19300 7th Mile Rd Detroit, MI 48219-2756
- Retail space
- 4,093 SF
- 0.09 lot acres
Current Use by Public Records
- Retail space
Property Details for 19300 7th Mile Rd
- Year built
- 1954
- Lot size
- 0.09 lot acres
- Property size
- 4,093 SF
- Zone code
- B4
- Property type
- Retail space
- APN
- 22016987.
- APU
- 22016987
Description
This exceptional investment opportunity presents two established, turn-key daycare businesses in Detroit, Michigan, totaling 6,211 square feet on a 13,620 square foot lot. Located at 19300 W Seven Mile Rd and 19155 W 7 Mile Rd, Detroit, MI 48219, these facilities boast a combined capacity for up to 92 children (ages birth to 12). The properties, built in 1954 and 1961, underwent renovations in 2023, and are fully equipped with fenced play areas, buses, and a comprehensive camera monitoring system. Currently operating at 100% occupancy, the business generates a substantial NOI of $456,944, resulting in a compelling 50.77% cap rate and a price per square foot of $144.90. The land value alone is $66 per square foot. The asking price for this exceptional package is $900,000. This presents a unique opportunity to capitalize on the significant demand for childcare in Michigan, where an estimated 44% of the population resides in areas with limited childcare options. The State of Michigan is also offering $100 million in grants to support the creation of 1,000 new childcare facilities. This business is zoned commercial and operates as a corporation. Serious inquiries only
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Longitude
- -83.2323
- Latitude
- 42.43
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
