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Jim Blehm

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

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19700 W 7 Mile Rd , Detroit, MI 48219
$699,000
Est. Payment: $1,553.33/mo
6849 Sqft
0.17 Acres
Status: active | Days on site: 45
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Jim Blehm
Team Owner, Realtor®

House Description

Excellent opportunity to acquire a fully occupied, four-unit commercial plaza in Detroit. Offering approximately 6,849 square feet, this established investment property generates 4800.00 per month in rental income, totaling 57,600.00 annually. The property consists of four commercial addresses: 19700, 19704, 19710, and 19714 W. Seven Mile Road. One established tenant occupies three of the four units, with all spaces currently leased under one-year agreements. The building underwent extensive updates in 2016, including new appliances and updated electrical and plumbing systems. A new roof was completed in 2018, adding to the property's appeal. Current rental rates offer an opportunity for increased revenue. Tenants are reportedly aware of potential rental adjustments and have expressed interest in remaining at the property. Longer-term lease agreements are recommended to provide additional income stability.An opportunity for investors seeking an established commercial asset with immediate rental income and potential for future growth.

Highlights

Listed by Zachary Brown , 248-622-3133 Vanguard Realty Group , 248-650-6206. MichRIC

Property Type

Commercial Sale

Lot/Acreage
0.17

Year Built

1956

County

Wayne

School District

Detroit

Listing ID

20261075521

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Interior Features

Water:Public

Exterior Features

Principal Interest
$1,553
Taxes
$467

Home Price

$699,000

Loan Details

30 yrs
0%

Down Payment

20%
$139,800
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Monthly Price:
$1,553.33

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,553.33 $466.67 $0.00 $2,020.00
Yearly $18,640.00 $5,600.00 $0.00 $24,240.00
Total $559,200.00 $168,000.00 $0.00 $727,200.00
Lender profile image
Brian Belinger
Loan Originator
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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.

Information provided by Southwestern Michigan Regional Information Center, LLC and is deemed reliable but not guaranteed accurate.

Data last updated: 2026-11-02T18:23:34.000Z

© 2026 MichRIC