14204 W Seven Mile Rd, Detroit, MI 48235

Building Details

Building Size 4,625 SF More

Year Built 1984 More

Stories 1 More

Listing Agency: Signature Associates - Southfield

Listed By: Marvin Petrous · License MI #6501386692 Show Phone

Source: Cpix.resimplifi

Added: Mar 19 Changed: Nov 10 Last Checked: Nov 10 at 5:15AM

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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 Signature Associates - Southfield

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Investment Insights

Based on property information with market context.

This freestanding, former quick-service restaurant with a drive-thru is available for sale or lease. It is located along the heavily traveled West 7 Mile corridor, just off the M-10 (Lodge Freeway). This property presents a turnkey restaurant opportunity, making it ideal for both owner-users and investors. The site offers flexibility for renovation, rebranding, or redevelopment. It is well-suited for a variety of restaurants, quick-service restaurants, coffee shops, beverage retailers, or service retail users. The property size is 4625 square feet.

Key Highlights

• Freestanding building with drive‑thru
• Located on heavily traveled W 7 Mile corridor
• Close proximity to M‑10 (Lodge Freeway)

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$45,581

Suggested Prices Based on Cap Rates

Cap Rate 5%

$911,620 $911.6K

Cap Rate 7%

$651,157 $651.2K

Cap Rate 9%

$506,456 $506.5K

What to ask about pricing

Market Conditions

NOI Build-Up for 4,625 SF

Gross rent

$65.5K $14.16/SF

− Vacancy

−$4.7K −$1.02/SF

EGI

$60.8K $13.14/SF

− OpEx

−$15.2K −$3.29/SF

NOI

$45.6K $9.86/SF

Area

ZIP 48235

Vacancy

7.20%

Lease Rate

$14.16 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$911,620

Cap Rate 7%

$651,157

Cap Rate 9%

$506,456

Alternative Uses

Best Use

Specialty Retail

$651.2K

$569.8K – $759.7K (±1% cap)

NOI $45,581 @ 7.0% cap

Second Best

—

—

no second resolved use

Theoretical Best

Multifamily LT 5

$655.6K

$573.7K – $764.9K (±1% cap)

NOI $45,892 @ 7.0% cap

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Drive through restaurants

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage Skin Care Clinic Food Market Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

713

Businesses Nearby

37k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 50% Shops & Services 47% Electronics 4%

Wendy's Dining

18,328 visits/mo 0.5 miles

BP Shops & Services

11,900 visits/mo 0.4 miles

AutoZone Shops & Services

5,282 visits/mo 0.4 miles

Metro by T-Mobile Electronics

669 visits/mo 0.4 miles

Metro by T-Mobile Electronics

628 visits/mo 0.4 miles

Demographics for 48235, MI

45,188

Population

20,946

Households

2.2

Avg Household Size

39

Median Age

15%

College-Educated

91%

High-School Grad

6.2 sq mi

ZIP Area

7,288

Density / Sq Mi

$41,011

Median Household Income

$31,545

Median Earnings

$1,151

Median Rent

$79,400

Median Home Value

Market

Average Price Trend$/SF for Drive through restaurants in Wayne County, MI

$343 Jul

$431 Aug

$468 Sep

$465 Oct

Properties on Market for Drive through restaurants in Wayne County

Jul

Aug

Sep

Oct

Vacancy Rate% for Retail in Detroit, MI

7.5% 2019

9.2% 2020

8.5% 2021

7.3% 2022

7.9% 2023

7% 2024

7% 2025

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Frequently Asked Questions

What type of property is this?

Drive through restaurant - Former QSR on heavily traveled corridor, ideal for restaurants.

Where is this drive through restaurant located?

The property is located at 14204 W Seven Mile Rd Detroit, MI.

What are key features of this property?

This property features: Freestanding building with drive‑thru; Located on heavily traveled W 7 Mile corridor; Close proximity to M‑10 (Lodge Freeway)