Operating Restaurant on High-Traffic
For Sale
$79,900
18216 W 7 MILE Rd, Detroit, MI 48219
Restaurant for sale in Detroit with immediate income potential.
Property Size1,380 SF
Lot Size0.04 Acres
Days on Market154
Property Features for 18216 W 7 MILE Rd
General Information
Standard status
Active
Size
1,380 SF
Lot size
0.04 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$3,750
Building Details
Building Size
1,380 SF
Year Built
1957
Listing Agency:
Johnson Realty Group, LLC
(313) 874-0400
Listed By:
Marc P Johnson · License #6502359310
(313) 874-0400
Source:
Elliman
Added: Mar 11
Changed: Aug 8
Last Checked: Aug 8 at 6:25AM
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 Johnson Realty Group, LLC
Investment Insights
Based on property information with market context.
This property at 18216 W 7 Mile Rd, Detroit, MI 48219, presents an opportunity to own a fully operational restaurant in a high-visibility commercial corridor. The site is strategically located minutes from major thoroughfares and is surrounded by residential neighborhoods, retail centers, and schools. It benefits from outstanding exposure and a steady stream of local traffic. Ample parking and easy accessibility are available for takeout customers. The current tenant has two years remaining on their lease, making this an excellent opportunity for an investor. Seller financing is available.
Key Highlights
- Fully operational restaurant with immediate income potential
- High‑visibility location on a major commercial corridor
- Existing tenant with two years remaining on the lease
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
380
Businesses Nearby
29k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 77%
Apparel 11%
Electronics 7%
Dining 5%
Family Dollar
Shops & Services
5,745 visits/mo
0.4 miles
Valero Energy
Shops & Services
5,304 visits/mo
0.1 miles
Citgo
Shops & Services
4,495 visits/mo
0.2 miles
Sunoco
Shops & Services
4,332 visits/mo
0.2 miles
Foot Locker
Apparel
3,220 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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Similar Off Market Nearby
- A Good Bite — 21666 Thatcher, Detroit, MI 48219, United States
- Classic Kreative Gourmetering — 19723 Plainview Ave, Detroit, MI 48219
Frequently Asked Questions
What type of property is this?
Restaurant - Restaurant for sale in Detroit with immediate income potential.
Where is this restaurant located?
The property is located at 18216 W 7 MILE Rd Detroit, MI.
What is the asking price?
The asking price for this property is $79,900.
What are key features of this property?
This property features: Fully operational restaurant with immediate income potential; High‑visibility location on a major commercial corridor; Existing tenant with two years remaining on the lease
