Bank Anchored Investment
13403 W Seven Mile Rd, Detroit, MI 48235
Call to check price and availability
Multi-tenant property with Bank of America and pharmacy tenants.
Type:Office, Retail
Property size:
6,200 SFPrice / SF:
$217/SF- Added:
- Feb 3, 2026
- Days on Market:
- 98
- Last Refresh:
- Mar 17 at 1:14 pm
Property Features for 13403 W Seven Mile Rd
General Information
- Standard status
- Active
- Size
- 6,200 SF
- Property subtype
- Office, Retail
Building Details
- Year Built
- 1950
Listing agent Nick Jaafar License #6501403947
Listing office KW Commercial Dearborn (313) 706-7011
Listing date Feb 3, 2026
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of KW Commercial Dearborn
HighLights
- Anchored by Bank of America with a recently renewed lease and 10+ year occupancy history.
- Strong in‑place income of $96,000 annually from established tenants.
- Additional income stream of approximately $36,000 annually from on‑site ATM.
- Pharmacy tenant generating approximately $60,000 in annual rent with escalations.
- Opportunity for increased income with a vacant, fully built‑out ~4,000 SF clinic space.
- Suitable for investment or owner‑user, with the vacant clinic space ideal for an owner‑operated clinic.
Overview
This commercial property presents an investment or owner-user opportunity with multiple income streams. Anchored by Bank of America, which has occupied the location for over 10 years and recently renewed its lease for another 60 months, the property has approximately 65 months remaining on the lease, plus renewal options. An on-site ATM generates approximately $36,000 annually. A pharmacy tenant, in place for nearly 12 years, is secured under a 72-month lease plus options and produces approximately $60,000 in annual rent, with 6% escalations after the current term. The property also features a fully built-out approximately 4,000 square foot clinic space that is currently vacant. This suite represents approximately $72,000 per year in potential income, bringing total projected income to $168,000 annually, while current in-place income totals $96,000 annually. The property size is 6,200 square feet. The vacant clinic space creates an opportunity for an owner-user looking to operate a clinic or for an investor to lease the space.
Location Intelligence
Current Use by Public Records
Banks
Location Insight
- Map
- Local Demand
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Longitude
- -83.1948
- Latitude
- 42.4267
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FAQs
What type of property is this?
Bank - Multi-tenant property with Bank of America and pharmacy tenants.
Where is this bank located?
The property is located at 13403 W Seven Mile Rd Detroit, MI.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Anchored by Bank of America with a recently renewed lease and 10+ year occupancy history.; Strong in‑place income of $96,000 annually from established tenants.; Additional income stream of approximately $36,000 annually from on‑site ATM.
