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Financial
Distress signals
Property profile

7514 7 Mile Rd E Detroit, MI 48234

FOR SALE
Specialty properties
Property ID
US43-0861859
3,840 SF 0.12 ac lot Built 1950
Last sale Nov 2017 · $3,900
Entity Owned Owner of record is a legal entity (LLC / corporation). 8-yr Hold Held for 8 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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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…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2020

What does the county charge?
$2k
Tax billed · 2020
Assessed value · 2024$49k
Effective rate5.07%

Value estimate

· Oct 2026
$255k
$230k – $281k
NOI build-up
Gross scheduled income$76k
Vacancy & credit loss−$4k
Operating expenses−$22k
NOI · 33.98% cap applied$51k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$32/SF
County average, outlier-cleaned · 23 recorded sales of this use type
Observed band · Q1–Q3$20 – $43

Cap rate analysis

How does the asset earn?
33.98%
$51k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
B4
The B4 general business district provides for business and commercial uses of a thoroughfare oriented nature
General categoryCOMMERCIAL
JurisdictionWAYNE

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency23.0
Law Firm20.5
Dental Office12.1

Location

7514 7 Mile Rd E Detroit, MI 48234
County assessor Recorded deeds · 4 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

5 recorded sales · 17 properties nearby
Recent sales nearby
5 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
19486 Sherwood, Detroit, MI 48234-2821 $340,000 Feb 2023 10,000 SF
4719 7th Mile, Detroit, MI 48234-2111 $60,000 Jan 2022 3,480 SF
19740 Van Dyke, Detroit, MI 48234-3356 $40,000 Jan 2021 7,448 SF
18801 Mound, Detroit, MI 48234-2548 $43,000 Oct 2020 4,562 SF
11341 Mcnichols, Detroit, MI 48234-3930 $60,000 Aug 2019 2,514 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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