7514 7 Mile Rd E, Detroit, MI 48234
For Sale
1 / 13
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.
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, MIDetroit. Always verify with local authorities before improvements.
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.