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16331 W 7 MILE Road

Detroit, MI 48235
  • $499,900
  • STATUS: Active
  • ON SITE: 169 Days
  • MLS #: 20240082935
UPDATED: 57 min ago
$499,900
  • 0
    BEDS
  • 0.31
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,842
    SQFT
  • $130
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1954
County:
Zoning:
Commercial
Lot Size Dimensions:
149.00 x 92.00

School Ratings & Info

School District:

Description

Prime investment opportunity! This commercial plaza features 4 units, with two already leased, providing immediate cash flow. 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.

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IDX provided courtesy of Realcomp II Ltd. via Berkshire Hathaway HomeServices Snyder & Company, Realtors® and Realcomp II Ltd.. © 2025 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than Berkshire Hathaway HomeServices Snyder & Company, Realtors® are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the 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. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2025-04-21T17:02:37.36.
www.bhhssnyder.com/homes/157468852
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16331 W 7 MILE Road Detroit, MI 48235

  • Price: $499,900
  • Status: Active
  • On Site: 169 Days
  • Updated: 57 min ago
  • MLS #: 20240082935
0
Beds
0
Baths
0
½ Baths
0.31
Acres
3,842
SQFT
$130
$/SQFT
1954
Built
Neighborhood:
COLLEGE DRIVE (PLATS)
County:
Wayne
Area:
Det - 6 To 8, Grnfld To Limits
School District:
DETROIT
Property Description
Prime investment opportunity! This commercial plaza features 4 units, with two already leased, providing immediate cash flow. 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.
Exterior Features

Architecture Level 1 Story Construction Materials BrickOther Foundation Details Slab Lot Size Dimensions 149.00 x 92.00 Road Frontage Feet 63 Road Frontage Type Paved Side Of Street W Waterfront YN No

Interior Features

Heating Cooling Forced Air Office Heating Cooling Central Air Sq Ft Main 3842

Property Features

Assessment 100.00 Commercial Type Real Estate Only Current Use NONE Existing Lease YN No Gross Scheduled Income 33000.00 Inventory Included YN No Land Contract YN No Listing Financing CashConventional Net Operating Income 25000.00 Operating Expense 8000.00 Ownership Status Short Sale - NoPrivate Owned Possession At Close Postal City Detroit Protection Period 180 Settlement City Sewer Public Sewer (Sewer-Sanitary) Short Sale No Tax Amount Summer 2621.0000 Tax Amount Winter 308.0000 Title Standard (Private) Total Tax 2929.0000 Unparsed Address 16331 W 7 MILE Road Water Source Public (Municipal) Year Remodeled 2012 Zoning Commercial

Realcomp IDX logo IDX provided courtesy of Realcomp II Ltd., via Showtime Realty: (586) 262-4775 and Realcomp, ©2025 Realcomp II Ltd. Shareholders.


IDX provided courtesy of Realcomp II Ltd. via Berkshire Hathaway HomeServices Snyder & Company, Realtors® and Realcomp II Ltd.. © 2025 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than Berkshire Hathaway HomeServices Snyder & Company, Realtors® are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the 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. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2025-04-21T17:02:37.36.
 
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