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18216 W 7 MILE Road Detroit, MI $ 79,900
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$ 79,900 Get more info
18216 W 7 MILE Road
$ 79,900
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18216 W 7 MILE Road

Detroit, MI, 48219
$ 79,900
Bedrooms-- Baths-- Sq 1,380

Monthly Estimate*

$ 492

18216 W 7 MILE Road, Detroit, MI 48219 - Image 1
18216 W 7 MILE Road, Detroit, MI 48219 - Image 2
18216 W 7 MILE Road, Detroit, MI 48219 - Image 3
18216 W 7 MILE Road, Detroit, MI 48219 - Image 4
18216 W 7 MILE Road, Detroit, MI 48219 - Image 5
18216 W 7 MILE Road, Detroit, MI 48219 - Image 6
18216 W 7 MILE Road, Detroit, MI 48219 - Image 7
18216 W 7 MILE Road, Detroit, MI 48219 - Image 8
18216 W 7 MILE Road, Detroit, MI 48219 - Image 9
18216 W 7 MILE Road, Detroit, MI 48219 - Image 10

Commercial Property for sale in Detroit, MI

for $79,900. This 1,380 square foot building was built in 1957 on a lot size of 0.04.

Operating Restaurant Opportunity on High-Traffic Corridor – 18216 W 7 Mile Rd, Detroit, MI Seize owning a fully operational restaurant in one of Detroit’s high-visibility commercial corridors. This exceptional property at 18216 W 7 Mile Rd offers a rare combination of location, functionality, and immediate income potential. Strategically located just minutes from major thoroughfares and surrounded by residential neighborhoods, retail centers, and schools, this site offers outstanding exposure and a steady stream of local traffic. Ample parking and easy accessibility make it convenient for takeout customers. The current tenant has two years remaining on their lease, making this an excellent opportunity for an investor. Seller financing is available.

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Commercial Active

Price

$ 79,900

Property Type

Commercial

Taxes

$ 3,750

Style

RealEstateOnly

Lot Size

0.04

Year Built

1957

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

20250025062
Features
General
Sewer PublicSewer
Heating ForcedAir
Possession AtClose
Roof Asphalt
Construction Materials Brick
Year Built 1957
Electric CircuitBreakers
Levels One
Property Subtype RealEstateOnly
Current Use Restaurant
County Wayne
Net Operating Income 12000.0
Operating Expense 4800.0
New Construction N
Property Type CommercialSale
HOA N
Attached Garage N
Subdivision Name MILLDALE
Garage Y/N N
Building Features Other
Status Active
Directions West 7 Mile just West of Southfield Freeway
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 3750.0
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 Tenant
Tax Assessed Value 44100
TaxOtherAnnualAssessmentAmount 100.0
Expected Active Date 2025-04-14
Legal Description N SEVEN MILE RD W 83 EXC SEVEN MILE RD AS WD MILLDALE SUB L39 P62 PLATS W C R 22/353 23 X 83.39A
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Exterior
Water Source WateratStreet
Lot Size Area 0.04
Foundation Details Slab
Spa N
Building Area Total 1380.0
Lot Dimensions 23.00 x 83.00
Lot Size Acres 0.04
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 1380.0
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Internal Only
Street Number 1 18216
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* Excluded Features
List By
Marc P Johnson

Listing Agent

Johnson Realty Group, Llc

Broker

(313) 874-0400

Phone

Affordability Calculator

$804
Per Month
61%
39%
0%
Monthly Principal & Interest
$492
Monthly Property Taxes
$313
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
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Pricing History
DatePricePrice ChangeDescription
7/10/2025$79,900 -3.15% Price Down
4/15/2025$82,500 Listed Price

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18216 W 7 MILE Road, Detroit, MI, 48219 is a Commercial Property for sale at $79,900 with 1,380 sqft and a lot size of 0.04. 18216 W 7 MILE Road was built in 1957. The property's zip code is 48219 which is in Detroit, MI

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