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Versatile Commercial Space For Sale
For Sale
$200,000

5117 E 7 Mile Rd, Detroit, MI 48234

Adaptable space suitable for retail, office, or service businesses.

Property SizeContact for details
Lot Size0.10 Acres
Days on Market166

Property Features for 5117 E 7 Mile Rd

General Information

Standard status Active
Lot size 0.10 Acres
Property subtype Commercial

Taxes and HOA fees

Annual Taxes $3,803

Building Details

Year Built 1950
Listing Agency: Pilot Property Group - Residential LLC
Listed By: Alexander Termini · License #6501392648
Source: Elliman
Added: Mar 10 Changed: Aug 10 Last Checked: Aug 22 at 11:28AM

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 Pilot Property Group - Residential LLC

Investment Insights

Based on property information with market context.

This commercial property offers a versatile layout suitable for retail, office, service, or specialty use. The building features a brand-new façade, providing a professional and modern look with excellent frontage designed to capture attention. New plumbing, HVAC, and electrical service have been installed, reducing future maintenance costs and ensuring reliable operations.

Key Highlights

  • Versatile layout suitable for retail, office, service, or specialty use.
  • Brand‑new façade delivers a professional, modern look with excellent frontage.**
  • New plumbing, HVAC, and electrical service.

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Pharmacy Gym & Fitness Center Spa & Massage Center

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

Location Intelligence

Trade Area within ½ mile

330
Businesses Nearby
10k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 65% Dining 35%
Citgo Shops & Services
6,701 visits/mo 0.4 miles
Krispy Krunchy Chicken Dining
3,612 visits/mo 0.4 miles

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

Vacancy Rate% for Retail in Detroit, MI

7.5% 2019
9.2% 2020
8.5% 2021
7.3% 2022
7.9% 2023
7% 2024
7% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Adaptable space suitable for retail, office, or service businesses.
Where is this retail space located?
The property is located at 5117 E 7 Mile Rd Detroit, MI.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Versatile layout suitable for retail, office, service, or specialty use.; Brand‑new façade delivers a professional, modern look with excellent frontage.**; New plumbing, HVAC, and electrical service.
More about this property
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