16331 W W 7 Mile Road Detroit, MI ^$ 499,000

16331 W W 7 Mile Road

^$ 499,000

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Recently Listed

16331 W W 7 Mile Road

Detroit, MI, 48235

^$ 499,000

Bedrooms-- Baths-- Sq 3,842

Monthly Estimate*

^$ 3,151

16331 W W 7 Mile Road, Detroit, MI 48235 - Image 1

16331 W W 7 Mile Road, Detroit, MI 48235 - Image 2

16331 W W 7 Mile Road, Detroit, MI 48235 - Image 3

16331 W W 7 Mile Road, Detroit, MI 48235 - Image 4

16331 W W 7 Mile Road, Detroit, MI 48235 - Image 5

16331 W W 7 Mile Road, Detroit, MI 48235 - Image 6

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Commercial Property for sale in Detroit, MI

for $499,000. This 3,842 square foot building was built in 1954 on a lot size of 0.31.

MOTIVATED SELLER Prime investment opportunity! This commercial plaza features 4 units, with Three already leased, providing immediate cash flow. Financials will be dislcosed upon Proof of funds. Ideal for new or seasoned investors looking to expand their portfolio in commercial real estate. Plenty of potential to grow two units are also currently vacant extremely busy road with high traffic. Please do not approach the tenants. BATVAI

Commercial Active

Price

^$ 499,000

Property Type

Commercial

Taxes

^$ 4,398

Style

RealEstateOnly

Lot Size

0.31

Year Built

1954

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

20261068408

Features

General

Sewer PublicSewer

Heating ForcedAir NaturalGas

Cooling CentralAir

Possession AtClose

Garage Spaces 0.0

Construction Materials Block

Year Built 1954

Property Subtype RealEstateOnly

Current Use Commercial Retail Warehouse

County Wayne

Net Operating Income 0.0

Operating Expense 0.0

New Construction N

Property Type CommercialSale

HOA N

Attached Garage N

Subdivision Name COLLEGE DRIVE

Garage Y/N N

Status Active

Directions W 7 and Southfield FWY

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 4398.0

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/20261068408

Standard Status Active

Occupancy Type Tenant

Tax Assessed Value 36404

Expected Active Date 2026-08-26

Legal Description S W SEVEN MILE RD W 10FT 35; LOTS 34 THRU 28 EXC SEVEN MILE RD AS WD COLLEGE DRIVE SUB L48 P34 PLATS W C R 22/431 149 X 91.71A (2004 COMBINATION ITEMS: 016256-9 016260-3 10-29-03)

Exterior

Water Source Public

Foundation Details Slab

Spa N

Building Area Total 3842.0

Lot Dimensions 149X91.71

Lot Size Acres 0.31

Waterfront Y/N N

Road Frontage Type Paved

Crops Included Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Basement (Y/N) N

Air Conditioning Y/N Y

Heating Y/N Y

Fireplace Y/N N

Above Grade Finished Area 3842.0

Above Grade Finished Area Unit Type SquareFeet

Internal Only

Street Number 1 16331

* Excluded Features

List By

Daniel M Salmo

Listing Agent

Community Choice Realty Inc

Broker

(586) 480-5555

Phone

Affordability Calculator

$3,517

Per Month

Monthly Principal & Interest: $3,151
Monthly Property Taxes: $367
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly 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

Trends
Schools

Commerical listings in Detroit, MI

Average List Price ^$468,573

Percent of Sale Price 6%

About Detroit, MI

633,657 Population

-33% Since 2002

^$26,977 Median Income

36.23 Median Age

26% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

848539 Elementary School

848135 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
8/26/2026	$499,000		Listed Price

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16331 W W 7 Mile Road, Detroit, MI, 48235 is a Commercial Property for sale at $499,000 with 3,842 sqft and a lot size of 0.31. 16331 W W 7 Mile Road was built in 1954. The property's zip code is 48235 which is in Detroit, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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.

The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 8/26/2026.

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16331 W W 7 Mile Road

Commercial Property for sale in Detroit, MI

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