MI > Wayne > Detroit > 16331 W 7 Mile Road
  • MLS# 20240082935
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248-304-6700

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248-208-3883

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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 Information

Status
Active 
Address
16331 W 7 Mile Road 
City
Detroit 
Zip
48235 
Year Built
1954 
Subdivision
College Drive (plats) 
Listing Date
11/02/2024 
List Price
$499,900
Architecture
1 Story 
County
Wayne 
Above Grade SqFt
3,842 
Possession
At Close 
Price/SqFt
130.11 

School Information

School District
Detroit 

Taxes

Summer Taxes
$2,621 
Winter Taxes
$308 

Features

Current Use
None 
Zoning
Commercial 
Water
Public (Municipal) 
Sub Property Type
Commercial 
Office Heat
Central Air 
Heating
Forced Air 

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  • Market Statistics
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  • Local Business
Market Statistics
Property History
MLS Number New Status Previous Status Activity Date New List Price Previous List Price Sold Price DOM
20240082935 Mar 14 2025 11:05AM $499,900 $569,900 166
20240082935 Active Nov 2 2024 7:36PM $569,900 166
20221060930 Withdrawn Active Jan 19 2024 11:06AM 434
20221060930 Active Nov 11 2022 5:08PM $499,000 434
School Information
Local Business

Learn More About This Listing

Contact Customer Care

Mon-Fri 9am-9pm Sat/Sun 9am-7pm

248-304-6700

Contact Customer Care

Mon-Fri 9am-9pm Sat/Sun 9am-7pm

248-208-3883

By proceeding, you consent to receive calls, emails, and texts from Real Estate One and others about your inquiry and other home-related matters, but not as a condition of any purchase. To opt-out, you can reply 'stop' to texts or click the unsubscribe link in the emails. Msg/data rates may apply. View Privacy Policy.

Listing Broker

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Listing Courtesy of Showtime Realty
(586) 262-4775
Office Address 14096 Lakeside Blvd N

16331 W 7 Mile Road Detroit
Contact us
$499,900
For Sale • Acres: 0.31 • Zoning: Commercial