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Property profile & analytics
OFF-MARKET Estimated value $365,000
Retail space

24501 7th Mile Rd Detroit, MI 48219

17,640 SF 0.66 ac lot Built 1957
Entity Owned 6-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US43-1204662
Property summary
AI-generated overview

This exceptional commercial property, located at 24501 W 7 Mile Rd, Detroit, MI 48219, presents a unique investment opportunity. Situated on a generous 2.2-acre lot, this single-tenant building boasts 17,640 square feet of space, perfect for a variety of uses. Built in 1957, the single-story structure is zoned commercial and features a convenient location south of 7 Mile Road and west of Fenton. The property's APN is 2201674752. Its versatility makes it ideal for businesses seeking a large footprint. The property's size and zoning offer significant potential for adaptive reuse, particularly given its suitability for daycare centers or event spaces, as suggested by its previous use. The building's single-tenant occupancy provides a streamlined operational structure. This prime Detroit location offers excellent visibility and accessibility, making it an attractive proposition for businesses seeking a strong presence in a vibrant community. All measurements are approximate and should be independently verified. This property is ready for a new chapter, offering a blank canvas for a discerning investor or business owner. The property's substantial size and strategic location combine to create a compelling investment opportunity with significant upside potential. Serious inquiries are encouraged.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1957
Total area 17,640 SF
Lot 0.66 ac (28,750 SF)
Zoning code B4
APN 22016747-52
UPID US43-1204662
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.09M
Blend (final) Blend
$365k
Owner & transaction history
Twins Real Properties LLC · 6 yrs held
Twins Real Properties LLC
since 2020
5 recorded transactions
2020
Price N/A
2017
Price N/A
2016
Price N/A
2014
Price N/A
2013
Price N/A
Zoning & alternative use
B4 · Detroit, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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) 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…

Zone name General Business District
General category COMMERCIAL
Zone area 3,533.46 ac
Source code of ordinances
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