729 E 7 Mile Rd
3,800 SF Retail Building Detroit, MI 48203 $45,000 ($12/SF)
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INVESTMENT HIGHLIGHTS
- Overhead Door.
- Concrete Block Construction.
- 31' Road Frontage.
- Concrete Floors.
EXECUTIVE SUMMARY
729 E Seven Mile Road in Highland Park, Michigan is a 3,800 square foot building built in 1967. It is zoned B4, allowing many different uses. This two story, concrete block building with concrete floors has a rear overhead door, and two front entries allowing for potential dual tenant occupancy. Situated one block west of I-75, it is surround by other active businesses and is primed for redevelopment or owner occupancy.
This property has a Pro-Forma Cap Rate of 4.8%.
With a well maintained exterior and full wall mural celebrating the City, 729 E Seven Mile is an anchor property between I-75 and John R.
This property has a Pro-Forma Cap Rate of 4.8%.
With a well maintained exterior and full wall mural celebrating the City, 729 E Seven Mile is an anchor property between I-75 and John R.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
3,800 SF
Building Class
C
Year Built
1967
Price
$45,000
Price Per SF
$12
Tenancy
Single
Building Height
2 Stories
Building FAR
1.74
Lot Size
0.05 AC
Zoning
B4 - The B4 General Business District provides for business and commercial uses of a thoroughfare-oriented nature.
Frontage
31 FT on 7 Mile Rd
AMENITIES
- Bus Line
PROPERTY TAXES
Parcel Number | 09-007623 | Improvements Assessment | $0 |
Land Assessment | $0 | Total Assessment | $31,700 |