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    19033 Seven Mile Rd Detroit, MI 48219

    For Sale
    $125,000

    Detroit Retail Space - Prime Location, High Visibility

    Property size:
    2,404 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional storefront retail property, located at 19033 W. Seven Mile Road in Detroit, Michigan, presents a compelling investment opportunity. Boasting 2,404 square feet of space, this property is priced at $125,000, or $52 per square foot. The building features a 10-foot clear height, providing ample space for various retail configurations. Convenient street parking is readily available for customers and employees. Previously utilized as a bar/lounge, the space offers a versatile layout adaptable to a wide range of retail uses. The property's location in Detroit, within Wayne County, zip code 48219, ensures high visibility and accessibility for potential customers. The address is 19033 W Seven Mile Rd, Detroit, MI 48219. This property is offered for sale and represents a strong value proposition for investors seeking a well-situated retail space in a dynamic urban market. The geographic coordinates are 42.4296072 latitude and -83.2292713 longitude. This is a fantastic opportunity to acquire a ready-to-occupy retail space in a high-traffic area.

    Property Features for 19033 Seven Mile Rd

    General Information

    Property type
    Individual retail properties
    Square Feet
    2,404 SF

    HighLights

    • 2,404 square feet available
    • 10' clear height
    • Ample street parking
    • Former bar/lounge; versatile layout
    • Sale price: $125,000 ($52/SF)
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    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
    -83.2292713
    Latitude
    42.4296072

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    FAQs

    What type of property is this?
    Individual retail property - Detroit Retail Space - Prime Location, High Visibility
    Where is this individual retail property located?
    The property is located at 19033 Seven Mile Rd Detroit, MI.
    What is the asking price?
    The asking price for this property is $125,000.
    What are key features of this property?
    This property features: 2,404 square feet available; 10' clear height; Ample street parking
    Request Owner's contact information
    19033 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
    19033 Seven Mile Rd Detroit, MI 48219
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