Retail Buildings with Income
15000-15040 W Seven Mile Rd Detroit, MI 48235
15000-15040 W Seven Mile Rd, Detroit, MI, 48235
$549,000
For Sale
$549,000
Two retail buildings offer an owner-user option plus an income stream from a leased Metro PCS location.
Property Size9,086 SF
Price / SF$60.42
Days on Market50
Property Features for 15000-15040 W Seven Mile Rd
General Information
- Standard status
- Active
- Size
- 9,086 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1994
Listing agency
Thomas A. Duke Company
(248) 476-8876
Listed by
Frank Rakipi
Source
Thomasduke
Added: Jun 2 Updated: Jul 10 at 1:47PM Checked: Jul 21 at 5:14AM
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 Thomas A. Duke Company
Investment Insights
Based on property information with market context.
This offering features two separate retail buildings on one site, presenting a practical user opportunity alongside current rental income. The larger building totals 7,886 SF and was most recently operated as a Family Dollar, creating flexibility for an owner-operator or tenant seeking a retail storefront configuration. A second building totals 1,200 SF and is leased to Metro PCS, providing established, ongoing site income.
The Metro PCS lease reflects long-term operating presence, with 15 years of operating history at the site. The tenant currently has three years remaining on the lease term, supported by stated rent of $2,700 per month. This mix of a formerly occupied retail anchor-style space and a remaining-term, income-producing lease supports multiple acquisition strategies.
For buyers, this can serve as a straightforward income property with in-place occupancy through the Metro PCS lease, while also allowing an owner to plan future use for the larger former retail building. For retailers and service users, the combination of two distinct storefront options can reduce constraints by offering a pathway to occupy one space while maintaining rental support from the other. Overall, it’s a compact retail setup designed for investors and owner-users seeking both flexibility and near-term income stability.
The Metro PCS lease reflects long-term operating presence, with 15 years of operating history at the site. The tenant currently has three years remaining on the lease term, supported by stated rent of $2,700 per month. This mix of a formerly occupied retail anchor-style space and a remaining-term, income-producing lease supports multiple acquisition strategies.
For buyers, this can serve as a straightforward income property with in-place occupancy through the Metro PCS lease, while also allowing an owner to plan future use for the larger former retail building. For retailers and service users, the combination of two distinct storefront options can reduce constraints by offering a pathway to occupy one space while maintaining rental support from the other. Overall, it’s a compact retail setup designed for investors and owner-users seeking both flexibility and near-term income stability.
Key Highlights
- Two retail buildings totaling 7,886 SF
- Former Family Dollar building: 1,200 SF (per provided details)
- Second building is leased to Metro PCS
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Storefront property - Two retail buildings offer an owner-user option plus an income stream from a leased Metro PCS location.
Where is this storefront property located?
The property is located at 15000-15040 W Seven Mile Rd Detroit, MI.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: Two retail buildings totaling 7,886 SF; Former Family Dollar building: 1,200 SF (per provided details); Second building is leased to Metro PCS