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33650905
33650906

18216 W 7 MILE RD, Detroit, MI 48219

$79,900
447 days on market
Updated 16 days ago

18216 W 7 MILE RD

Details
APN W22I017066S
Property Type Retail
Sub Type Restaurant
Square Footage 1,380
NOI $12,000
Year Built 1957
Acreage 0.040

Retail | 1,380 SqFt

Marketing description

Operating Restaurant Opportunity on High-Traffic Corridor – 18216 W 7 Mile Rd, Detroit, MI Seize owning a fully operational restaurant in one of Detroit’s high-visibility commercial corridors. This exceptional property at 18216 W 7 Mile Rd offers a rare combination of location, functionality, and immediate income potential. Strategically located just minutes from major thoroughfares and surrounded by residential neighborhoods, retail centers, and schools, this site offers outstanding exposure and a steady stream of local traffic. Ample parking and easy accessibility make it convenient for takeout customers. The current tenant has two years remaining on their lease, making this an excellent opportunity for an investor. Seller financing is available.
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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$12,000.00
$1,000.00/mo

Valuation Metrics

0
DSCR
15.02%
Cap Rate
15.02%
ROI

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