For Sale
$1,500,000

24201 7 Mile RdDetroit, MI 48219

Prime Detroit location, bar & restaurant, ample parking.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional commercial property, located at 24201 W 7 Mile Road in Detroit, Michigan, presents a unique investment opportunity. The 2,943 square foot building is classified as special purpose and includes land. Currently operating as a bar and restaurant, the property boasts a fully furnished basement with a built-in bar, adding significant value and potential for immediate revenue generation. The main level features a two-story layout, providing ample space for various uses. An attractive feature is the enclosed parking lot, offering convenient and secure parking for patrons and staff. Further enhancing its appeal is an existing liquor license permit for the outdoor patio area, expanding the potential for outdoor seating and revenue streams. The current owner is retiring, presenting a prime opportunity for a new owner to capitalize on the strong upside and growth potential in this vibrant Detroit location. The property is situated in Wayne County, Michigan, with the zip code 48219. The strategic location at the intersection of 7 Mile and Telegraph roads offers excellent visibility and accessibility. The abundance of parking spaces provides a significant advantage in a competitive market. This property is being offered at an asking price of $1,500,000. This is a turnkey operation with significant potential for expansion and increased profitability.

Highlights

  • 2,943 SF special-purpose building on land in Detroit, MI.
  • Currently operating bar and restaurant with a fully furnished basement bar.
  • Two-story main level with ample space.
  • Enclosed parking lot.
  • Existing liquor license for outdoor patio.
  • Asking price: $1,500,000.

Property Details for 24201 7 Mile Rd

Property type
Specialty properties, Land
Square Feet
2,943 SF

Location Insight

City
Detroit
County
Wayne
State
Michigan
Latitude
42.4289012
Longitude
-83.2793165
24201 7 Mile Rd, Detroit, Michigan

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24201 7 Mile Rd
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