Mixed-Use Redevelopment
For Sale
$450,000
7122-7142 W Seven Mile, Detroit, MI 48234
B4-zoned property with potential for retail storefronts and residential units.
Property Size8,671 SF
Price / SF$51.90
Days on Market154
Property Features for 7122-7142 W Seven Mile
General Information
Standard status
Active
Size
8,671 SF
Property subtype
Multifamily
Zoning
B4
Building Details
Building Size
8,671 SF
Listing Agency:
Encore Real Estate Investment Services
(248) 702-0299
Listed By:
Kishon Harbert · License #6502375353
Source:
Cpix.resimplifi
Added: Mar 30
Changed: Aug 30
Last Checked: Aug 30 at 4:43AM
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 Encore Real Estate Investment Services
Investment Insights
Based on property information with market context.
Located at 7122-7142 W Seven Mile in Detroit, this mixed-use property is positioned for a redevelopment concept combining commercial storefronts with residential housing. The proposed configuration allows for three retail units and four residential units, subject to applicable approvals. The reported property size is 8,671.
The site is in the Livernois and Seven Mile area, near University District, Bagley, and Sherwood Forest. The surrounding district includes restaurants, specialty businesses, and community-oriented commercial activity, with access to nearby universities and transportation routes. Streetscape work has added wider sidewalks, improved lighting, landscaping, and pedestrian-focused design. The property carries B4 zoning.
The site is in the Livernois and Seven Mile area, near University District, Bagley, and Sherwood Forest. The surrounding district includes restaurants, specialty businesses, and community-oriented commercial activity, with access to nearby universities and transportation routes. Streetscape work has added wider sidewalks, improved lighting, landscaping, and pedestrian-focused design. The property carries B4 zoning.
Key Highlights
- Potential configuration for 3 retail units and 4 residential units
- B4 zoning supports a mixed‑use redevelopment concept
- Reported property size of 8,671
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
475
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
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - B4-zoned property with potential for retail storefronts and residential units.
Where is this mixed-use property located?
The property is located at 7122-7142 W Seven Mile Detroit, MI.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Potential configuration for 3 retail units and 4 residential units; B4 zoning supports a mixed‑use redevelopment concept; Reported property size of 8,671
