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    7 Mile Rd, Unit 16402-16430 Detroit, MI

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    For Sale
    $850,000

    Commercial building with liquor store and car wash.

    Property size:
    8,096 SF
    Lot size:
    0.12 Acres

    Property Features for 7 Mile Rd

    General Information

    Size
    8,096 SF
    Lot size
    0.12 Acres

    Source: Signature Associates Agent Joe Stack

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Detroit Commercial Property For Sale

    This commercial property in Detroit, Michigan, encompasses 8,096 square feet and includes a liquor store and a car wash. The property is suitable for retail and automotive purposes, including storefront and individual retail properties. It is located on W 7 Mile Rd, specifically at addresses 16402-16430.
    Location Intelligence

    Current Use by Public Records

    Storefront properties

    Similar Places Nearby

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    Map

    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.0602998
    Latitude
    42.348495

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    FAQs

    What type of property is this?
    Storefront property - Commercial building with liquor store and car wash.
    Where is this storefront property located?
    The property is located at 7 Mile Rd, Unit 16402-16430 Detroit, MI.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: - Liquor store included; - Commercial building; - Car wash included
    (248) 359-0615
    Request Owner's contact information
    7 Mile Rd, Unit 16402-16430 Detroit, MI
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    7 Mile Rd, Unit 16402-16430 Detroit, MI
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