24201 7th Mile Rd Detroit, MI 48219-1608

Property Details for 24201 7th Mile Rd

Year built

1971

Lot size

0.21 lot acres

Property size

2,943 SF

Zone code

B4

Property type

Turn key restaurants

APN

22016702-7

APU

220167027

Description

This exceptional commercial property, located at 24201 W 7 Mile Road in Detroit, Michigan, presents a unique investment opportunity. The 2,943 square foot building is classified as special purpose and includes land. Currently operating as a bar and restaurant, the property boasts a fully furnished basement with a built-in bar, adding significant value and potential for immediate revenue generation. The main level features a two-story layout, providing ample space for various uses. An attractive feature is the enclosed parking lot, offering convenient and secure parking for patrons and staff. Further enhancing its appeal is an existing liquor license permit for the outdoor patio area, expanding the potential for outdoor seating and revenue streams. The current owner is retiring, presenting a prime opportunity for a new owner to capitalize on the strong upside and growth potential in this vibrant Detroit location. The property is situated in Wayne County, Michigan, with the zip code 48219. The strategic location at the intersection of 7 Mile and Telegraph roads offers excellent visibility and accessibility. The abundance of parking spaces provides a significant advantage in a competitive market. This property is being offered at an asking price of $1,500,000. This is a turnkey operation with significant potential for expansion and increased profitability.