www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
29541820
29541819

13403 W Seven Mile Rd, Detroit, MI 48235

NJ
MI 6501403947
KW Commercial Dearborn
Listed by KW Commercial Dearborn
$1,350,000
126 days on market
Updated 42 days ago

13403 W 7 Mile Rd, Detroit, MI 48235

Details
APN 2201595767
Property Type Office, Retail
Sub Type Bank, Medical Office (+1)
Square Footage 6,200
Units 2
Brand/Tenant Bank of America, Remedy RX Pharmacy
Price per SqFt $218
Broker Co-Op Yes
Year Built 1950
Buildings 1
Stories 1
Acreage 0.540
Zoning Commercial
Investment Type Owner/User
Ownership Private - Owned
Sale Condition For sale by owner

Multi-Tenant Retail | Bank of America & Pharmacy In Place | Vacant Clinic Suite

Marketing 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. 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.

Listing Contacts

NJ
MI 6501403947
KW Commercial Dearborn
Listed by KW Commercial Dearborn

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--

Valuation Metrics

0
DSCR
--
Cap Rate
--
ROI

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Nick Jaafar
License
6501403947
Brokerage
Keller Williams Legacy
Brokerage Phone
313) 752-0000
Title
Realtor
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591