16331 W 7 MILE RD Detroit MI 48235 MLS #20240082935

16331 W 7 MILE RD
Detroit, MI, 48235
$499,900
Beds
0 Baths
3,842 SqFt
0.31 Acres
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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.

Property Details

Price:
$499,900
MLS #:
20240082935
Status:
Active
Beds:
0
Baths:
0
Address:
16331 W 7 MILE RD
Type:
Commercial
Subtype:
Real Estate Only
Subdivision:
COLLEGE DRIVE PLATS
Neighborhood:
05032 – Det – 6 To 8, Grnfld To Limits
City:
Detroit
Listed Date:
Nov 2, 2024
State:
MI
Finished Sq Ft:
3,842
ZIP:
48235
Lot Size:
13,504 sqft / 0.31 acres (approx)
Year Built:
1954
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Lia LoChirco

Lia LoChirco

Realtor®

Phone 586 321-9997

I’m a first-generation American with Italian roots. My journey combines family, real estate, and the American dream. Raised in a loving home, I embraced my Italian heritage and studied in Italy before returning to the US. As a mother of four, married for 30 years, my joy is family time. Real estate runs in my blood, inspired by my parents’ success in the industry. I earned my real estate license at 18, learned from a mentor at Century 21, and continued to grow at Remax. In 2022, I became the…

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Schools

School District:
Detroit

Interior

Cooling
Central Air
Heating
Forced Air

Exterior

Construction Materials
Brick, Other

Financial

Net Operating Income
$25,000
Taxes
$2,929

Map

Community

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Courtesy of Showtime Realty. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the . Detailed information about real estate listings held by brokerage firms other than LoChirco Realty, LLC include the name of the listing broker. Neither the listing company nor LoChirco Realty, LLC shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2025. . All rights reserved.
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16331 W 7 MILE RD
Detroit, MI