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    13641 7 Mile Rd Detroit, MI 48205

    Sponsored
    For Sale
    $400,000

    Prime Detroit retail/office, 2,420 sq ft.

    Property size:
    2,420 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 2,420-square-foot commercial property, located at 13641 Seven Mile E in Detroit, Michigan, presents a compelling investment opportunity. The single-story building, constructed in 1955, sits on a 0.37-acre lot and is zoned B4, offering a multitude of potential uses. Previously utilized as an urgent care facility, this adaptable space is immediately available for purchase at $400,000 ($165.29 per square foot). Alternatively, a gross lease is available for $3,500 per month with a 3-year term. The property features ample parking, a significant advantage in a high-traffic area. The building's classification is Class C, and the Wayne County property's APN is 21021093. This versatile space is ideal for entrepreneurs and investors seeking a strong foothold in the Detroit market. Its convenient location and flexible zoning make it an attractive proposition for a wide range of businesses. Don't miss this chance to acquire a well-situated property with significant upside potential. The property's address is 13641 Seven Mile E, Detroit, MI 48205.

    Property Features for 13641 7 Mile Rd

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    2,420 SF
    Class
    C
    Lot Size
    16,117 SF

    Building Details

    Year Built
    1955
    Buildings
    1
    Stories
    1

    HighLights

    • 2,420 SF commercial building available for sale or lease.
    • Versatile space with multiple potential uses.
    • B4 zoning.
    • Ample on‑site parking.
    • Immediately available.
    • $400,000 sale price ($165.29/SF).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -82.9842176
    Latitude
    42.4352104

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Detroit retail/office, 2,420 sq ft.
    Where is this office property / space located?
    The property is located at 13641 7 Mile Rd Detroit, MI.
    What is the asking price?
    The asking price for this property is $400,000.
    What are key features of this property?
    This property features: 2,420 SF commercial building available for sale or lease.; Versatile space with multiple potential uses.; B4 zoning.
    Request Owner's contact information
    13641 7 Mile Rd Detroit, MI 48205
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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
    13641 7 Mile Rd Detroit, MI 48205
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