5153 E 7 Mile Road Detroit, MI $ 1,500,000
5153 E 7 Mile Road
$ 1,500,000
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5153 E 7 Mile Road

Detroit, MI, 48234
$ 1,500,000
Bedrooms-- Baths-- Sq 3,000

Monthly Estimate*

$ 9,471

5153 E 7 Mile Road, Detroit, MI 48234 - Image 1
5153 E 7 Mile Road, Detroit, MI 48234 - Image 2
5153 E 7 Mile Road, Detroit, MI 48234 - Image 3
5153 E 7 Mile Road, Detroit, MI 48234 - Image 4
5153 E 7 Mile Road, Detroit, MI 48234 - Image 5
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Commercial Property for sale in Detroit, MI

for $1,500,000. This 3,000 square foot building was built in 1953 on a lot size of 0.09.

Prime retail investment opportunity located on highly traveled E. 7 Mile Road. This well-established business is offered at $1,500,000 and underwent a complete renovation earlier this year, making it truly turnkey. Situated in a stable, well-maintained neighborhood with a strong mix of residential and commercial development, the business enjoys excellent visibility, consistent customer traffic, and high weekly gross sales. There is substantial upside potential by expanding operations to include food service or additional product offerings (subject to applicable approvals). Whether you're an investor seeking a cash-flowing asset or an owner-operator looking for a profitable business with room to grow, this is an outstanding opportunity. Proof of funds is required prior to the release of financial information or additional business details.

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Commercial Active

Price

$ 1,500,000

Property Type

Commercial

Taxes

$ 2,486

Style

BusinessandRealEstate

Lot Size

0.09

Year Built

1953

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

20261063455

Features
General
Sewer PublicSewer
Heating ForcedAir NaturalGas
Cooling CentralAir
Possession AtClose
Garage Spaces 0.0
Construction Materials Block Brick
Year Built 1953
Levels One
Property Subtype BusinessandRealEstate
Current Use Retail
County Wayne
Net Operating Income 384000.0
Operating Expense 1536000.0
New Construction N
Property Type CommercialSale
HOA N
Attached Garage N
Subdivision Name SEYMOUR & TROESTERS POLONIA PARK SUB
Garage Y/N N
Status Active
Directions 7 mile between Mound and Ryan
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 2486.0
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
Virtual Tour https://www.propertypanorama.com/instaview/nocbor/20261063455
Standard Status Active
Occupancy Type Owner
Tax Assessed Value 29528
Expected Active Date 2026-08-11
Legal Description N SEVEN MILE ROAD 16 15 SEYMOUR & TROESTERS POLONIA PARK L46 P28 PLATS W C R 13/289 38 X 110
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Exterior
Water Source Public
Spa N
Building Area Total 3387.0
Lot Dimensions 38X110
Lot Size Acres 0.09
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 Y
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 3000.0
Above Grade Finished Area Unit Type SquareFeet
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Internal Only
Street Number 1 5153
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* Excluded Features
List By
Jonathan Farida

Listing Agent

Community Choice Realty Inc

Broker

(248) 225-5994

Phone

Affordability Calculator

$9,678
Per Month
98%
2%
0%
Monthly Principal & Interest
$9,471
Monthly Property Taxes
$207
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
8/11/2026$1,500,000 Listed Price

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5153 E 7 Mile Road, Detroit, MI, 48234 is a Commercial Property for sale at $1,500,000 with 3,000 sqft and a lot size of 0.09. 5153 E 7 Mile Road was built in 1953. The property's zip code is 48234 which is in Detroit, MI