Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    26346 Seven Mile Rd Redford, MI 48240

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Versatile 1,750 SF retail building on a 0.24-acre lot.

    Property size:
    1,750 SF
    Lot size:
    0.24 Acres

    Property Features for 26346 Seven Mile Rd

    General Information

    Standard status
    Active
    Zoning
    M-1-A
    Size
    1,750 SF
    Lot size
    0.24 Acres

    Building Details

    Year built
    1947

    We can help!

    Listing Contact
    Brock Bean
    Source: Crexi

    Listing Agency: TDG Commercial Listing Agent: Brock Bean

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Redford Retail Opportunity on 7 Mile

    This 1,750 SF building, formerly a garden center, is located in Redford on the 7 Mile corridor. Situated on a corner lot, the property offers frontage and accessibility for customers. The location is near Telegraph Road (US-24) and the I-96 interchange, providing access to residential neighborhoods in Redford and Metro Detroit. The 0.24-acre lot and zoning allow for various uses, including boutique retail, professional services, or a specialty nursery/garden center.
    Location Intelligence

    Current Use by Public Records

    Nursery and garden centers

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    seededindetroit

    Location Insight

    • Map
    • Local Demand
    City
    Redford
    County
    Wayne
    State
    Michigan
    Longitude
    -83.3013
    Latitude
    42.4239

    Nearby Similar for Sale

    • New
      $850,000
      4,920 SF

      Redford Automotive Business and Real Estate

      Turnkey automotive business and real estate opportunity in Redford.
      12317 Woodbine St, Redford, MI 48239
      View Details
    • $300,000
      2,800 SF

      Established Business and Real Estate

      Well-established business and real estate for sale in Redford.
      26114 W 6 Mile Rd, Redford, MI 48240
      View Details
    • $239,900
      2,400 SF

      Redford Commercial Building For Sale

      High-visibility commercial building suitable for retail, office, or restaurant use.
      25845 Plymouth Rd, Redford, MI 48239
      View Details
    • $450,000
      1,599 SF

      Redford Restaurant Business and Property

      Well-established restaurant with real estate for sale in Redford, MI.
      27281 Grand River Ave, Redford, MI 48240
      View Details
    • $699,000
      2,100 SF

      Turn-Key Liquor Store Opportunity

      Liquor store on a busy street with unreal potential.
      15300 Telegraph Rd, Redford, MI 48239
      View Details
    • $239,900
      1,900 SF

      Redford Commercial Building For Sale

      Commercial building in excellent condition, suitable for multiple uses.
      22300 W Warren Ave, Redford, MI 48239
      View Details
    • $1,200,000
      11,026 SF

      Redford Commercial Building For Sale

      Freestanding 8-unit commercial building in Redford, MI. Leased.
      26193 W 6 Mile Rd Rd, Redford, MI 48240
      View Details
    • $450,000

      Established Restaurant on Grand River

      Well-established restaurant with high visibility on Grand River Avenue.
      27281 Grand River Ave, Redford, MI 48240
      View Details
    • $699,000

      Turn-Key Liquor Store Opportunity

      Liquor store on a busy street with high potential.
      15300 Telegraph Rd, Redford, MI 48239
      View Details
    • $239,900
      1,900 SF

      Detroit Commercial Building For Sale

      Multi-use commercial building in thriving area, suitable for various businesses.
      22300 W Warren Ave, Redford, MI 48239
      View Details
    • $895,000

      Redford Township Church and Daycare

      Church with daycare, classrooms, kitchen, dining hall, and parking.
      25350 W 6 Mile Rd, Redford, MI 48240
      View Details
    • $409,000
      4,830 SF

      Industrial Building on High-Traffic Road

      4,830 SF light industrial/warehouse building with high visibility.
      25916 W 7 Mile Rd, Redford, MI 48240
      View Details

    FAQs

    What type of property is this?
    Nursery and garden center - Versatile 1,750 SF retail building on a 0.24-acre lot.
    Where is this nursery and garden center located?
    The property is located at 26346 Seven Mile Rd Redford, MI.
    What are key features of this property?
    This property features: - Strategic corner lot location on 7 Mile corridor with significant frontage; - High visibility and accessibility for customers; - Versatile retail asset suitable for various uses
    Request Owner's contact information
    26346 Seven Mile Rd Redford, MI 48240
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    26346 Seven Mile Rd
    Redford, MI 48240
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    26346 Seven Mile Rd Redford, MI 48240
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Brock Bean
    Real Estate License ID: 462328
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!