24501 7th Mile Rd Detroit, MI 48219
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.
), 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…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2020Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property 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) B4 General Business District. (5) B5 Major Business District. (6) B6 General Services District. (Code 1984, § 61-7-3; Ord. No. 11-05, § 1(61-7-3), eff. 5-28-2005) Sec. 50-7-4. - Industrial Districts. Industrial districts w
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.