13403 W 7 Mile Road Detroit, MI $ 1,350,000
13403 W 7 Mile Road
$ 1,350,000
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13403 W 7 Mile Road

Detroit, MI, 48235
$ 1,350,000
Bedrooms-- Baths-- Sq 6,200

Monthly Estimate*

$ 8,312

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Commercial Property for sale in Detroit, MI

for $1,350,000. This 6,200 square foot building was built on a lot size of 0.54.

Excellent investment or owner-user opportunity offering multiple income streams with upside. The property is anchored by Bank of America, which recently renewed its lease for another 60 months, with approximately 65 months remaining plus renewal options, and has occupied the location for over 10 years. The on-site ATM generates approximately $36,000 annually. The Pharmacy, a strong and thriving tenant in place for nearly 12 years, is secured under a 72-month lease plus options and produces approximately $60,000 in annual rent, with 6% escalations after the current term. The property also features a fully built-out ~4,000 SF clinic space that is currently vacant, creating an ideal opportunity for an owner-user looking to operate a clinic or for an investor to lease the space. This suite represents approximately $72,000 per year in potential income, bringing total projected income to $168,000 annually, while current in-place income totals $96,000 annually.

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Commercial Active

Price

$ 1,350,000

Property Type

Commercial

Taxes

$ 7,903

Style

Commercial/Industrial

Lot Size

0.54

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

60967450

Features
General
Possession At Close
Water Public Water
Status Active Active
Year Built 19
Subdivision Blackstone Park MI
County Wayne
Class COM/IND/BUS OPP
Type Commercial/Industrial
Ownership Private
Municipality Wayne
Zoning Commercial
Sale/Rent For Sale
Status Detail 0
Area Wayne (82083)
Primary City Detroit
Directions W Hartwell / E Snowden
City Detroit
Financial Terms Cash Conventional
Legal Description S SEVEN MILE W 22 THRU 12 BLACKSTONE PARK SUB L45 P51 PLATS W C R 22/286 236 X 100
DOM 17
Postal Code 48235
Price Per Sq Ft Total AG 217.74
Public Remarks Excellent investment or owner-user opportunity offering multiple income streams with upside. The property is anchored by Bank of America which recently renewed its lease for another 60 months
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Exterior
Frontage 236
Lot Size Area 0.54
Lot Dimensions 236X100
Roads Paved Street
Waterfront Y/N No
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* Excluded Features
List By
Nick Jaafar

Listing Agent

Keller Williams Legacy

Broker

njaafar@kw.com

Email

Affordability Calculator

$8,971
Per Month
93%
7%
0%
Monthly Principal & Interest
$8,312
Monthly Property Taxes
$659
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
760529 Elementary School
760235 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
2/3/2026$1,350,000 Listed Price

Map


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13403 W 7 Mile Road, Detroit, MI, 48235 is a Commercial Property for sale at $1,350,000 with 6,200 sqft and a lot size of 0.54. The property's zip code is 48235 which is in Detroit, MI