19300 7 Mile RdDetroit, MI 48219

Property Details for 19300 7 Mile Rd

Year built

1954

Lot size

0.09 AC

Property size (Sq ft)

4,093 SF

Zone code

B4

Property type

Retail space

APN

22016987.

APU

22016987

Description

This exceptional investment opportunity presents two established, turn-key daycare businesses in Detroit, Michigan, totaling 6,211 square feet on a 13,620 square foot lot. Located at 19300 W Seven Mile Rd and 19155 W 7 Mile Rd, Detroit, MI 48219, these facilities boast a combined capacity for up to 92 children (ages birth to 12). The properties, built in 1954 and 1961, underwent renovations in 2023, and are fully equipped with fenced play areas, buses, and a comprehensive camera monitoring system. Currently operating at 100% occupancy, the business generates a substantial NOI of $456,944, resulting in a compelling 50.77% cap rate and a price per square foot of $144.90. The land value alone is $66 per square foot. The asking price for this exceptional package is $900,000. This presents a unique opportunity to capitalize on the significant demand for childcare in Michigan, where an estimated 44% of the population resides in areas with limited childcare options. The State of Michigan is also offering $100 million in grants to support the creation of 1,000 new childcare facilities. This business is zoned commercial and operates as a corporation. Serious inquiries only

• CAP approach

  CAP return

  Valuation

  6%

  $1,029,988

  6.5%

  $950,758

  7%

  $882,847

• Comparable approach

  Method

  Valuation

  Relative Method

  $964,805

  Geo Method

  $964,805

• Alternative Use

  Use

  Valuation

  Residential

  $802,000

  Hospitality

  $734,628

  Educational

  $611,202

  Medical

  $632,222

  Retail

  $950,758

Location Insight

City

Detroit

County

Wayne

State

Michigan

Latitude

42.43

Longitude

-83.2323

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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