7514 7 Mile Rd Detroit, MI 48234
- Specialty properties
- 3,840 SF
- 0.12 lot acres
Current Use by Public Records
- Specialty properties
Property Details for 7514 7 Mile Rd
- Year built
- 1950
- Lot size
- 0.12 lot acres
- Property size
- 3,840 SF
- Zone code
- B4
- Property type
- Specialty properties
- APN
- 15004865.
- APU
- 15004865
Description
This freestanding building, located at 7514 Seven Mile E in Detroit, Michigan, presents a unique investment opportunity. The property boasts 4,110 square feet of space on a 0.29-acre lot, encompassing a single-story structure with an open concept design. Currently configured as a bar and restaurant, the building features a fully equipped kitchen and bar area, along with ample seating. The B4 - General Business District zoning allows for a wide range of uses, making it suitable for various businesses beyond its current configuration. The sale includes an adjacent parking lot situated west of the main building, providing convenient parking for patrons and staff. The property's address is 7514 Seven Mile E, Detroit, MI 48234, and its parcel numbers are 15004865 & 15004866. This high-traffic location on Seven Mile Road, just west of Van Dyke, offers excellent visibility and accessibility. The asking price for this exceptional property is $199,000. This is an excellent opportunity for an owner-operator or investor seeking a versatile commercial space in a thriving Detroit neighborhood.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Longitude
- -83.0272
- Latitude
- 42.4336
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
