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    15929 Seven Mile Rd Detroit, MI 48235

    For Sale
    $97,500

    Turnkey Office, College Park, MI

    Property size:
    1,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This 1,500 square foot executive office building presents a fantastic owner-user opportunity in Detroit's College Park area. Originally constructed in 1955 and extensively renovated in 2006, this property is move-in ready. The building features a complete build-out, including paneled walls, tile floors, four private offices, a reception area, a breakroom, and two bathrooms. Two dedicated parking spaces are included, adding significant convenience. The B4 zoning allows for versatile usage options. All furniture, fixtures, and equipment are available for purchase, making this a truly turnkey solution. Situated on a 2,178 square foot lot, this property is priced at $97,500, or $65 per square foot. The high traffic count of 25,161 vehicles further enhances its desirability. This is an exceptional opportunity for a business seeking a well-appointed and functional office space in a prime Detroit location.

    Property Features for 15929 Seven Mile Rd

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    1,500 SF

    Building Details

    Year Built/Renovated
    1955/2006

    HighLights

    • B4 zoning allows for diverse commercial uses.
    • Turnkey condition with paneled walls and tile floors.
    • FF&E included.
    • Two assigned parking spaces.
    • Located in Detroit's West of Woodward submarket.
    • High traffic count of 25,161 vehicles.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.2047555
    Latitude
    42.4301152

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    FAQs

    What type of property is this?
    Office Property / Space - Turnkey Office, College Park, MI
    Where is this office property / space located?
    The property is located at 15929 Seven Mile Rd Detroit, MI.
    What is the asking price?
    The asking price for this property is $97,500.
    What are key features of this property?
    This property features: B4 zoning allows for diverse commercial uses.; Turnkey condition with paneled walls and tile floors.; FF&E included.
    (248) 663-0508
    Request Owner's contact information
    15929 Seven Mile Rd Detroit, MI 48235
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    Detroit, MI 48235
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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
    15929 Seven Mile Rd Detroit, MI 48235
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