12642 E 7 Mile Road Detroit, MI $ 90,000
12642 E 7 Mile Road
$ 90,000
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12642 E 7 Mile Road

Detroit, MI, 48205
$ 90,000
Baths0.0 Sq 3,314

Monthly Estimate*

$ 629

12642 E 7 Mile Road, Detroit, MI 48205 - Image 1
12642 E 7 Mile Road, Detroit, MI 48205 - Image 2
12642 E 7 Mile Road, Detroit, MI 48205 - Image 3
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Studio

Commercial Property for sale in Detroit, MI

for $90,000. This 3,314 square foot building was built in 1951 on a lot size of 0.06.

Nestled on a dynamic corner lot, this magnificent two-story building stands as a beacon of potential and prosperity, offering an unparalleled opportunity for those ready to turn dreams into reality. With a prime location that boasts high visibility amidst bustling traffic, this property is a canvas for entrepreneurial spirits seeking to make their mark in a vibrant community. As you approach, the building's grandeur is evident, capturing attention with its well-defined architecture and impressive facade. The strategic corner placement ensures maximum exposure, making it a standout presence in the lively surroundings. Step inside, and the possibilities unfold across two spacious stories. The layout is versatile, allowing for a multitude of business concepts to flourish. Imagine the ground floor as a welcoming retail space, adorned with stylish displays or a chic cafe that beckons passersby to indulge. Ascend the staircase to the upper level, envisioning offices with panoramic views, a creative studio, or perhaps a boutique gallery showcasing local talent. The building's charm is not only in its structure but also in the promise it holds for ambitious entrepreneurs. The location is not just busy; it's a hub of opportunity. With every passing car and footfall, your venture could capture the attention of potential customers. All showings are to be guided by the owner or listing agent, providing a personalized experience that allows you to envision the future of your business within these walls. Buyers' agents are encouraged to confirm all data, ensuring that every detail aligns seamlessly with the vision you have for your dream enterprise. This building, poised at the intersection of potential and ambition, invites you to breathe life into your business aspirations. Seize the opportunity to transform this remarkable space into the embodiment of your dreams. Seller is willing to negotiate / sell the vacant lot next to the building for an additional amount. Land Contract possible. Seller is licensed agent.

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Commercial Active

Price

$ 90,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 1,324

Style

Lot Size

0.06

Year Built

1951

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

20230104262

Features
General
Sewer Public Sewer (Sewer-Sanitary) Sewer at Street
Possession At Close
Zoning Commercial
Year Built 1951
Property Type Commercial
Subdivision Name WALTHAM
Transaction Type Sale
Status Active
Short Sale No
Construction Materials Brick
Cumulative Days on Market 128
MLS Area Det 8 To Gratiot/Houston To 7
Directions At the corner of 7 Mile Road and Waltham
City Detroit
Terms Offered Cash Conventional
School District Detroit
Land Contract 0
Ownership Status Short Sale - No Private Owned
Street Name 7 MILE
Assessment 100.00
Total Sq Ft 3314
DOM 128
Taxes 1324.0000
Legal Description S SEVEN MILE RD E 147 WALTHAM SUB L42 P8 PLATS W C R 21/787 24 X 100
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Exterior
Waterfront 0
Lot Size Area 0.06
Water Source Public (Municipal) Water at Street
Foundation Slab
Lot Size Dimensions 24.00 x 100.00
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Interior
Street Suffix Road
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Internal Only
Originating MLS Realcomp II Ltd
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* Excluded Features
List By
Bob Otrompke

Listing Agent

Community Choice Realty Associates, Llc

Broker

(734) 992-5515

Phone

Affordability Calculator

$739
Per Month
85%
15%
0%
Monthly Principal & Interest
$629
Monthly Property Taxes
$110
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
848539 Elementary School
848135 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
12/16/2023$90,000 Listed Price

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12642 E 7 Mile Road, Detroit, MI, 48205 is a Commercial Property for sale at $90,000 with 3,314 sqft and a lot size of 0.06. 12642 E 7 Mile Road is a studio with 0.0 baths and was built in 1951. The property's zip code is 48205 which is in Detroit, MI