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Jim Blehm

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

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5153 E 7 Mile Rd , Detroit, MI 48234
$1,500,000
Est. Payment: $3,333.33/mo
0 Bed
0 Bath
3387 Sqft
Status: Active | Days on site: 37
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338645 - 432091
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House Description

Prime retail investment opportunity located on highly traveled E. 7 Mile Road. This well-established business is offered at $1,500,000 and underwent a complete renovation earlier this year, making it truly turnkey.Situated in a stable, well-maintained neighborhood with a strong mix of residential and commercial development, the business enjoys excellent visibility, consistent customer traffic, and high weekly gross sales. There is substantial upside potential by expanding operations to include food service or additional product offerings (subject to applicable approvals).Whether you're an investor seeking a cash-flowing asset or an owner-operator looking for a profitable business with room to grow, this is an outstanding opportunity.Proof of funds is required prior to the release of financial information or additional business details.

Highlights

Listed by Jonathan Farida , 248-225-5994 Community Choice Realty Inc , 248-729-0011.

Property Type

Commercial Sale

Lot/Acreage
0.09

Year Built

1953

County

Wayne

School District

Detroit

Listing ID

20261063455

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Interior Features

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

Exterior Features

Principal Interest
$3,333
Taxes
$207

Home Price

$1,500,000

Loan Details

30 yrs
%

Down Payment

20%
$300,000
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Monthly Price:
$3,333.33

Principal

Taxes

Principal Taxes HOA Total
Monthly $3,333.33 $207.17 $0.00 $3,540.50
Yearly $40,000.00 $2,486.00 $0.00 $42,486.00
Total $1,200,000.00 $74,580.00 $0.00 $1,274,580.00

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.