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Jim Blehm

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

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13403 W 7 Mile Rd , Detroit, MI 48235
$1,350,000
Est. Payment: $3,000.00/mo
0 Bed
0 Bath
6200 Sqft
Status: Active | Days on site: 49
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416803 - 403947
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House Description

Excellent investment or owner-user opportunity offering multiple income streams with upside. The property is anchored by Bank of America, which recently renewed its lease for another 60 months, with approximately 65 months remaining plus renewal options, and has occupied the location for over 10 years. The on-site ATM generates approximately $36,000 annually. The Pharmacy, a strong and thriving tenant in place for nearly 12 years, is secured under a 72-month lease plus options and produces approximately $60,000 in annual rent, with 6% escalations after the current term. The property also features a fully built-out ~4,000 SF clinic space that is currently vacant, creating an ideal opportunity for an owner-user looking to operate a clinic or for an investor to lease the space. The clinic includes a fully leaded X-ray room with a dedicated technician area and proper power, 4 exam rooms, 1 physician office, 1 manager's office, a fully built-out front desk, and excess storage space. This suite represents approximately $72,000 per year in potential income, bringing total projected income to $168,000 annually, while current in-place income totals $96,000 annually.

Highlights

Listed by Nick Jaafar , 313-228-3777 Keller Williams Legacy , 313-752-0000.

Property Type

Commercial Sale

Lot/Acreage
0.54

Year Built

1950

County

Wayne

Neighborhood

Wayne City

School District

Detroit

Listing ID

20261059564

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Interior Features

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

Exterior Features

Principal Interest
$3,000
Taxes
$659

Home Price

$1,350,000

Loan Details

30 yrs
%

Down Payment

20%
$270,000
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Monthly Price:
$3,000.00

Principal

Taxes

Principal Taxes HOA Total
Monthly $3,000.00 $658.58 $0.00 $3,658.58
Yearly $36,000.00 $7,903.00 $0.00 $43,903.00
Total $1,080,000.00 $237,090.00 $0.00 $1,317,090.00

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.