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Jim Blehm

Team Owner, Realtor® | The Blehm Group | Keller Williams

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11538 E 7 Mile Rd , Detroit, MI 48234
$250,000
Est. Payment: $555.56/mo
0 Bed
0 Bath
2960 Sqft
Status: Active | Days on site: 27
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House Description

**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.

Highlights

Listed by James T Silver , 248-417-9617 Keller Williams Somerset , 248-649-7200.

Property Type

Commercial Sale

Lot/Acreage
0.24

Year Built

1978

County

Wayne

School District

Detroit

Listing ID

20261064689

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Water:Public

Exterior Features

Principal Interest
$556
Taxes
$281

Home Price

$250,000

Loan Details

30 yrs
%

Down Payment

20%
$50,000
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Monthly Price:
$555.56

Principal

Taxes

Principal Taxes HOA Total
Monthly $555.56 $280.58 $0.00 $836.14
Yearly $6,666.67 $3,367.00 $0.00 $10,033.67
Total $200,000.00 $101,010.00 $0.00 $301,010.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Detroit, MI).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.