1636 7th Mile Rd Detroit, MI 48203-2136
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.
), 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…
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, MI), 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(61-7-3), eff. 5-28-2005) Sec. 50-7-4. - Industrial Districts. Industrial districts w
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.