Property summary
This exceptional 20,000 square foot office building presents a rare investment opportunity on Detroit's west side. Situated on a 0.48-acre lot at 22400 W Seven Mile Rd, Detroit, MI 48219, this Class B property boasts a prime location with easy access to suburban areas. The building, constructed in 1966, features two buildings with two stories each, offering versatile space suitable for traditional, executive, or creative office uses. The property includes 20 on-site parking spaces with additional land available for expansion. A significant advantage is the recently installed brand-new solar-powered heating and cooling system, promoting energy efficiency and cost savings. The building is exceptionally well-maintained and benefits from excellent signage visibility on Seven Mile Road. The property is zoned B4 and offers a unique park-like setting on an adjacent lot. This owner/user investment opportunity is priced at $925,000, with a price per square foot of $46.25. Don't miss this chance to acquire a well-positioned, energy-efficient office complex in a desirable Detroit location.
Property profile
VerifiedCap rate & NOI
Current use
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Location
Value estimations
Owner & transaction history
Zoning & alternative use
), 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)…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2020Property 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)…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
), 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)…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for B4 in Detroit, MI.
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- Property Ownership
- Basic report summary
- Property Insight Report
- Value Estimation
- Cap Rate Calculation
- Location Intelligence
- Business Placement
- Ownership
- Zoning
- Property Insight Report
- Value Estimation
- Cap Rate Calculation
- Location Intelligence
- Business Placement
- Ownership
- Zoning