16041 W 7 Mile Road Detroit, MI $ 525,000
16041 W 7 Mile Road
$ 525,000
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16041 W 7 Mile Road

Detroit, MI, 48235
$ 525,000
Bedrooms-- Baths-- Sq 3,626

Monthly Estimate*

$ 3,275

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Commercial Property for sale in Detroit, MI

for $525,000. This 3,626 square foot building was built in 1955 on a lot size of 0.23.

Looking for a Prime Location business with high traffic volume on a major street. (Look No Further) Motivated seller offers a quality location and an exceptionally maintained building in the heart of the City. No capital improvements are needed. Currently operating as a top-of-the-line automotive detailing business. Do not limit your imagination from exploring other business ideas or creative options at this location. Consider a 1031-Exchange Purchase. You will see quality inside and out with lots of storage space. There is a Large Customer Waiting room, plus a private office and bathrooms. Solid plumbing and electrical throughout the interior and exterior. Plus, there are large work areas all through the complex. In addition, there is a laundry room, furnace room, glass-block windows, and Heavy-Duty Rolling Commercial Doors. This property checks all the boxes: Great Location and Great Condition inside and out. Don't wait; call today.

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Commercial Active

Price

$ 525,000

Property Type

Commercial

Taxes

$ 18,775

Style

BusinessandRealEstate

Lot Size

0.23

Year Built

1955

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

20251006225

Features
General
Sewer PublicSewer
Heating ForcedAir NaturalGas
Possession Negotiable
Garage Spaces 0.0
Construction Materials Block Brick
Year Built 1955
Levels One
Property Subtype BusinessandRealEstate
Current Use Commercial Service
County Wayne
Net Operating Income 360000.0
Operating Expense 180000.0
New Construction N
Property Type CommercialSale
HOA N
Attached Garage N
Subdivision Name COLLEGE DRIVE
Garage Y/N N
Status Active
Directions west 7mile to Mansfield st
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 18775.0
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 110400
Expected Active Date 2025-06-18
Legal Description S SEVEN MILE W 230 THRU 226 COLLEGE DRIVE SUB L48 P34 PLATS W C R 22/431 101 X 100
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Exterior
Water Source Public
Foundation Details Slab
Spa N
Building Area Total 3626.0
Lot Dimensions 101X100
Lot Size Acres 0.23
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 3626.0
Above Grade Finished Area Unit Type SquareFeet
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Internal Only
Street Number 1 16041
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* Excluded Features
List By
Michael J Petty

Listing Agent

Leboursia Realty Group

Broker

(248) 974-9473

Phone

Affordability Calculator

$4,840
Per Month
68%
32%
0%
Monthly Principal & Interest
$3,275
Monthly Property Taxes
$1,565
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
10/17/2025$525,000 -15.32% Price Down
6/18/2025$620,000 Listed Price

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16041 W 7 Mile Road, Detroit, MI, 48235 is a Commercial Property for sale at $525,000 with 3,626 sqft and a lot size of 0.23. 16041 W 7 Mile Road was built in 1955. The property's zip code is 48235 which is in Detroit, MI