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7111 E 7 MILE East Road Detroit, MI $ 180,000
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$ 180,000 Get more info
7111 E 7 MILE East Road
$ 180,000
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Share Save

7111 E 7 MILE East Road

Detroit, MI, 48234
$ 180,000
Bedrooms-- Baths-- Sq 1,600

Monthly Estimate*

$ 1,123

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Commercial Property for sale in Detroit, MI

for $180,000. This 1,600 square foot building was built in 1956 on a lot size of 0.06.

Fully functioning barbershop & salon ready for new owner! This is a great opportunity to continue this thriving business and the potential to develop the block. This sale included the barbershop plus 5 consecutive lots! The barbershop has a great layout which included an office, a lobby, waiting room, shampoo bowel, kitchen, (mechanical room with forced air furnace and circuit breakers) and bathroom. There are 5 plus barber station and excellent parking with outside lighting.

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Commercial Active

Price

$ 180,000

Property Type

Commercial

Taxes

$ 1,472

Style

RealEstateOnly

Lot Size

0.06

Year Built

1956

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

20240014361
Features
General
Sewer PublicSewer SewerAtStreet
Heating ForcedAir NaturalGas
Possession Negotiable
Construction Materials Block
Year Built 1956
Levels One
Property Subtype RealEstateOnly
Current Use Commercial
Business Type Service
Community Features Sidewalks
Accessibility VisitorBathroom
County Wayne
Net Operating Income 57600.0
Operating Expense 14400.0
New Construction N
Property Type CommercialSale
HOA N
Attached Garage N
Subdivision Name NORTH DETROIT (PLATS)
Garage Y/N N
Building Features EmployeeLunchLounge OutsideLighting Sidewalks
Status Active
Directions 7 Mile to Property
City DetroitCity_Wayne
Senior Community Y/N N
High School District Detroit
Zoning Description Commercial
MLS Area Area05051Det68DequindreToConner
Lot Size Units Acres
Carport Y/N N
Land Lease Y/N N
Tax Annual Amount 1472.0
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Occupancy Type Owner
Tax Assessed Value 11886
TaxOtherAnnualAssessmentAmount 450.0
Expected Active Date 2024-03-07
Legal Description N SEVEN MILE RD E 10 FT 24 W 10 FT 25 N DETROIT SUB L16 P40 PLATS W C R 15/213 20 X 121
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Exterior
Water Source Public
Lot Size Area 0.06
Foundation Details Block Slab
Spa N
Building Area Total 1500.0
Lot Dimensions 20x121
Lot Size Acres 0.06
Waterfront Y/N N
Road Frontage Type Paved
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 1600.0
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Internal Only
Street Number 1 7111
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* Excluded Features
List By
Vernard Hester

Listing Agent

Hester Financial Group

Broker

(313) 917-9076

Phone

Affordability Calculator

$1,246
Per Month
90%
10%
0%
Monthly Principal & Interest
$1,123
Monthly Property Taxes
$123
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% 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
848539 Elementary School
848135 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
3/7/2024$180,000 Listed Price

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7111 E 7 MILE East Road, Detroit, MI, 48234 is a Commercial Property for sale at $180,000 with 1,600 sqft and a lot size of 0.06. 7111 E 7 MILE East Road was built in 1956. The property's zip code is 48234 which is in Detroit, MI

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