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    16124 W 7 Mile Rd Detroit, MI 48235

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    For Sale
    $100,000

    Ready-to-go retail space with equipment, versatile for various businesses.

    Lot size:
    0.04 Acres

    Property Features for 16124 W 7 Mile Rd

    General Information

    Lot size
    0.04 Acres

    Building Details

    Year built
    1959

    Source: Max Broock, REALTORS-Royal Oak Agent Justin Bercheny

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

    Overview

    Turnkey Retail Space on Seven Mile

    This retail space is located on West Seven Mile Road, east of Southfield Freeway. Currently set up as a barber shop, the property is being sold with all equipment included. Virtual renderings demonstrate the versatility of the space, which is suitable for various business ventures such as hair, nails, coffee, or events. The sale includes ownership of the described space only, not the entire strip of buildings. The building features a gated outdoor area that can be used for parking or as an extension of the indoor space. The property is presented as a ready-to-go space for entrepreneurship.
    Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

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

    Similar Places Nearby

    Floral Gardens Florist

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.206845
    Latitude
    42.430541

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    FAQs

    What type of property is this?
    Storefront property - Ready-to-go retail space with equipment, versatile for various businesses.
    Where is this storefront property located?
    The property is located at 16124 W 7 Mile Rd Detroit, MI.
    What is the asking price?
    The asking price for this property is $100,000.
    What are key features of this property?
    This property features: - Ready-to-go space with existing barber shop equipment included.; - Versatile space suitable for various business types (hair, nails, coffee, events).; - Located on Seven Mile, just East of Southfield Fwy.
    (313) 544-3199
    Request Owner's contact information
    16124 W 7 Mile Rd Detroit, MI 48235
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    Detroit, MI 48235
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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
    16124 W 7 Mile Rd Detroit, MI 48235
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