Retail Buildings with Income
For Sale
$549,000
15000-15040 W Seven Mile Rd, Detroit, MI 48235
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 Market96
Property Features for 15000-15040 W Seven Mile Rd
General Information
Standard status
Active
Size
9,086 SF
Property subtype
Retail
Building Details
Building Size
9,086 SF
Year Built
1994
Listing Agency:
Thomas A. Duke Company
Listed By:
Frank Rakipi
(248) 476-8876
Source:
Thomasduke
Added: Jun 2
Changed: Sep 4
Last Checked: Sep 5 at 4:57AM
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
Current Use
Location Intelligence
Trade Area within ½ mile
713
Businesses Nearby
37k
Monthly Visits Nearby
Under-served
Demand for This Use
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
Vacancy Rate% for Retail in Detroit, MI
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Frequently Asked Questions
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
