11501 7 Mile RdDetroit, MI 48234

  • Industrial properties
  • 9,244 SF
For Sale
$450,000 View listing

Property Details for 11501 7 Mile Rd

Year built
1991
Lot size
0.59 AC
Property size (Sq ft)
9,244 SF
Zone code
B4
Property type
Industrial properties
APN
17005197-207
APU
17005197207

Description

This exceptional commercial property, located at 11501 E Seven Mile Road in Detroit, Michigan 48234, presents a unique investment opportunity for discerning business owners. Priced at $450,000, this traditional office building offers significant potential for a variety of commercial ventures. The expansive lot provides ample space for diverse uses, including but not limited to a mechanic shop (with capacity for four or more bays), a car wash, a gas station, a tire shop, or a window tinting business. The property's strategic location on Seven Mile Road ensures high visibility and accessibility, making it an ideal spot for attracting customers. The seller is highly motivated, making this an attractive proposition for those seeking a versatile commercial space with significant upside. This is a chance to capitalize on a prime Detroit location and bring your entrepreneurial vision to life. The property is classified as a traditional office building and is situated in Wayne County. The latitude and longitude coordinates are 42.4345748 and -83.0055192 respectively. Serious inquiries are encouraged.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $2,200,657
    Hospitality
    $2,015,790
    Educational
    $1,677,114
    Medical
    $1,734,792
    Retail
    $2,608,844

Location Insight

City
Detroit
County
Wayne
State
Michigan
Latitude
42.4347
Longitude
-83.0052
CBSA code
19820
CBSA name
DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$13,653
-
-
$112,300
-
-
-
$224,600

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