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7606 E 7 Mile Rd 700 SF Retail Building Detroit, MI 48234 $171,870 CAD ($245.53 CAD/SF) 16.80% Cap Rate
Executive Summary
Introducing a prime investment opportunity in the heart of Detroit, MI at 7606 Seven Mile E. This 700 SF building offers an exceptional location for Retail / Street Retail investors looking to capitalize on a strategic position in a bustling area. With its versatile space, this property presents endless possibilities for retail ventures. Situated in a high-traffic area, it provides the ideal foundation for a thriving business. Don't miss out on the chance to secure a promising investment in this dynamic market.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
700 SF
Year Built
1954
Price
$171,870 CAD
Price Per SF
$245.53 CAD
Cap Rate
16.80%
NOI
$28,874 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.27
Lot Size
0.06 AC
Zoning
B4 - “B4 zoning” typically refers to business or commercial zoning classifications used by local governments to regulate land use and development.
Frontage
20’ on 7 Mile Rd
Amenities
- Air Conditioning
- Smoke Detector
Moderately walkable
60/100
Exceptionally drivable
90/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 15-004858 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $32,551 CAD |
Property Taxes
Parcel Number
15-004858
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$32,551 CAD
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7606 E 7 Mile Rd
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