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13144/13158 W. 7 Mile Rd. Map / directions

Detroit, MI Learn More About Detroit

48221 Market info

  • MLS# 219103708
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248-304-6700

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There is an existing lease to a Day Care Center that runs thru January of 2022. The lease pays $6000 per month. The tenant pays foe all maintenance and utilities and the seller pays for all taxes + insurance. Investment Potential- this property currently has income of $72,000 per year. The taxes and insurance are approximately $12,000 per year with net operating income of $60,000 per year. The tenant/day care has been in the building for almost 4 years and has sole exclusive usage 24/7. This is one of the few buildings that is approved for and operating as a day care center. 18% return on investment at current asking price and rental income. Note: present tenant may be interested in extending lease. Contact Mike Messier for information and showings.

Property Information

Status
Active 
Address
13144/13158 W. 7 Mile Rd. 
City
Detroit 
Zip
48221 
Year Built
1955 
Business Type
Recreational, Retail, Service 
Listing Date
10/07/2019 
Architecture
1 Story 
County
Wayne 
Above Grade SqFt
7,160 
Possession
At Close 
Price/SqFt
55.73 

School Information

School District
Detroit 

Taxes

Summer Taxes
$3,728 
Winter Taxes
$404 

Features

Current Use
Day Care 
Zoning
Commercial, Office, Recreation 
Water
Municipal Water 
Sub Property Type
Commercial 
Heating
Central Air, Forced Air, Natural Gas, Zoned 

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Market Statistics
Property History
MLS Number New Status Previous Status Activity Date New List Price Previous List Price Sold Price DOM
219103708 Active Oct 8 2019 2:36PM $399,000 309
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

Listing Broker

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Listing Courtesy of Real Estate Professional Services Inc
Office Address 45500 Van Dyke

Real Estate One Family of Companies

13144/13158 W. 7 Mile Rd. Detroit
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$399,000
For Sale • Acres: 0.0 • Zoning: Commercial,Office,Recreation