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    1541 E 7 Mile Rd E Detroit, MI 48203

    For Sale
    $175,000

    Clean, open space suitable for retail, office, or daycare.

    Lot size:
    0.11 Acres

    Property Features for 1541 E 7 Mile Rd E

    General Information

    Lot size
    0.11 Acres

    Building Details

    Year built
    1954

    Source: Leboursia Realty Group Agent Quinnon L Martin III

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

    Overview

    Versatile Commercial Building with Fenced Yard

    This solid, clean, open-space commercial building features a newer roof. The property is suitable for various uses, including event space, daycare, office, retail, church, or restaurant. The interior layout includes an office, kitchen, and two bathrooms. New vinyl flooring has been installed. The property also features an enclosed, fenced backyard suitable for parking or outside entertainment. This building presents a great opportunity.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.08803
    Latitude
    42.432941

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    FAQs

    What type of property is this?
    Retail space - Clean, open space suitable for retail, office, or daycare.
    Where is this retail space located?
    The property is located at 1541 E 7 Mile Rd E Detroit, MI.
    What is the asking price?
    The asking price for this property is $175,000.
    What are key features of this property?
    This property features: - Versatile commercial building suitable for various uses (event space, day care, office, retail, church, or restaurant); - Move-in ready condition with existing office, kitchen, and 2 bathrooms; - Newer roof
    (313) 861-2626
    Request Owner's contact information
    1541 E 7 Mile Rd E Detroit, MI 48203
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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
    1541 E 7 Mile Rd E Detroit, MI 48203
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