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Retail Space
New
For Lease
$79,000

7604 E 7 Mile Rd, Detroit, MI 48234

A former dollar store space includes availability for lottery, ATM, and cigarette licenses.

Space SizeContact for details
Days on Market5

Property Features for 7604 E 7 Mile Rd

General Information

Standard status Active

Building Details

Year Built 1954
Listing Agency: Brookstone, Realtors LLC
Listed By: Tariq Herish · License #MISPE-6501293554
Source: Metrodetroithomeguide
Added: Oct 18 Changed: Oct 21 Last Checked: Oct 21 at 2:32AM

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 Brookstone, Realtors LLC

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Investment Insights

Based on property information with market context.

The retail space contains 5,400 square feet and was built in 1954. The property is at 7604 E 7 Mile Rd in Detroit, Michigan. Lottery, ATM, and cigarette licenses are available.

Key Highlights

  • 5,400 square feet of retail space
  • Built in 1954
  • Lottery, ATM, and cigarette licenses available

Property Analytics

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Current Use

Retail space

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Kitchen & Bath Showroom Skin Care Clinic HVAC Service

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

Lease Details

NNN (Triple Net)
Lease Type

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Lease Benchmarks for Detroit, MI

$17.99 /SF/Yr
Avg Asking Price
$5.35–$100 /SF/Yr
Price Range
13,108 SF
Avg Space Size

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

Frequently Asked Questions

What type of property is this?
Retail space - A former dollar store space includes availability for lottery, ATM, and cigarette licenses.
Where is this retail space located?
The property is located at 7604 E 7 Mile Rd Detroit, MI.
What is the lease rate?
The lease rate is $79,000.
What are key features of this property?
This property features: 5,400 square feet of retail space; Built in 1954; Lottery, ATM, and cigarette licenses available
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