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    18216 W 7 Mile Rd Detroit, MI 48219

    For Sale
    $79,900

    Fully operational restaurant with high visibility and income potential.

    Lot size:
    0.04 Acres

    Property Features for 18216 W 7 Mile Rd

    General Information

    Lot size
    0.04 Acres

    Building Details

    Year built
    1957

    Source: Johnson Realty Group, LLC Agent Marc P Johnson

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

    Overview

    Operating Restaurant on High-Traffic Corridor

    The property at 18216 W 7 Mile Rd, Detroit, MI, presents an opportunity to own a fully operational restaurant situated on a high-traffic commercial corridor. The location offers high visibility and immediate income potential. The property is strategically located minutes from major thoroughfares and is surrounded by residential neighborhoods, retail centers, and schools. This location benefits from outstanding exposure and a steady stream of local traffic. Ample parking and easy accessibility are available for takeout customers. The current tenant has two years remaining on their lease, making this an investment opportunity.
    Location Intelligence

    Current Use by Public Records

    Restaurants

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Eves’ Slappin Plates, A Good Bite, Classic Kreative Gourmetering

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.220982
    Latitude
    42.430251

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    FAQs

    What type of property is this?
    Restaurant - Fully operational restaurant with high visibility and income potential.
    Where is this restaurant located?
    The property is located at 18216 W 7 Mile Rd Detroit, MI.
    What is the asking price?
    The asking price for this property is $79,900.
    What are key features of this property?
    This property features: - High-visibility location on a high-traffic commercial corridor.; - Fully operational restaurant with immediate income potential.; - Existing tenant with two years remaining on the lease.
    (313) 874-0400
    Request Owner's contact information
    18216 W 7 Mile Rd Detroit, MI 48219
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    Detroit, MI 48219
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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
    18216 W 7 Mile Rd Detroit, MI 48219
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