24201 W 7 MILE Road Detroit, MI ^$ 1,500,000

24201 W 7 MILE Road

^$ 1,500,000

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24201 W 7 MILE Road

Detroit, MI, 48219

^$ 1,500,000

Studio Baths0.0 Sq 2,943

Monthly Estimate*

^$ 10,478

24201 W 7 MILE Road, Detroit, MI 48219 - Image 1

Studio

Commercial Property for sale in Detroit, MI

for $1,500,000. This 2,943 square foot building was built on a lot size of 0.21.

Bar & Restaurant w/ enclosed parking lot, fully furnished basement w/ bar. Main level has two levels. The outside patio has a liquor license permit to serve drinks. The upside & Growth is very strong here, the current owner is looking to retire. So many opportunities to w/ the building and plenty of parking to work with.

Commercial Active

Price

^$ 1,500,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 6,225

Style

Commercial/Industrial

Lot Size

0.21

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

60287688

Features

General

Heating Forced Air

Possession Negotiable (Possession)

Water Public Water at Street

Status Active Active

Year Built 19

Subdivision BUNGALOHILL (PLATS) MI

County Wayne

Class COM/IND/BUS OPP

Type Commercial/Industrial

Percent Ownership Private

Municipality Detroit

Zoning Commercial

Area Detroit (82001)

Primary City Detroit

Directions 7 Mile & Telegraph

City Detroit

Street Name 7 MILE

Financial Terms Cash

Legal Description S SEVEN MILE RD W S 73 FT OF LOTS 456 THRU 461BUNGALOHILL SUB L35 P61 PLATS W C R 22/372 128 X 73

DOM 92

Postal Code 48219

Price Per Sq Ft 509.68

Coming Soon Bar & Restaurant w/ enclosed parking lot

Exterior

Exterior Brick

Frontage 50

Lot Size Area 0.21

Lot Dimensions 128.00 x 73.00

Roads Paved Street

Waterfront Y/N No

Interior

Fuel Type Natural Gas

* Excluded Features

List By

Raid Shaba

Listing Agent

Century 21 Curran & Oberski

Broker

ronshabac21@gmail.com

Affordability Calculator

$10,997

Per Month

Monthly Principal & Interest: $10,478
Monthly Property Taxes: $519
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

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Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% 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

Trends
Schools

Commerical listings in Detroit, MI

Average List Price ^$469,629

Percent of Sale Price 69%

About Detroit, MI

633,657 Population

-33% Since 2002

^$26,977 Median Income

36.23 Median Age

26% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

760529 Elementary School

760235 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
2/13/2024	$1,500,000		Listed Price

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24201 W 7 MILE Road, Detroit, MI, 48219 is a Commercial Property for sale at $1,500,000 with 2,943 sqft and a lot size of 0.21. 24201 W 7 MILE Road is a studio with 0.0 baths. The property's zip code is 48219 which is in Detroit, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% 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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24201 W 7 MILE Road

Commercial Property for sale in Detroit, MI

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