5000 E Seven Mile, Detroit, MI 48234

Listing Agency: Encore Real Estate Investment Services

Listed By: Deno Bistolarides · License MI BRKP.2020008390 Show Phone

Source: Crexi

Added: Oct 30 Changed: Nov 8 Last Checked: Nov 8 at 3:41PM

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Investment Insights

Based on property information with market context.

This specialty property fronts East 7 Mile Road near Keystone Street East in Detroit. Its setting along a commercial corridor places it among retail and service businesses, as well as residential uses. The property address is 5000 E Seven Mile, Detroit, MI 48234.

East 7 Mile Road carries approximately 13,172 vehicles per day near Keystone Street East. Ryan Road and Mound Road are also nearby, connecting the corridor with other parts of Detroit and the surrounding metropolitan area.

Key Highlights

• Frontage along East 7 Mile Road near Keystone Street East
• Approximately 13,172 vehicles travel East 7 Mile Road daily near Keystone Street East
• Near Ryan Road and Mound Road

Property Analytics

Current Use

Cranbrook Geriatric Village Nursing Home

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Spa & Massage Center Hair Salon Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

13,172 VPD

Traffic count

Location Intelligence

Trade Area within ½ mile

294

Businesses Nearby

Explore this area Business Placement

Demographics for 48234, MI

31,442

Population

15,688

Households

2

Avg Household Size

36

Median Age

11%

College-Educated

84%

High-School Grad

7.8 sq mi

ZIP Area

4,031

Density / Sq Mi

$36,473

Median Household Income

$31,587

Median Earnings

$965

Median Rent

$57,100

Median Home Value

Market

Average Price Trend$/SF for Specialty properties in Detroit, MI

$65.91 Jul

$55.96 Aug

$60.26 Sep

$62.4 Oct

Properties on Market for Specialty properties in Detroit

Jul

Aug

Sep

Oct

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Frequently Asked Questions

What type of property is this?

Specialty property - The site fronts a commercial road corridor serving nearby residential neighborhoods and local businesses.

Where is this specialty property located?

The property is located at 5000 E Seven Mile Detroit, MI.

What is the asking price?

The asking price for this property is $695,000.

What are key features of this property?

This property features: Frontage along East 7 Mile Road near Keystone Street East; Approximately 13,172 vehicles travel East 7 Mile Road daily near Keystone Street East; Near Ryan Road and Mound Road