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    16041 W 7 Mile Rd Detroit, MI 48235

    For Sale
    $525,000

    High-traffic location, exceptionally maintained building, ideal for automotive or retail.

    Lot size:
    0.23 Acres

    Property Features for 16041 W 7 Mile Rd

    General Information

    Lot size
    0.23 Acres

    Building Details

    Year built
    1955

    Source: Leboursia Realty Group Agent Michael J Petty

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

    Overview

    Prime Automotive Retail Opportunity

    This well-maintained building is situated in a prime location with high traffic volume on a major street. Currently operating as an automotive detailing business, the property offers potential for various business ideas. The building features a large customer waiting room, a private office, and bathrooms. It also includes a laundry room, furnace room, glass-block windows, and heavy-duty rolling commercial doors. The property has solid plumbing and electrical systems throughout, both interior and exterior, and provides ample storage space and large work areas. This location is suited for a 1031-Exchange purchase.
    Location Intelligence

    Current Use by Public Records

    Auto shops

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Similar Places Nearby

    the oil change field, 414autorepair, Bronson Tire & Auto Center, J & F Auto Clinic, Schafer McNichols Towing

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -82.95502
    Latitude
    42.435917

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    FAQs

    What type of property is this?
    Auto shop - High-traffic location, exceptionally maintained building, ideal for automotive or retail.
    Where is this auto shop located?
    The property is located at 16041 W 7 Mile Rd Detroit, MI.
    What is the asking price?
    The asking price for this property is $525,000.
    What are key features of this property?
    This property features: - Prime location with high traffic volume on a major street.; - Exceptionally maintained building requiring no capital improvements.; - Currently operating as a top-of-the-line automotive detailing business, offering immediate business potential.
    (248) 974-9473
    Request Owner's contact information
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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
    16041 W 7 Mile Rd Detroit, MI 48235
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