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    18603 Mile Detroit, MI 48221

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    For Sale
    $80,000

    Vacant commercial building in high-traffic location with versatile potential.

    Lot size:
    0.10 Acres

    Property Features for 18603 Mile

    General Information

    Lot size
    0.10 Acres

    Building Details

    Year built
    1948

    Source: C Miles Realty LLC Agent Adrianne Turnbow

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

    Overview

    Vacant Commercial Building on Wyoming

    This vacant commercial building presents an opportunity in a high-traffic location. The property is located in the 7 Mile and Wyoming neighborhood. The building's location offers visibility and benefits from local traffic. The property has the potential to be used for a variety of business purposes, including a restaurant, event space, lounge, convenience store, cleaners, or other retail or service ventures. The property features a second address, providing the potential to convert the building into two separate commercial spaces.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.1482
    Latitude
    42.4267

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    FAQs

    What type of property is this?
    Retail space - Vacant commercial building in high-traffic location with versatile potential.
    Where is this retail space located?
    The property is located at 18603 Mile Detroit, MI.
    What is the asking price?
    The asking price for this property is $80,000.
    What are key features of this property?
    This property features: - Prime, high-traffic location at 7 Mile and Wyoming.; - Potential to convert into two separate commercial spaces.; - Suitable for a variety of business uses (restaurant, retail, service, etc.).
    (313) 647-7036
    Request Owner's contact information
    18603 Mile Detroit, MI 48221
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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
    18603 Mile Detroit, MI 48221
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