Operating Restaurant Opportunity on High-Traffic Corridor - 18216 W 7 Mile Rd, Detroit, MIA;Seize owning a fully operational restaurant in one of Detroit's high-visibility commercial corridors. This exceptional property at 18216 W 7 Mile Rd offers a rare combination of location, functionality, and immediate income potential. Strategically located just minutes… Read More from major thoroughfares and surrounded by residential neighborhoods, retail centers, and schools, this site offers outstanding exposure and a steady stream of local traffic. Ample parking and easy accessibility make it convenient for takeout customers. The current tenant has two years remaining on their lease, making this an excellent opportunity for an investor. Seller financing is available. Read Less
Provided through IDX through Realcomp II Ltd. Courtesy of Johnson Realty Group, LLC, (313) 874-0400
Listing Snapshot
Days Online
358
Last Updated
Property Type
Commercial
Square Ft.
1,380
Lot Size
0.04 Acres
Year Built
1957
MLS Number
20250025062
30 Days Snapshot Of 48219
$100k
+19%
(avg) sold price
36
-28%
homes sold
83
+23%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Paved
Building
Built in 1957, 1,380 total square feet, 1,380 main square feet, Unit count: 0, Brick
Foundation
Slab
Water Features
Natural Gas, Water at Street
Lot
Lot size area: 0.04, Lot size dimensions: 23.00 x 83.00
Miscellaneous
Gross scheduled income: $16,800, Net operating income: $12,000, Operating expense: $4,800, Real Estate Only
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