Former Restaurant and Retail
15921 W Seven Mile Road Detroit, MI 48235
New
15921 W Seven Mile Road, Detroit, MI, 48235
$375,000
For Sale
$375,000
COMMERCIAL - Detroit, MI
Property Size3,000 SF
Lot Size0.09 Acres
Price / SF$125
Days on Market2
Property Features for 15921 W Seven Mile Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Retail
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bathroom 2
- Standard status
- Active
- APN
- 22016212-3
- Size
- 3,000 SF
- Lot size
- 0.09 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- S SEVEN MILE RD W 358&357 COLLEGE DRIVE SUB L48 P34 PLATs;.w C R. 22/431 40 X 100
- Tax Annual Amount
- 6943
Utilities
- Utilities
- Phone Available
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1958
- Number of units
- 2
Listing Agency
Keller Williams Professionals
(734) 459-4700
789 W Ann Arbor Tr, Plymouth, MI
Listed by
Eve Boykins
(248) 252-0670
Added: Jul 18 Checked: Jul 19 at 7:06 pm
MLS# 26037039
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This commercial property was formerly used as both a restaurant and a barber shop, giving it an adaptable footprint for a new owner-operator or redevelopment plan. The site is listed as approximately 3,000 square feet on a 0.09-acre lot.
The property is located at 15921 W Seven Mile Road in Detroit, Michigan (48235) within Wayne County.
As offered, the space is positioned as a conversion-ready commercial option with prior food and personal services use.
The property is located at 15921 W Seven Mile Road in Detroit, Michigan (48235) within Wayne County.
As offered, the space is positioned as a conversion-ready commercial option with prior food and personal services use.
Key Highlights
- Commercial property formerly used as a restaurant and barber shop
- Heating: forced air
- Cooling: central air
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $42.5k | $14.16 |
| − Vacancy | −$3.1k | −$1.02 |
| EGI | $39.4k | $13.14 |
| − OpEx | −$9.9k | −$3.29 |
| NOI | $29.6k | $9.86 |
3,000 SF · lease $14.16/SF/yr · vacancy 7.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$422.4K
$369.6K – $492.8K
NOI $29,566 @ 7.0% cap · market cap 7.88%
Second Best
Retail
$378.8K
$331.5K – $442.0K
NOI $26,517 @ 7.0% cap · market cap 7.07%
Theoretical Best
Multifamily LT 5
$425.2K
$372.1K – $496.1K
NOI $29,767 @ 7.0% cap · market cap 7.94%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Conventional restaurants
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Versatile commercial property previously used as a restaurant and barber shop, offering flexible retail/operational use.
Where is this conventional restaurant located?
The property is located at 15921 W Seven Mile Road Detroit, MI.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Commercial property formerly used as a restaurant and barber shop; Heating: forced air; Cooling: central air
