For Sale
$130,000

729 7 Mile RdHighland Park, MI 48203

Vacant Retail Space, 4,000 SF, $130K

Overview

Added:
Dec 11, 2024
Days on market:
121
This exceptional investment opportunity presents a vacant 4,000-square-foot storefront located at 729 E Seven Mile Road in Highland Park, Michigan, within the desirable I-75 corridor. The property, listed at $130,000 ($32.50/sq ft), offers significant potential for redevelopment or lease. Built in 1967, this Class C retail building features a two-story structure with 2,000 square-foot floor plates, sturdy block construction, and durable concrete floors. The building includes one bathroom conveniently located on the first floor and a bay door at the rear, enhancing accessibility and functionality. The roof underwent repairs in 2022, ensuring long-term structural integrity. The property sits on a 2,000-square-foot lot and is zoned B4, providing flexibility for a variety of commercial uses. Currently vacant, this property presents a blank canvas for a savvy investor to create a thriving business or lease to a suitable tenant. Its prime location and substantial square footage make it an attractive proposition for those seeking a high-return investment in a rapidly developing area. The property's solid foundation and recent roof repairs minimize immediate capital expenditure needs, allowing for a swift return on investment. This is a rare opportunity to acquire a well-positioned commercial property in a high-traffic area at an attractive price point.

Highlights

  • Vacant 4,000 sq ft storefront at 729 E Seven Mile Rd, Highland Park, MI, in the I-75 corridor.
  • Listed at $130,000 ($32.50/sq ft).
  • Two-story, 2,000 sq ft floor plates, block construction, concrete floors.
  • One first-floor bathroom and rear bay door.
  • 2022 roof repairs; 2,000 sq ft lot; B4 zoning.

Property Details for 729 7 Mile Rd

Property type
Retail properties, Retail space
Square Feet
4,000 SF
Class
C
Year Built
1967
Buildings
1
Stories
2

Location Insight

City
Highland Park
County
Wayne
State
Michigan
Latitude
42.432676
Longitude
-83.0962311
729 7 Mile Rd, Highland Park, Michigan

FAQs

What type of property is this?
Retail property - Vacant Retail Space, 4,000 SF, $130K
Where is the retail property located?
The property is located at 729 7 Mile Rd Highland Park, MI.
What is the asking price?
The asking price for this property is $130,000.
What are key features of this property?
This property features: Vacant 4,000 sq ft storefront at 729 E Seven Mile Rd, Highland Park, MI, in the I-75 corridor.; Listed at $130,000 ($32.50/sq ft).; Two-story, 2,000 sq ft floor plates, block construction, concrete floors.
How can I contact the broker?
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729 7 Mile Rd
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