13403 W Seven Mile Rd Detroit, MI 48235

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.