11502-11538 E 7 Mile Rd - Freestanding FOR SALE


Detroit, MI 48234- Mt Olivet
$250,000 USD
248-530-7292
11502-11538 E 7 Mile Rd, Detroit, MI for Sale
$250,000 USD
Freestanding - FOR SALE
1/18
null | Request Cap Rate

11502-11538 E 7 Mile Rd
Detroit, MI 48234
Mt Olivet


OVERVIEW

**Prime commercial opportunity at a high-visibility corner location along E Seven Mile Road in Detroit.** This versatile property offers excellent exposure and accessibility at a busy intersection, making it an ideal location for a variety of retail, service, or commercial uses. Currently operating as a pharmacy and retail store, the property has an established presence in the surrounding community and benefits from its prominent corner setting. Originally built for use as a gas station, the building offers a flexible layout with potential for a wide range of future business concepts. The property was renovated in 2020, including two newer AC units and steel wall upgrades, while the metal roof was installed in 2015 for added durability. A Certificate of Compliance is already in place, providing additional peace of mind for the next owner. With strong street visibility, a spacious corner lot, established commercial infrastructure, and significant potential for redevelopment or continued retail use, this property presents an excellent opportunity for an owner-user or investor looking for a prominent Detroit commercial location.

FOR SALE DETAILS

PRICE

$250,000 USD

PRICE/SF

$86 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Convenience Store, Drug Store, Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1978

SPRINKLERS

-

PARKING SPACES

19

LAND DETAILS

LAND ACRES

0.41 AC

LAND SF

17,860 SF

ZONING

B4

APN/PARCEL ID

17-00490-510,17-004911,17-004912,17-004913,17-004914

ASK ABOUT THIS PROPERTY

James SilverKeller Williams RealtyMore Info
248-530-7292

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James SilverKeller Williams RealtyMore Info
248-530-7292

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.