For Sale
$350,000

11351 7 Mile RdDetroit, MI 48234

High-traffic Detroit storefront, strong income.

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
123
This exceptional investment opportunity presents a 4,733 square foot retail storefront located at 11351-11357 E 7 Mile Road in Detroit, Michigan, 48234. Built in 1950, this commercially zoned property boasts a prime corner location within a high-traffic area, ensuring excellent visibility and accessibility. The building comprises three individual retail units, each featuring attractive glass doors and picture windows, currently generating a combined monthly rental income of $3,000. In addition to the retail spaces, the property includes a one-bedroom apartment. The asking price is $350,000, translating to $74 per square foot. All units are currently occupied by tenants. Showings are strictly by appointment only, following the submission of an accepted offer. Please direct all offers to the designated email address. This property is ideal for investors seeking a stable, income-producing asset in a desirable Detroit location. The property is zoned for commercial use.

Highlights

  • 4,733 SF retail building on a high-traffic corner lot in Detroit, MI.
  • Three retail units with attractive glass doors and windows, plus a one-bedroom apartment.
  • Generating $3,000 monthly rental income from fully occupied units.
  • Asking price: $350,000 ($74/SF).
  • Showings by appointment only with accepted offer; submit offers to [email protected].

Property Details for 11351 7 Mile Rd

Property type
Retail properties, Retail space
Square Feet
4,733 SF
Year Built
1950

Location Insight

City
Detroit
County
Wayne
State
Michigan
Latitude
42.4344589
Longitude
-83.007724
11351 7 Mile Rd, Detroit, Michigan

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FAQs

What type of property is this?
Retail property - High-traffic Detroit storefront, strong income.
Where is the retail property located?
The property is located at 11351 7 Mile Rd Detroit, MI.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 4,733 SF retail building on a high-traffic corner lot in Detroit, MI.; Three retail units with attractive glass doors and windows, plus a one-bedroom apartment.; Generating $3,000 monthly rental income from fully occupied units.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].

Contacts

Leonard Pickett
Visit Broker Website

Learn more

Useful Information

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7 Mile Rd
Detroit, MI 48234

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7 Mile Rd
Detroit, MI 48234

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

11351 7 Mile Rd
  • Leonard Pickett
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