20757 W 7 MILE RD Detroit, MI $ 249,000
20757 W 7 MILE RD
$ 249,000

20757 W 7 MILE RD Detroit, MI, 48219

$ 249,000
Bedrooms Baths0.0 Sq 2,000

Monthly Estimate*

$ 995

How much can I afford?
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Commercial Property for sale in Detroit, MI

for $249,000. This 2,000 square foot building was built in 1954 on a lot size of 0.29 Acre(s).

EXISTING BUSINESS AND LAND INCLUDED. MANY POTENTIAL USES AS AN AUTO DEALERSHIP, GARAGE AND MECHANIC SHOP PROPERTY HAS 3 BAYS AND OFFICE BUILDING LOCATED ON THE BUSY 7 MILE ROAD. THE PROPERTY INCLUDES ALL THE EXISTING AUTO EQUIPMENTS AND SECURITY SYSTEM. ALSO ROOF HAS BEEN RECENTLY UPDATED IN 2017 AND GARAGE BAYS WERE ALSO UPDATED AS NEEDED WITH NEW BAY DOOR. THE FACILITY CAN ALSO ACCOMMODATE MANY AUTOS IN A VISIBLE FENCED SURROUNDING FOR DRIVE-BY AND WALK-BY CUSTOMERS. SELLER IS MOTIVATED TO SELL CASH OR IS WILLING TO FINANCE WITH A LAND CONTRACT: $100K DOWN PAYMENT AND TERMS ARE NEG. TO ACCOMMODATE THE BUYER. PAYMENT BALLON WILL MATURE IN 60 MONTHS. ESTIMATED MONTHLY PAYMENT IS APPROXIMATELY $2000+. AFTER 60 MONTHS, BUYER'S BALANCE OF FULL PAYMENT IS DUE. DO NOT APPROACH EMPLOYEES OR ANY PERSONALL ONSITE. DRIVE BY TO SEE THIS BUSY PROPERTY. Current Use: AUTO GARAGE WITH 3 BAYS, Business Type: Service, Lot Dimensions: 126.50X100.00

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Commercial Active

Price

$ 249,000

Property Type

Commercial

Taxes

$ 3,278

Style

Service

Lot Size

0.29 Acre(s)

Year Built

1954

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

219000440

Features
Interior
Heating Source Natural Gas
Heating System Forced Air Hot Water Heater: Gas
Water Source Municipal
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Exterior
Construction Block Brick
Foundation Poured Slab
Road Frontage Gravel Road Paved
Roof Asphalt Roof
Zoning Commercial
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Miscellaneous
Acceptable Finance Cash Land Contract Lease Option
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* Excluded Features
List By
Jee (Ricky) Lee y

Listing Agent

Hoa Professional Group Llc

Broker


Affordability

$ 1,268 per month
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Monthly Principal & Interest
$995
Monthly Property Taxes
$273
Monthly Home Insurance
--

Default based on a 30-year fixed rate of 4.38% 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
Detroit School District
Pricing History
DatePricePrice ChangeDescription
3/14/2019$249,000 -10.75 % Price Down
1/9/2019$279,000 Listed Price

Map


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20757 W 7 MILE RD , Detroit, MI, 48219 is a Commercial Property for sale at $249,000 with 2,000 sqft and a lot size of 0.29 Acre(s). 20757 W 7 MILE RD has 0.0 baths and was built in 1954. The property's zip code is 48219 which is in Detroit, MI