729 7th Mile Rd Detroit, MI 48203-2027

Property Details for 729 7th Mile Rd

Year built

1967

Lot size

0.05 lot acres

Property size

3,800 SF

Zone code

B4

Property type

Retail space

APN

09007623.

APU

9007623

Description

This exceptional investment opportunity presents a vacant 4,000-square-foot storefront located at 729 E Seven Mile Road in Highland Park, Michigan, within the desirable I-75 corridor. The property, listed at $130,000 ($32.50/sq ft), offers significant potential for redevelopment or lease. Built in 1967, this Class C retail building features a two-story structure with 2,000 square-foot floor plates, sturdy block construction, and durable concrete floors. The building includes one bathroom conveniently located on the first floor and a bay door at the rear, enhancing accessibility and functionality. The roof underwent repairs in 2022, ensuring long-term structural integrity. The property sits on a 2,000-square-foot lot and is zoned B4, providing flexibility for a variety of commercial uses. Currently vacant, this property presents a blank canvas for a savvy investor to create a thriving business or lease to a suitable tenant. Its prime location and substantial square footage make it an attractive proposition for those seeking a high-return investment in a rapidly developing area. The property's solid foundation and recent roof repairs minimize immediate capital expenditure needs, allowing for a swift return on investment. This is a rare opportunity to acquire a well-positioned commercial property in a high-traffic area at an attractive price point.