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    22500 Seven Mile Rd Detroit, MI 48219

    Sponsored
    For Sale
    $165,000

    Detroit Retail Building - $165,000

    Property size:
    1,812 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional 1,812 square foot retail property, located at 22500 W. Seven Mile Road in Detroit, Michigan, presents a compelling investment opportunity. The single-story, Class C building sits on a fenced and paved lot, offering significant advantages for various businesses. Priced at $165,000 ($91.06 per square foot), this property is zoned B4, making it ideally suited for a range of uses. The building features three overhead doors, providing convenient access for loading and unloading. Its location in Wayne County, Michigan, zip code 48219, offers excellent visibility and accessibility. The ample paved yard is a significant asset, particularly for businesses requiring outdoor storage or operational space. This property is perfect for contractors, auto repair shops, or similar businesses needing both indoor and outdoor space. The combination of its strategic location, functional design, and competitive price point makes this a highly attractive investment prospect. Serious inquiries are encouraged to explore this opportunity further. The property is ready for immediate occupancy.

    Property Features for 22500 Seven Mile Rd

    General Information

    Property type
    Retail properties
    Square Feet
    1,812 SF
    Class
    C

    Building Details

    Buildings
    1
    Stories
    1
    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
    -83.2641744
    Latitude
    42.4291559

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    FAQs

    What type of property is this?
    Retail property - Detroit Retail Building - $165,000
    Where is this retail property located?
    The property is located at 22500 Seven Mile Rd Detroit, MI.
    What is the asking price?
    The asking price for this property is $165,000.
    (248) 359-0615
    Request Owner's contact information
    22500 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
    22500 Seven Mile Rd Detroit, MI 48219
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