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Property profile & analytics
OFF-MARKET
Strip malls

1636 7th Mile Rd Detroit, MI 48203-2136

5,739 SF 0.2 ac lot Built 1927
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US43-1256980
Property summary
AI-generated overview

This exceptional commercial property located at 1636 E 7 Mile Road in Highland Park, Michigan, presents a compelling investment opportunity. The 5,739 square foot building sits on a 0.2-acre lot and is zoned for commercial use. Built in 1945 and renovated in 1945, the property features five individual storefronts, offering significant flexibility for a variety of businesses. One storefront is a fully equipped restaurant, ready for immediate operation, complete with all necessary service equipment. The remaining four storefronts provide ample space for diverse commercial ventures, catering to a wide range of business opportunities. The property's prime location in Highland Park, Michigan, within Wayne County, ensures high visibility and accessibility, making it an ideal investment for both established businesses and entrepreneurs. The single-story building is situated at 42.4325449 latitude and -83.086728 longitude, with a zip code of 48203. This property offers a unique blend of established infrastructure and significant potential for future growth, making it a truly remarkable investment opportunity. The price per square foot is $66.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1927
Total area 5,739 SF
Lot 0.2 ac (8,712 SF)
Zoning code B4
APN 09007500.
UPID US43-1256980
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Greenway Investments LLC · 1 yrs held
Greenway Investments LLC
since 2025
3 recorded transactions
2025
$350,000
2013
Price N/A
2011
$15,000
Zoning & alternative use
B4 · Detroit, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

), eff. 5-28-2005) Sec. 50-7-3. - Business Districts. Business districts within the City are as follows: (1) B1 Restricted Business District. (2) B2 Local Business and Residential District. (3) B3 Shopping District. (4) B4 General Business District. (5) B5 Major Business District. (6) B6 General Services District. (Code 1984, § 61-7-3; Ord. No. 11-05, § 1(61…

Zone name General Business District
General category COMMERCIAL
Zone area 3,533.46 ac
Source code of ordinances
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