a state-of-the-art sound and lighting system, hidden in-wall bar coolers, kitchen equipment, seating, tables, and bar stools. The seller did not complete a full renovation after acquiring the property in 2020, however they invested roughly $400,000 in interior upgrades, enhancing the bars, booths, and installing all new TVs.

FOR SALE DETAILS

PRICE

$2,900,000 USD

PRICE/SF

$332 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Former Entertainment Club

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bar

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

B4

APN/PARCEL ID

22-01-902-40-06L

ASK ABOUT THIS PROPERTY

Deno BistolaridesEncore Real Estate Investment ServicesMore Info
248-702-0288

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Deno BistolaridesEncore Real Estate Investment ServicesMore Info
248-702-0288

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.