7514 7 Mile RdDetroit, MI 48234

Property Details for 7514 7 Mile Rd

Year built

1950

Lot size

0.12 AC

Property size (Sq ft)

3,840 SF

Zone code

B4

Property type

Specialty properties

APN

15004865.

APU

15004865

Description

This freestanding building, located at 7514 Seven Mile E in Detroit, Michigan, presents a unique investment opportunity. The property boasts 4,110 square feet of space on a 0.29-acre lot, encompassing a single-story structure with an open concept design. Currently configured as a bar and restaurant, the building features a fully equipped kitchen and bar area, along with ample seating. The B4 - General Business District zoning allows for a wide range of uses, making it suitable for various businesses beyond its current configuration. The sale includes an adjacent parking lot situated west of the main building, providing convenient parking for patrons and staff. The property's address is 7514 Seven Mile E, Detroit, MI 48234, and its parcel numbers are 15004865 & 15004866. This high-traffic location on Seven Mile Road, just west of Van Dyke, offers excellent visibility and accessibility. The asking price for this exceptional property is $199,000. This is an excellent opportunity for an owner-operator or investor seeking a versatile commercial space in a thriving Detroit neighborhood.

• Alternative Use

  Use

  Valuation

  Residential

  $914,163

  Hospitality

  $837,368

  Educational

  $696,681

  Medical

  $720,641

  Retail

  $1,083,726

Location Insight

City

Detroit

County

Wayne

State

Michigan

Latitude

42.4336

Longitude

-83.0272

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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