19115 W 7 MILE Road Detroit, MI $ 900,000
19115 W 7 MILE Road
$ 900,000
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19115 W 7 MILE Road

Detroit, MI, 48219
$ 900,000
Bedrooms-- Baths-- Sq 2,510

Monthly Estimate*

$ 5,615

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Commercial Property for sale in Detroit, MI

for $900,000. This 2,510 square foot building was built in 1961 on a lot size of 0.08.

Excellent opportunity to own 2 turn key, state of the art, thriving children day care businesses established 25 years ago. Take advantage of millions in grants available by the State of Michigan to open 1000 new child care facilities over the next two years, which can be used for new or existing child care facilities. (Information provided). Sale includes 19115 W 7 Mile Rd Detroit, MI 48219 and 19300 W 7 Mile Rd Detroit, MI 48219 businesses only for a total asking price of $900,000 Both come fully furnished and equipped with fenced in play-scapes, buses, and camera monitoring system. Opportunity for growth is amazing as 19300 W 7 Mile is licensed for up to 35 children ages birth to 12 years old. 19115 W 7 Mile is licensed for up to 57 children for ages birth to 12 years old. It’s estimated that 44% of Michigan’s population lives in a child care desert where there are not enough options, so there is excellent growth potential in the industry for years to come! No showings or financials provided without and accepted offer.

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Commercial Active

Price

$ 900,000

Property Type

Commercial

Taxes

$ 3,154

Style

Business

Lot Size

0.08

Year Built

1961

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

20240058735

Features
General
Sewer PublicSewer
Heating ForcedAir
Possession AtClose
Year Built 1961
Levels One
Property Subtype Business
Current Use MixedUse Office Other Service
County Wayne
Net Operating Income 456944.0
Operating Expense 498189.23
New Construction N
Property Type BusinessOpportunity
HOA N
Attached Garage N
Subdivision Name BROOKLINE NO 4 (PLATS)
Garage Y/N N
Status Active
Directions TAKE 7 MILE HEADED EAST PASS EVERGREEN PROPERTY ON THE RIGHTSIDE OF STREET BETWEEN SHAFTSBERRY AND WARWICK.
City DetroitCity_Wayne
Senior Community Y/N N
High School District Detroit
Zoning Description Commercial
MLS Area Area05032Det6To8GrnfldToLimits
Lot Size Units Acres
Carport Y/N N
Land Lease Y/N N
Tax Annual Amount 3154.0
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 35347
TaxOtherAnnualAssessmentAmount 100.0
Expected Active Date 2024-08-09
Legal Description S SEVEN MILE W 1366&1365 EXC SEVEN MILE RD AS WD BROOKLINE NO 4 SUB L43 P67 PLATS W C R 22/418 40 X 83.14A
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Exterior
Water Source Public
Lot Size Area 0.08
Spa N
Building Area Total 2510.0
Lot Dimensions 40.00 x 83.00
Lot Size Acres 0.08
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 2510.0
Half Baths 0
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Internal Only
Street Number 1 19115
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* Excluded Features
List By
Leonard A Pickett III

Listing Agent

Rch Brokerage Legacy Inc

Broker

(248) 440-2268

Phone

Affordability Calculator

$5,878
Per Month
96%
4%
0%
Monthly Principal & Interest
$5,615
Monthly Property Taxes
$263
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
Pricing History
DatePricePrice ChangeDescription
8/9/2024$900,000 Listed Price

Map


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19115 W 7 MILE Road, Detroit, MI, 48219 is a Commercial Property for sale at $900,000 with 2,510 sqft and a lot size of 0.08. 19115 W 7 MILE Road was built in 1961. The property's zip code is 48219 which is in Detroit, MI