Corner Drug Store
For Sale
$250,000
11538 E 7 Mile Road, Detroit, MI 48234
Renovated retail property with newer AC units and steel wall upgrades.
Property Size2,960 SF
Price / SF$84.46
Days on Market13
Property Features for 11538 E 7 Mile Road
General Information
Standard status
Active
Size
2,960 SF
Property subtype
Industrial
Additional Details
Corner Location
Yes
Amenities
3
Building Details
Year Built
19
Year Renovated
2020
Listing Agency:
M77 LLC
(248) 417-9617
Listed By:
Keller Williams Somerset · License #6502374648
(248) 417-9617
Source:
Xome
Added: Aug 18
Changed: Aug 29
Last Checked: Aug 29 at 6:15AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of M77 LLC
Investment Insights
Based on property information with market context.
This drug store and retail property at 11538 E 7 Mile Road in Detroit occupies a corner setting and is currently operating as a pharmacy and retail store. The building was originally developed for use as a gas station, offering a configuration that may support continued retail occupancy or a different commercial concept.
Property improvements include a 2020 renovation with two newer AC units and steel wall upgrades. A metal roof was installed in 2015, and the property has a Certificate of Compliance in place. The corner location provides direct street presence along E 7 Mile Road, with the existing building and retail-oriented layout suited to an owner-user or investor evaluating continued commercial use.
Property improvements include a 2020 renovation with two newer AC units and steel wall upgrades. A metal roof was installed in 2015, and the property has a Certificate of Compliance in place. The corner location provides direct street presence along E 7 Mile Road, with the existing building and retail-oriented layout suited to an owner-user or investor evaluating continued commercial use.
Key Highlights
- Corner property at 11538 E 7 Mile Road, Detroit, MI 48234
- Currently operating as a pharmacy and retail store
- Renovated in 2020 with steel wall upgrades
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
330
Businesses Nearby
10k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 65%
Dining 35%
Citgo
Shops & Services
6,701 visits/mo
0.4 miles
Krispy Krunchy Chicken
Dining
3,612 visits/mo
0.4 miles
Demographics for 48234, MI
31,442
Population
15,688
Households
2
Avg Household Size
36
Median Age
11%
College-Educated
84%
High-School Grad
7.8 sq mi
ZIP Area
4,031
Density / Sq Mi
$36,473
Median Household Income
$31,587
Median Earnings
$965
Median Rent
$57,100
Median Home Value
Market
Vacancy Rate% for Retail in Detroit, MI
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Similar Off Market Nearby
- 7 Van Drugs — 7701 Seven Mile E, Detroit, MI 48234
Frequently Asked Questions
What type of property is this?
Drug store - Renovated retail property with newer AC units and steel wall upgrades.
Where is this drug store located?
The property is located at 11538 E 7 Mile Road Detroit, MI.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Corner property at 11538 E 7 Mile Road, Detroit, MI 48234; Currently operating as a pharmacy and retail store; Renovated in 2020 with steel wall upgrades
