Retail Space on 7
18240 W 7 Mile Road w seven mile, Detroit, MI 48219
For Sale
$99,000
Over 1,600 sq ft retail space on 7 Mile.
Property Size1,659 SF
Lot Size0.06 Acres
Price / SF$61.88
Days on Market245
Property Features for 18240 W 7 Mile Road w seven mile
General Information
Standard status
Size
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Site & Location
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Taxes and HOA fees
Annual Taxes
Building Details
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Year Built
Listing Agency:
EXP Realty Main
Listed By:
John Goci · License MI #6501389885
(734) 637-1430
Source:
Elliman
Added: Mar 11
Changed: Aug 8
Last Checked: Aug 25 at 9:41AM
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 EXP Realty Main
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Investment Insights
Based on property information with market context.
This commercial building offers over 1,600 sq. ft. of retail space and is located on 7 Mile Rd, west of Southfield Freeway. The property is centrally located with access to major roads and high traffic exposure. Currently, the property is occupied by a nail salon tenant paying $1,000 per month, with one year remaining on the lease. The tenant is flexible and willing to stay or vacate. This property is suitable for a business headquarters, retail center, or income-producing investment.
Key Highlights
- High‑visibility location on 7 Mile Rd, offering excellent traffic exposure for any business.
- Over 1,600 sq. ft. of retail space, providing ample room for various business ventures.
- Flexible tenant situation: current tenant willing to stay (instant income) or vacate (owner‑occupancy).
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
373
Businesses Nearby
14k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Valero Energy
Shops & Services
5,304 visits/mo
0.4 miles
Citgo
Shops & Services
4,495 visits/mo
0.4 miles
Sunoco
Shops & Services
4,332 visits/mo
0.4 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
$84,500
Median Home Value
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Market
Average Price Trend$/SF for Retail space in Detroit, MI
Properties on Market for Retail space in Detroit
Vacancy Rate% for Retail in Detroit, MI
Frequently Asked Questions
What type of property is this?
Retail space - Over 1,600 sq ft retail space on 7 Mile.
Where is this retail space located?
The property is located at 18240 W 7 Mile Road w seven mile Detroit, MI.
What is the asking price?
The asking price for this property is $99,000.
What are key features of this property?
This property features: High‑visibility location on 7 Mile Rd, offering excellent traffic exposure for any business.; Over 1,600 sq. ft. of retail space, providing ample room for various business ventures.; Flexible tenant situation: current tenant willing to stay (instant income) or vacate (owner‑occupancy).
