Freestanding Restaurant
For Sale
$149,000
7514 E 7 Mile Rd, Detroit, MI 48234
Freestanding restaurant building with open-concept layout, bar, kitchen, and seating, plus an adjacent west parking lot.
Property Size4,110 SF
Price / SF$36.25
Days on Market758
Property Features for 7514 E 7 Mile Rd
General Information
Standard status
Active
Size
4,110 SF
Property subtype
Retail
Zoning
B4
Site & Location
Neighborhood
Grant
Building Details
Building Size
4,110 SF
Year Built
1950
Buildings
1
Stories
1
Listing Agency:
Insite Commercial
Listed By:
Zak Shepler
(248) 359-9000
Source:
Cpix.resimplifi
Added: Sep 26, 2024
Changed: Oct 10
Last Checked: Oct 23 at 3:37AM
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 Insite Commercial
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Investment Insights
Based on property information with market context.
Freestanding building for sale featuring an open concept design with a bar, kitchen, and abundant seating. The property is well suited for restaurant use and also lends itself to event space given its interior layout.
The building is located on E Seven Mile Rd, just west of Van Dyke, in Detroit, MI. The favorable B4: General Business zoning supports a variety of uses.
The sale includes the adjacent parking lot to the west of the building, providing convenient on-site parking for visitors and patrons.
The building is located on E Seven Mile Rd, just west of Van Dyke, in Detroit, MI. The favorable B4: General Business zoning supports a variety of uses.
The sale includes the adjacent parking lot to the west of the building, providing convenient on-site parking for visitors and patrons.
Key Highlights
- Freestanding building for sale on E Seven Mile Rd in Detroit, MI (just west of Van Dyke)
- Open‑concept interior with a bar, kitchen, and abundant seating
- Year built: 1950
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
330
Businesses Nearby
10k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Detroit, MI
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Freestanding restaurant building with open-concept layout, bar, kitchen, and seating, plus an adjacent west parking lot.
Where is this conventional restaurant located?
The property is located at 7514 E 7 Mile Rd Detroit, MI.
What is the asking price?
The asking price for this property is $149,000.
What are key features of this property?
This property features: Freestanding building for sale on E Seven Mile Rd in Detroit, MI (just west of Van Dyke); Open‑concept interior with a bar, kitchen, and abundant seating; Year built: 1950
