16128 W 7 MILE Road Detroit, MI ^$ 139,000

16128 W 7 MILE Road

^$ 139,000

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16128 W 7 MILE Road

Detroit, MI, 48235

^$ 139,000

Studio Baths2.0

Monthly Estimate*

^$ 971

16128 W 7 MILE Road, Detroit, MI 48235 - Image 1

16128 W 7 MILE Road, Detroit, MI 48235 - Image 2

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16128 W 7 MILE Road, Detroit, MI 48235 - Image 7

16128 W 7 MILE Road, Detroit, MI 48235 - Image 8

16128 W 7 MILE Road, Detroit, MI 48235 - Image 9

16128 W 7 MILE Road, Detroit, MI 48235 - Image 10

16128 W 7 MILE Road, Detroit, MI 48235 - Image 11

16128 W 7 MILE Road, Detroit, MI 48235 - Image 12

16128 W 7 MILE Road, Detroit, MI 48235 - Image 13

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Studio

Commercial Property for sale in Detroit, MI

for $139,000 with 2 full baths. This building was built in 1949 on a lot size of 0.04.

Spacious commercial building for sale. Located in high foot traffic prime area off 7 Mile Rd. Building is currently being used as a Sports Lounge. Building is being sold AS-IS. Cash only.

Commercial Active

Price

^$ 139,000

Bedrooms

Studio

Full Bath

Property Type

Commercial

Taxes

^$ 837

Style

Retail/Commercial

Lot Size

0.04

Year Built

1949

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

24002046

Features

General

Sewer Public Sewer

Utilities Public Water Available Public Sewer Available Natural Gas Available Electric Available Natural Gas Connected Electric Connected Cable Connected

Possession Close Of Escrow

Construction Materials Brick

Year Built 1949

Property SubType Retail/Commercial

Tax Year 0

Gross Income 130000.0

Business Type Professional Service Retail

County Wayne

Net Operating Income 100000.0

New Construction N

Property Type Commercial Sale

Subdivision Name LONGVIEW (PLATS)

Status Active

Directions 7 Mile Rd. and Kelly Rd.

City Detroit

High School District Detroit

Zoning Description Commercial

Total Units 0

MLS Area Wayne County - 100

Lot Size Square Feet 1742.0

Waterfront Y/N N

Street Name 7 MILE

Land Lease Y/N N

Tax Annual Amount 837.0

Lease Renewal Y/N N

MLS Area Minor Wayne County - 100

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Days on Market 125

Standard Status Active

Tax Assessed Value 8441

Legal Description N SEVEN MILE W 322 EXC SEVEN MILE RD AS WD LONGVIEW SUB L43 P81 PLATS W C R 22/347 20 X 76.01

Senior Community None

Interior

Total Fireplaces 1

Total Stories 1

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N Y

Full Baths 2

Street Suffix Road

Electric On Property Y/N N

Total Baths 2

Exterior

Water Source Public

Inclusions {u'Equipment': True u'Inventory': True u'Real Estate': True}

Lot Size Area 0.04

Foundation Details Slab

Number of Buildings 1

Spa N

Building Area Total 1354.0

Lot Dimensions 20.00 x 76.00

Lot Size Acres 0.04

Road Surface Type Paved

Lot Size Units Acres

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Internal Only

Street Number 1 16128

* Excluded Features

List By

Itech Realty

Broker

kingsley@itechrealty.com

Affordability Calculator

$1,041

Per Month

Monthly Principal & Interest: $971
Monthly Property Taxes: $70
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly 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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Nearby

Trends
Schools

Commerical listings in Detroit, MI

Average List Price ^$470,754

Percent of Sale Price 239%

About Detroit, MI

633,657 Population

-33% Since 2002

^$26,977 Median Income

36.23 Median Age

26% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

3706345 Elementary School

3706341 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/22/2024	$139,000	-0.36%	Price Down
4/16/2024	$139,500	-0.36%	Price Down
1/7/2024	$140,000		Listed Price

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16128 W 7 MILE Road, Detroit, MI, 48235 is a Commercial Property for sale at $139,000 with a lot size of 0.04. 16128 W 7 MILE Road is a studio with 2.0 baths and was built in 1949. The property's zip code is 48235 which is in Detroit, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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.

Listing data provided courtesy of the Internet Data Exchange Program of MichRIC, LLC

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of MichRIC, LLC. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Information Deemed Reliable But Not Guaranteed

Data is updated as of 5/2/2024.

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16128 W 7 MILE Road

Commercial Property for sale in Detroit, MI

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