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33657025
33657026

18240 W 7 Mile Road w seven mile, Detroit, MI 48219

Elwood.Biz
Listed by Elwood.Biz
$99,000
240 days on market
Updated 3 days ago

18240 W 7 Mile Road w seven mile

Details
APN 22017061
Property Type Mixed Use, Office (+1)
Sub Type Executive Office, Storefront (+1)
Square Footage 1,659
NOI $10,000
Year Built 1957
Acreage 0.060

Mixed Use | 1,659 SqFt

Marketing description

Prime 7 Mile Rd Commercial Opportunity – Over 1,600 Sq. Ft. of Retail Space! Discover endless potential with this spacious 1,600+ sq. ft. commercial building located on highly visible 7 Mile Rd, just west of Southfield Freeway. This centrally located property offers easy access to major roads and high traffic exposure — perfect for any growing business or investor. Currently occupied by a nail salon tenant paying $1,000/month with one year remaining on the lease. The tenant is flexible and willing to stay or vacate, making this an ideal opportunity whether you’re seeking instant rental income or space for your own venture. Bring your ideas and imagination — this property is ready to be transformed into your dream business headquarters, retail center, or income-producing investment. Highlights: Over 1,600 sq. ft. of open, versatile space Excellent 7 Mile Rd visibility and traffic flow Easy access to Southfield Freeway and major routes Negotiable tenant in place – immediate income or owner-use option Don’t miss this rare chance to own a substantial commercial property in a prime Detroit corridor. Schedule your showing today and explore the possibilities!
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Listing Contacts

Elwood.Biz
Listed by Elwood.Biz

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$10,000.00
$833.33/mo

Valuation Metrics

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DSCR
10.1%
Cap Rate
10.1%
ROI

Map

Zoning

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B4 CommercialGeneral CommercialGeneral Business District
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Last updated May 8, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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