16331 W 7 MILE RD RD Detroit, MI 48235

$499,000
16331 W 7 MILE RD RD, Detroit, MI 48235
218039370

Commercial Property for sale in Detroit, MI

for $499,000. This 1,496 square foot building was built in 1954 on a lot size of 0.31 Acre(s).

Property Information

  • $499,000
  • Commercial
  • 1,496 Square Feet
  • Taxes are $4,557
  • Retail
  • Active
  • Lot size of 0.31 Acre(s)
  • Built in 1954
  • Detroit, MI
  • Greenfield Neighborhood
  • Wayne County
  • MLS/Web ID is 218039370

Description

Great business opportunity, located on high traffic street. This shopping center has 4 stores, wonderful opportunity for someone who wants to be their own boss. Land contract available and negotiable. Renter's not informed about the sale. Current Use: SHOPPING PLAZA, Business Type: Retail, Lot Dimensions: 149X91

Interior 3

Heating Source

  • Natural Gas

Heating System

  • Forced Air
  • Hot Water Heater: Gas

Water Source

  • Municipal

Exterior 5

Construction

  • Brick

Foundation

  • Poured
  • Slab

Road Frontage

  • Interstate
  • Paved

Roof

  • Rubber

Zoning

  • Commercial

Miscellaneous 1

Acceptable Finance

  • Cash
  • Conventional
  • Land Contract

† Excluded Feature

Additional Info

<p><img src="https://images.weichert.com/mlslogoimages/rc_sml.gif" style="float:left;" alt=""/> Provided through IDX through Realcomp II Ltd. Courtesy of WEICHERT, REALTORS®” “Copyright 2014 Realcomp II Ltd. Shareholders</p> <p>&copy; 2018 Realcomp Ltd. All rights reserved.</p>

Neighborhood & Schools

School District: Detroit

 See complete school information

Listed By

Listing Agent: Diela Berisha
Broker: CENTURY 21 TOWN & COUNTRY-NORTHVILLE

16331 W 7 MILE RD RD , Detroit, MI, 48235 is a Commercial Property for sale at $499,000 with 1,496 sqft and a lot size of 0.31 Acre(s). 16331 W 7 MILE RD RD has 0.0 baths and was built in 1954. The property's zip code is 48235 which is in Detroit, MI

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Market Pricing

Average % of sale price Median % of sale price
All listings in Detroit $411,345 18 % below $275,000 45 % below
Commerical listings in Detroit $539,907 8 % above $300,000 40 % below

Get the facts about Detroit, MI!

Population 637,006
Population Growth (since 2000) -33 %
Median Income $27,031
Median Age 35.76
Households w/ Children 28 %

Residential Dwellings

  • Owned 123756
  • Vacant 69865
  • Rented 117652

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