For Sale
$65,000

20534 7 Mile Rd Detroit, MI 48219

Detroit Retail/Office Rehab - $65,000

Overview

Added:
Dec 11, 2024
Days on market:
138
This vacant, 3,166 square foot commercial property located at 20534 W 7 Mile Rd, Detroit, MI 48219 presents a unique investment opportunity. Situated on a 4,269 square foot lot, this Class C building, constructed in 1948, is zoned B4 and offers significant potential for redevelopment. Currently vacant, the property is ideal for a complete rehabilitation project. The building's versatile nature allows for various uses, including creative office space, medical office space, or storefront retail. Its prime location near the Evergreen shopping center in a busy area of Detroit offers high visibility and accessibility. The asking price is $65,000. The property requires a full rehabilitation, and a city application is required. This is a chance to acquire a well-located building with substantial upside potential in a high-traffic area. The property consists of one building and is currently fully vacant. Detailed plans and specifications are available upon request. This is a rare opportunity to acquire a city-owned property in a desirable location. Serious inquiries only.

Highlights

  • Vacant 3,166 SF commercial building on a 4,269 SF lot in Detroit, MI.
  • Class C building, built in 1948, zoned B4.
  • $65,000 asking price; requires full rehabilitation and city application.
  • High-visibility location near Evergreen shopping center, ideal for redevelopment into creative office, medical office, or retail space.

Property Details for 20534 7 Mile Rd

Property type
Retail properties, Office properties
Square Feet
3,166 SF
Class
C
Year Built
1948
Buildings
1

Location Insight

City
Detroit
County
Wayne
State
Michigan
Latitude
42.429466903306
Longitude
-83.245119477344

FAQs

What type of property is this?
Retail property - Detroit Retail/Office Rehab - $65,000
Where is the retail property located?
The property is located at 20534 7 Mile Rd Detroit, MI.
What is the asking price?
The asking price for this property is $65,000.
What are key features of this property?
This property features: Vacant 3,166 SF commercial building on a 4,269 SF lot in Detroit, MI.; Class C building, built in 1948, zoned B4.; $65,000 asking price; requires full rehabilitation and city application.
How can I contact the broker?
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20534 7 Mile Rd
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