15929 7th Mile Rd Detroit, MI 48235-2955
This 1,500 square foot executive office building presents a fantastic owner-user opportunity in Detroit's College Park area. Originally constructed in 1955 and extensively renovated in 2006, this property is move-in ready. The building features a complete build-out, including paneled walls, tile floors, four private offices, a reception area, a breakroom, and two bathrooms. Two dedicated parking spaces are included, adding significant convenience. The B4 zoning allows for versatile usage options. All furniture, fixtures, and equipment are available for purchase, making this a truly turnkey solution. Situated on a 2,178 square foot lot, this property is priced at $97,500, or $65 per square foot. The high traffic count of 25,161 vehicles further enhances its desirability. This is an exceptional opportunity for a business seeking a well-appointed and functional office space in a prime Detroit location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2020Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
B4 · Detroit, MIDetroit. Always verify with local authorities before improvements.
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.