Retail Space on 7
For Sale
$99,000
18240 W 7 Mile Road w seven mile, Detroit, MI 48219
Over 1,600 sq ft retail space on 7 Mile.
Property Size1,659 SF
Lot Size0.06 Acres
Price / SF$61.88
Days on Market152
Property Features for 18240 W 7 Mile Road w seven mile
General Information
Standard status
Active
Size
1,659 SF
Lot size
0.06 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$2,228
Building Details
Building Size
1,659 SF
Year Built
1957
Listing Agency:
eXp Realty
(734) 637-1430
Listed By:
John Goci · License #6501389885
(734) 637-1430
Source:
Elliman
Added: Mar 11
Changed: Aug 8
Last Checked: Aug 8 at 6:23AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of eXp Realty
Investment Insights
Based on property information with market context.
This commercial building offers over 1,600 sq. ft. of retail space and is located on 7 Mile Rd, west of Southfield Freeway. The property is centrally located with access to major roads and high traffic exposure. Currently, the property is occupied by a nail salon tenant paying $1,000 per month, with one year remaining on the lease. The tenant is flexible and willing to stay or vacate. This property is suitable for a business headquarters, retail center, or income-producing investment.
Key Highlights
- High‑visibility location on 7 Mile Rd, offering excellent traffic exposure for any business.
- Over 1,600 sq. ft. of retail space, providing ample room for various business ventures.
- Flexible tenant situation: current tenant willing to stay (instant income) or vacate (owner‑occupancy).
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
373
Businesses Nearby
14k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Valero Energy
Shops & Services
5,304 visits/mo
0.4 miles
Citgo
Shops & Services
4,495 visits/mo
0.4 miles
Sunoco
Shops & Services
4,332 visits/mo
0.4 miles
Demographics for 48219, MI
46,811
Population
20,815
Households
2.2
Avg Household Size
37
Median Age
13%
College-Educated
87%
High-School Grad
8.4 sq mi
ZIP Area
5,573
Density / Sq Mi
$43,882
Median Household Income
$31,187
Median Earnings
$1,037
Median Rent
$84,500
Median Home Value
Market
Vacancy Rate% for Retail in Detroit, MI
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Over 1,600 sq ft retail space on 7 Mile.
Where is this retail space located?
The property is located at 18240 W 7 Mile Road w seven mile Detroit, MI.
What is the asking price?
The asking price for this property is $99,000.
What are key features of this property?
This property features: High‑visibility location on 7 Mile Rd, offering excellent traffic exposure for any business.; Over 1,600 sq. ft. of retail space, providing ample room for various business ventures.; Flexible tenant situation: current tenant willing to stay (instant income) or vacate (owner‑occupancy).
