Tenant-Occupied
18216 W 7 Mile, Detroit, MI 48219
For Sale
$79,900
An existing restaurant operation is leased to a current tenant.
Property SizeContact for details
Days on Market583
Property Features for 18216 W 7 Mile
General Information
Standard status
Property subtype
Zoning
Site & Location
Neighborhood
Tenancy & Operations
Currently Operating
Tenant in Place
Listing Agency:
Johnson Realty Group, LLC
(313) 874-0400
Listed By:
Marc Johnson · License MI #6502359310
(313) 330-2333
Source:
Jabachler
Added: Apr 11, 2025
Changed: Nov 11
Last Checked: Nov 13 at 10:15PM
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 Johnson Realty Group, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property at 18216 W 7 Mile in Detroit is an operating restaurant with a tenant in place. The tenant has two years remaining on the lease, and the property is zoned Commercial.
The site is on W 7 Mile and is described as being near residential areas, retail centers, and schools. Ample parking is available for customers.
The site is on W 7 Mile and is described as being near residential areas, retail centers, and schools. Ample parking is available for customers.
Key Highlights
- Operating restaurant with a tenant in place
- Two years remaining on the tenant’s lease
- Commercial zoning
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
320
Businesses Nearby
29k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 71%
Dining 24%
Electronics 5%
Marathon Petroleum
Shops & Services
8,759 visits/mo
0.1 miles
Church's Chicken
Dining
6,907 visits/mo
0.0 miles
BP
Shops & Services
6,515 visits/mo
0.3 miles
Dollar General
Shops & Services
3,779 visits/mo
0.4 miles
Mobil
Shops & Services
1,671 visits/mo
0.1 miles
Demographics for 48219, MI
46,811
Population
20,815
Households
2.2
Avg Household Size
37
Median Age
13%
College-Educated
87%
High-School Grad
8.4 sq mi
ZIP Area
5,573
Density / Sq Mi
$43,882
Median Household Income
$31,187
Median Earnings
$1,037
Median Rent
$84,500
Median Home Value
Market
Average Price Trend$/SF for Conventional restaurants in Detroit, MI
Properties on Market for Conventional restaurants in Detroit
Vacancy Rate% for Retail in Detroit, MI
Frequently Asked Questions
What type of property is this?
Conventional restaurant - An existing restaurant operation is leased to a current tenant.
Where is this conventional restaurant located?
The property is located at 18216 W 7 Mile Detroit, MI.
What is the asking price?
The asking price for this property is $79,900.
What are key features of this property?
This property features: Operating restaurant with a tenant in place; Two years remaining on the tenant’s lease; Commercial zoning
