10520 W 7 Mile Road Detroit, MI ^$ 369,900

10520 W 7 Mile Road

^$ 369,900

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Recently Listed

10520 W 7 Mile Road

Detroit, MI, 48221

^$ 369,900

Bedrooms-- Baths-- Sq 2,660

Monthly Estimate*

^$ 2,336

10520 W 7 Mile Road, Detroit, MI 48221 - Image 1

Commercial Property for sale in Detroit, MI

for $369,900. This 2,660 square foot building was built on a lot size of 0.24.

REAL ESTATE ONLY! INVESTORS LOOKING TO GENERATE IMMEDIATE INCOME AND GROW THEIR REAL ESTATE PORTFOLIO--HERE IS YOUR OPPORTUNITY! THIS PROPERTY IS CURRENTLY 100% LEASED AND OPERATING AS A MECHANIC SHOP, GENERATING $3,000 PER MONTH IN RENTAL INCOME. OFFERING STABLE IN-PLACE CASH FLOW WITH POTENTIAL FOR LONG-TERM INVESTMENT VALUE. BUYERS AND BUYERS' AGENTS TO VERIFY ALL INFORMATION, INCLUDING LEASE TERMS, RENTAL INCOME, AND PROPERTY DETAILS. ALL DATA IS APPROXIMATE. PLEASE DO NOT APPROACH OR DISTURB THE OPERATING BUSINESS, OWNER, OR EMPLOYEES. CONTACT THE LISTING AGENT FOR ADDITIONAL INFORMATION AND SHOWING INSTRUCTIONS.

Commercial Active

Price

^$ 369,900

Property Type

Commercial

Taxes

^$ 5,997

Style

Commercial/Industrial

Lot Size

0.24

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

61035679

Features

General

Possession Rental Agreement

Water Public Water

Status Active Active

Year Built 19

Subdivision College Woods MI

County Wayne

Class COM/IND/BUS OPP

Type Commercial/Industrial

Ownership Private

Municipality Detroit

Zoning Commercial

Sale/Rent For Sale

Status Detail 0

Area Detroit (82001)

Primary City Detroit

Directions W 7 Mile Between Woodward Ave & John C Lodge

City Detroit

Financial Terms Cash Conventional

Legal Description N SEVEN MI RD 31 THRU 28 COLLEGE WOODS SUB L50 P33 PLATS W C R 16/387 106.5 IRREG

DOM 0

Postal Code 48221

Price Per Sq Ft Total AG 139.06

Public Remarks

Exterior

Exterior Brick

Frontage 107

Lot Size Area 0.24

Lot Dimensions 107x100

Roads Paved Street

Waterfront Y/N No

* Excluded Features

List By

Bilal Hamie

Listing Agent

Re/Max Team 2000

Broker

bhamie@ymail.com

Affordability Calculator

$2,835

Per Month

Monthly Principal & Interest: $2,336
Monthly Property Taxes: $500
Monthly Home Insurance: --

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Interest Rate

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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 ^$459,176

Percent of Sale Price 24%

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.

760529 Elementary School

760235 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
10/2/2026	$369,900		Listed Price

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10520 W 7 Mile Road, Detroit, MI, 48221 is a Commercial Property for sale at $369,900 with 2,660 sqft and a lot size of 0.24. The property's zip code is 48221 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.

Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.

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10520 W 7 Mile Road

Commercial Property for sale in Detroit, MI

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