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    23675 Seven Mile Rd Detroit, MI 48219

    Sponsored
    For Lease
    $16 SF/Yr ($10,077 /Mo)

    Prime Retail, Multiple Units Available

    Lot size:
    7,276 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    The Shops of West Seven offers exceptional retail leasing opportunities in a vibrant location. This multi-tenant property boasts a total of 7,276 square feet, with two spaces currently available for lease. Each space offers flexibility, with a minimum divisible size of 891 square feet and a maximum contiguous size of 1,011 square feet. A significant portion of the building is currently vacant, totaling 2,913 square feet, presenting a unique chance for businesses seeking immediate occupancy. The property's classification as both retail and restaurant-suitable suggests diverse potential uses, catering to a wide range of businesses. The available spaces are ideal for entrepreneurs looking to establish a presence in a thriving commercial area or for existing businesses seeking expansion opportunities. The flexible space sizes allow for customization to meet individual business needs. This is a prime opportunity to secure a well-located retail space in a dynamic market. Interested parties are encouraged to inquire for further details and leasing terms. The property is ready for immediate occupancy, offering a seamless transition for new tenants. The building's design and layout are conducive to a variety of retail concepts. Don't miss this chance to secure your ideal retail space at the Shops of West Seven.

    Property Features for 23675 Seven Mile Rd

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    7,276 SF
    Total Rate
    10077.26

    Unit(s) available at that property

    Space
    Space 23699
    Size
    1,011 SF
    Rate per SF
    $16
    Space
    Space 23675
    Size
    891 SF
    Rate per SF
    $18

    HighLights

    • 7,276 SF retail building with multiple tenancies.
    • Two available retail spaces ranging from 891 to 1,011 square feet.
    • 2,913 square feet of vacant space currently available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.2741841
    Latitude
    42.4287332

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    FAQs

    What type of property is this?
    Restaurant - Prime Retail, Multiple Units Available
    Where is this restaurant located?
    The property is located at 23675 Seven Mile Rd Detroit, MI.
    What is the lease rate?
    The lease rate is $16-$18 SF/Yr.
    What are key features of this property?
    This property features: 7,276 SF retail building with multiple tenancies.; Two available retail spaces ranging from 891 to 1,011 square feet.; 2,913 square feet of vacant space currently available.
    Request Owner's contact information
    23675 Seven Mile Rd Detroit, MI 48219
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    Detroit, MI 48219
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    23675 Seven Mile Rd Detroit, MI 48219
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