Property profile

7104 7 Mile Rd Detroit, MI 48221

OFF-MARKET
Retail properties & Spaces
1,400 SF 0.21 ac lot Built 1937
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Property summary

AI-generated overview

This exceptional 1,400 square foot retail space, located at 7104 W 7 Mile Rd in Detroit, Michigan, presents a fantastic opportunity for a discerning business. Situated on a 0.21-acre lot in Wayne County, this single-story building boasts a prime location near the renowned Fashion Ave. Built in 1937 and renovated in 2000, the property offers ample space for a variety of retail uses. The space is currently available for lease, with occupancy commencing July 1, 2024, due to a tenant relocation. The property features five parking spaces for customer convenience, and is zoned B-3. A significant advantage for food-related businesses is the inclusion of a three-compartment sink, already installed. The property also offers excellent signage opportunities, allowing for high visibility and brand recognition. This location benefits from established neighboring businesses including State Farm Insurance, a rib restaurant, and a baking supplies store, creating a vibrant and diverse commercial environment. This is an ideal opportunity to establish or expand your business in a thriving Detroit neighborhood. The property is conveniently located in zip code 48221.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1937
Total area 1,400 SF
Lot 0.21 ac (9,148 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store

Location

7104 7 Mile Rd Detroit, MI 48221
Detroit metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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