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33663225
33663236

13403 W 7 Mile Road, Detroit, MI 48235

NJ
MI 6501403947
KW Commercial Dearborn
Listed by KW Commercial Dearborn
$1,350,000
136 days on market
Updated 3 days ago

13403 W 7 Mile Road

Details
APN 2201595767
Property Type Office
Sub Type Medical Office
Square Footage 6,200
Year Built 1950
Acreage 0.540

Office | 6,200 SqFt

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.
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Listing Contacts

NJ
MI 6501403947
KW Commercial Dearborn
Listed by KW Commercial Dearborn

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Zoning

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B2 MixedMixed UseLocal Business And Residential District
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Last updated May 8, 2026 For deeper zoning details, reports are available at Zoneomics

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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.
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