7142 7 Mile RdDetroit, MI 48221

This exceptional mixed-use redevelopment opportunity presents a unique chance to capitalize on a vibrant Detroit neighborhood. Located at 7142 W Seven Mile Rd, this 8,671 square foot property sits on a 0.28-acre lot and is zoned B3. Currently vacant, the property offers significant potential for a combined commercial and residential development, with plans allowing for three retail units and four residential units. Built in 1950, this property benefits from recent multi-million dollar streetscape improvements, including wider sidewalks, enhanced lighting, landscaping, and pedestrian-friendly design. The area is experiencing community-led growth, with local organizations actively supporting small businesses and inclusive development. This location boasts strong local and regional appeal, attracting both nearby residents and visitors seeking unique shops and dining experiences. The surrounding neighborhoods, including University District, Bagley, and Sherwood Forest, feature a growing residential base of middle- and upper-middle-class families. The property's proximity to major residential areas, universities, and transportation routes ensures high visibility and accessibility. City-backed initiatives, such as the Strategic Neighborhood Fund, provide resources for business development and infrastructure enhancements, further enhancing the investment potential. The diverse and engaged community welcomes new businesses, creating a thriving environment for retail and dining establishments, including cafes, restaurants, and specialty shops. Asking price is $500,000.