Property profile

19033 7th Mile Rd Detroit, MI 48219

OFF-MARKET
Bars & Pubs
Property ID
US43-0672490
2,404 SF 0.08 ac lot Built 1959
Entity Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional storefront retail property, located at 19033 W. Seven Mile Road in Detroit, Michigan, presents a compelling investment opportunity. Boasting 2,404 square feet of space, this property is priced at $125,000, or $52 per square foot. The building features a 10-foot clear height, providing ample space for various retail configurations. Convenient street parking is readily available for customers and employees. Previously utilized as a bar/lounge, the space offers a versatile layout adaptable to a wide range of retail uses. The property's location in Detroit, within Wayne County, zip code 48219, ensures high visibility and accessibility for potential customers. The address is 19033 W Seven Mile Rd, Detroit, MI 48219. This property is offered for sale and represents a strong value proposition for investors seeking a well-situated retail space in a dynamic urban market. The geographic coordinates are 42.4296072 latitude and -83.2292713 longitude. This is a fantastic opportunity to acquire a ready-to-occupy retail space in a high-traffic area.

Property profile

Verified
Property type Bars & Pubs
Use group BAR, TAVERN
Year built 1959
Total area 2,404 SF
Lot 0.08 ac (3,485 SF)
Zoning code B4
APN 22016431-2
UPID US43-0672490

Cap rate & NOI

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

Location

19033 7th Mile Rd Detroit, MI 48219-2705
Detroit metro Census 540500 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Blend (final) Blend
$120k

Owner & transaction history

since 2024
7 recorded transactions
2024
$34,405
2023
$84,400
2023
Price N/A
2020
$150,000
2018
Price N/A
2018
Price N/A
2014
$5,600

Zoning & alternative use

B4 · Detroit, MI
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)…

General category COMMERCIAL

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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