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    FOR SALE
    Specialty properties

    7514 7 Mile Rd E, Detroit, MI 48234

    3,840 SF 0.12 ac lot Built 1950
    Entity Owned 8-yr Hold Absentee Owner Free & Clear
    Property ID
    US43-0861859
    Property summary
    AI-generated overview

    This freestanding building, located at 7514 Seven Mile E in Detroit, Michigan, presents a unique investment opportunity. The property boasts 4,110 square feet of space on a 0.29-acre lot, encompassing a single-story structure with an open concept design. Currently configured as a bar and restaurant, the building features a fully equipped kitchen and bar area, along with ample seating. The B4 - General Business District zoning allows for a wide range of uses, making it suitable for various businesses beyond its current configuration. The sale includes an adjacent parking lot situated west of the main building, providing convenient parking for patrons and staff. The property's address is 7514 Seven Mile E, Detroit, MI 48234, and its parcel numbers are 15004865 & 15004866. This high-traffic location on Seven Mile Road, just west of Van Dyke, offers excellent visibility and accessibility. The asking price for this exceptional property is $199,000. This is an excellent opportunity for an owner-operator or investor seeking a versatile commercial space in a thriving Detroit neighborhood.

    Property profile
    Verified
    Property type Specialty properties
    Use group PROFESSIONAL CLUBS/ASSOCIATIONS
    Year built 1950
    Total area 3,840 SF
    Lot 0.12 ac (5,227 SF)
    Zoning code B4
    APN 15004865.
    UPID US43-0861859
    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
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Mdab Properties LLC · 8 yrs held
    Mdab Properties LLC
    since 2017
    4 recorded transactions
    2017
    $3,900
    2017
    2012
    $200
    2008
    Zoning & alternative use
    B4 · Detroit, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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