Advertise
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Versatile 3160 Sq. Ft. Property Title is generated by Realmo AI

    521 E 7 MILE Road, Highland Park, MI 48203

    View on Map
    Claim this Listing
    For Sale
    $275,000

    3160 Sq. Ft. property suitable for light industrial work.

    Type:Commercial/Industrial
    Property size:
    3,160 SF
    Lot size:
    0.09 Acres
    Price / SF:
    $87/SF
    Added:
    Mar 12, 2026
    Days on Market:
    117
    Last Refresh:
    Apr 5 at 9:13 pm

    Property Features for 521 E 7 MILE Road

    General Information

    Standard status
    Active
    Size
    3,160 SF
    Lot size
    0.09 Acres
    Property subtype
    Commercial/Industrial

    Building Details

    Year Built
    1954

    We can help!

    Contact an agent
    Herbert J Hill Jr

    Listing office Herbert J Hill Realty Real Estate Master

    Listing date Mar 12, 2026

    Source Exitrealty

    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 Herbert J Hill Realty Real Estate Master

    HighLights

    • Large 3100 sq. ft. property
    • Suitable for light industrial work
    • Plenty of power available
    • Secure property
    • Mechanicals operational
    • Built in 1954

    Overview

    This 3160 square foot property offers endless possibilities. It is suitable for light industrial work, with plenty of power available. The property is secure and the mechanicals are operational.

    Local Financial Insights For Flex RnD

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $31.9k $10.08
    − Vacancy −$1.2k −$0.37
    EGI $30.7k $9.71
    − OpEx −$10.7k −$3.40
    NOI $19.9k $6.31
    3,160 SF · lease $10.08/SF/yr · vacancy 3.70% · expense 35.00%

    Alternative Uses

    Best Use
    Flex RnD
    $284.8K
    $249.2K – $332.3K (±1% cap)
    NOI $19,938 @ 7.0% cap · market cap 7.25%
    Second Best
    Industrial
    $233.7K
    $204.5K – $272.7K (±1% cap)
    NOI $16,360 @ 7.0% cap · market cap 5.95%
    Theoretical Best
    Specialty Retail
    $585.1K
    $511.9K – $682.6K (±1% cap)
    NOI $40,954 @ 7.0% cap · market cap 14.89%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Real Estate Agency Dental Office Spa & Massage Center Hair Salon Nail Salon Skin Care Clinic Kitchen & Bath Showroom Accounting Firm Pharmacy Cafe & Coffee Shop

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

    Similar Places Nearby

    • Grill Kings Catering CO. — 166 Eason Ave, Highland Park, MI 48203
    • 75 South BBQ — 1141 Seven Mile E, Detroit, MI 48203
    • Guerilla Food — 17740 Woodward Ave, Detroit, MI 48203

    Location Insight

    • Map
    • Local Demand
    City
    Highland Park
    County
    Wayne
    State
    Michigan
    Longitude
    -83.1022
    Latitude
    42.4222

    Nearby Similar for Sale

    • $119,119
      4,000 SF

      Highland Park Landmark For Sale

      Historic Highland Park building with redevelopment potential.
      11801 Hamilton Avenue, Highland Park, MI 48203
      View Details
    • $180,000
      2,510 SF

      Brick Duplex with Two Units

      Brick duplex offering two separate residential units on a small lot, well-suited for income-focused ownership.
      72 Pilgrim Street, Highland Park, MI 48203
      View Details
    • $800,000
      6,655 SF

      Commercial Plaza in Highland Park

      Well-maintained commercial plaza with high visibility and easy access.
      16600 HAMILTON Avenue, Highland Park, MI 48203
      View Details
    • $595,000
      12,000 SF

      Highland Park Commercial Property

      12,000 square foot commercial building in Highland Park, MI.
      300 E 8 MILE Road, Highland Park, MI 48203
      View Details
    • $1,800,000
      16,289 SF

      Highland Park Industrial Property For Sale

      16,269 SF industrial property on 1.1 acres in Highland Park.
      14050 OAKLAND Street, Highland Park, MI 48203
      View Details
    • $4,250,000
      6,000 SF

      Renovated Mixed-Use Venue with Redevelopment Potential

      Five-story renovated building with mixed-use venue and redevelopment potential.
      11745 Woodward Ave, Highland Park, MI 48203
      View Details
    • $85,900
      1,734 SF

      Retail Space Near Boston Edison

      Retail space across from Highland Park Police Department.
      13230 Hamilton Avenue, Highland Park, MI 48203
      View Details
    • $1,490,000
      18,000 SF

      Highland Park Flex/Warehouse Building

      Versatile 18,000+ SF building with offices, warehouse, and storage.
      40 Victor St, Highland Park, MI 48203
      View Details
    • $649,999

      Licensed Auto Shop on Woodward

      High-visibility auto shop and used car lot for sale.
      16504 Woodward Ave, Highland Park, MI 48203
      View Details
    • $40,000
      3,840 SF

      Four-Unit Residential Income Property

      Four-unit quadplex with a full basement and identical layouts, offering straightforward income potential for investors.
      247 Midland Street, Highland Park, MI 48203
      View Details
    • $9,150,000
      41,433 SF

      Occupied Retail Center on Woodward

      41,433 Sq. Ft. retail center anchored by national tenants.
      15151-15111 Woodward Ave, Highland Park, MI
      View Details
    • $55,000
      1,680 SF

      Two-Family Bungalow

      Two-unit residential property suited for rental income or multi-generational occupancy, with updates noted by seller.
      18862 Cardoni Street, Highland Park, MI 48203
      View Details

    FAQs

    What type of property is this?
    Flex space - 3160 Sq. Ft. property suitable for light industrial work.
    Where is this flex space located?
    The property is located at 521 E 7 MILE Road Highland Park, MI.
    What is the asking price?
    The asking price for this property is $275,000.
    What are key features of this property?
    This property features: Large 3100 sq. ft. property; Suitable for light industrial work; Plenty of power available
    (313) 341-2656
    We can help!
    Contact an agent
    Herbert J Hill Jr
    Real Estate License ID: 6504381646
    Learn More
    Request Owner's contact information
    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.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error
    More about this property
    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

    Thank You for Inquiry
    521 E 7 MILE Road, Detroit City, MI 48203
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!