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Property profile & analytics

4300 7th Mile Rd Detroit, MI 48234-2018

  • Auto shops
  • 6,240 SF
  • 0.34 lot acres
OFF-MARKET
Last Sale
Aug 28, 2023
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US43-5179267
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Auto shops

Property Details for 4300 7th Mile Rd

Year built
1953
Lot size
0.34 lot acres
Property size
6,240 SF
Zone code
B4
Property type
Auto shops
APN
13008293-8
APU
130082938

Description

This 6,254-square-foot warehouse, located at 4300 Seven Mile E, Detroit, MI 48234, presents a compelling redevelopment opportunity. Situated on a 0.43-acre lot (APN 130082938), this Class C industrial property boasts a recent 2023 renovation, including a new roof and paint. The building, constructed in 1953, features three dock-high doors, providing excellent access for loading and unloading. Exterior walls are comprised of secure steel panels, enhancing overall building security. The property includes a large fenced yard, ideal for outdoor storage. Interior improvements are underway, with plumbing roughed-in for two bathrooms. The property is currently vacant and zoned B-4, offering flexibility for various uses. The asking price is $259,000, translating to $41.41 per square foot. This single-story building offers significant potential for investors seeking a mixed-use redevelopment project in a prime Detroit location. The property's strategic location in Wayne County, Michigan, provides easy access to major transportation routes and a thriving urban environment. This is a rare opportunity to acquire a well-maintained, secure warehouse with significant upside potential. The combination of recent renovations, ample outdoor space, and strategic location makes this property an attractive investment.


Value Estimations

based on Realmo’s proprietary methodology
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  • CAP approach

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Location Insight

  • Map
  • Local Demand
City
Detroit
County
Wayne
State
Michigan
Longitude
-83.0606
Latitude
42.433
CBSA code
19820
CBSA name
DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2020
$5,847
$0.00
$0.00
$115,900
-
$0.00
$0.00
$231,800
More about this property
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