Renovated Retail
For Sale
$1,500,000
5153 E 7 Mile Road, Detroit, MI 48234
Retail property along E. 7 Mile Road with a recently completed renovation and surrounding residential and commercial development.
Property Size3,387 SF
Price / SF$442.87
Days on Market9
Property Features for 5153 E 7 Mile Road
General Information
Standard status
Active
Size
3,387 SF
Property subtype
Industrial
Financials
Asking Price
$1,500,000
Business Included
Yes
Amenities
38110
Building Details
Year Built
19
Listing Agency:
Community Choice Realty Inc
(248) 225-5994
Listed By:
Jonathan Farida · License #MI6501432091
(248) 225-5994
Source:
Xome
Added: Aug 8
Changed: Aug 16
Last Checked: Aug 16 at 4:15AM
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 Community Choice Realty Inc
Investment Insights
Based on property information with market context.
This retail space is located at 5153 E 7 Mile Road in Detroit, Michigan. The property underwent a complete renovation earlier this year and has operated as an established business. Its setting includes a mix of residential and commercial development, with access along E. 7 Mile Road.
Food service or expanded product offerings are identified as potential future uses subject to applicable approvals. Additional business details and financial information require proof of funds before release.
Food service or expanded product offerings are identified as potential future uses subject to applicable approvals. Additional business details and financial information require proof of funds before release.
Key Highlights
- Complete renovation completed earlier this year
- Located at 5153 E 7 Mile Road, Detroit, MI 48234
- Established business serving a mixed residential and commercial area
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
313
Businesses Nearby
10k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 65%
Dining 35%
Citgo
Shops & Services
6,701 visits/mo
0.2 miles
Krispy Krunchy Chicken
Dining
3,612 visits/mo
0.2 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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Retail property along E. 7 Mile Road with a recently completed renovation and surrounding residential and commercial development.
Where is this retail space located?
The property is located at 5153 E 7 Mile Road Detroit, MI.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Complete renovation completed earlier this year; Located at 5153 E 7 Mile Road, Detroit, MI 48234; Established business serving a mixed residential and commercial area
