Retail Building on Major
For Sale
Contact for pricing
18240 W 7 Mile Road w seven mile, Detroit, MI 48219
Freestanding retail building with versatile open space and a current nail salon tenant under a remaining one-year lease.
Property Size1,659 SF
Price / SF$59.67
Days on Market290
Property Features for 18240 W 7 Mile Road w seven mile
General Information
Standard status
Active
Size
1,659 SF
Property subtype
Mixed Use, Office, Retail
Additional Details
Highway Access
Yes
Building Details
Year Built
1957
Tenancy
Single
Listing Agency:
Elwood.Biz
Listed By:
John Goci · License #389885
Source:
Crexi
Added: Oct 22, 2025
Changed: Jul 10
Last Checked: Aug 6 at 11:21AM
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 Elwood.Biz
Investment Insights
Based on property information with market context.
This retail building offers approximately 1,659 square feet of open, versatile interior space, suited to a range of storefront concepts. The property is currently occupied by a nail salon tenant paying $1,000 per month, with one year remaining on the lease. The tenant is described as flexible and willing to stay or vacate, giving an owner-use option or the ability to position the space for new occupancy.
Located on West 7 Mile Road just west of the Southfield Freeway, the property benefits from straightforward access to major routes. The business frontage on 7 Mile Road is positioned for driver visibility, supporting retail and service uses that rely on convenient roadway access.
For tenants, this configuration can support a variety of retail or service layouts due to its largely open footprint. For buyers, the current occupancy provides near-term income while the remaining lease term allows time to plan for re-tenanting or to transition the space to a new use. With direct access to surrounding arterial connections, the property is well suited for operators looking for a practical, adaptable retail storefront.
Located on West 7 Mile Road just west of the Southfield Freeway, the property benefits from straightforward access to major routes. The business frontage on 7 Mile Road is positioned for driver visibility, supporting retail and service uses that rely on convenient roadway access.
For tenants, this configuration can support a variety of retail or service layouts due to its largely open footprint. For buyers, the current occupancy provides near-term income while the remaining lease term allows time to plan for re-tenanting or to transition the space to a new use. With direct access to surrounding arterial connections, the property is well suited for operators looking for a practical, adaptable retail storefront.
Key Highlights
- Freestanding retail building built in 1957 with 1,600+ sq. ft. of open, versatile space
- Currently occupied by a nail salon tenant paying $1,000/month with one year remaining on the lease
- High‑visibility location on 7 Mile Rd, just west of Southfield Freeway
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
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
Market
Vacancy Rate% for Retail in Detroit, MI
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Frequently Asked Questions
What type of property is this?
Retail space - Freestanding retail building with versatile open space and a current nail salon tenant under a remaining one-year lease.
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: Freestanding retail building built in 1957 with 1,600+ sq. ft. of open, versatile space; Currently occupied by a nail salon tenant paying $1,000/month with one year remaining on the lease; High‑visibility location on 7 Mile Rd, just west of Southfield Freeway
