About This Home

This 0-bedroom, 0-bathroom commercial at 2854 E 7 Mile Road in Detroit, MI is listed for $239,900 ($30 per sqft). Built in 1954, the home offers 8,000 sqft of living space on a 0.24 acres lot.

Key Features

  • Built in 1954
  • 0.24 acre lot

Property Details

1954
Listing Description

Prime opportunity to own an impressive 8,000+ sq. ft. commercial building with excellent retail frontage in a high-traffic location. This versatile property offers exceptional visibility and endless possibilities for retail, showroom, medical, office, service, or mixed-use businesses.

The spacious layout provides ample room for expansion, multiple tenants, or the addition of complementary businesses such as a laundromat or other service-oriented operations. The property is currently home to a well-established, profitable dry-cleaning business with a loyal customer base, providing immediate income while allowing the new owner to capitalize on the building's outstanding commercial potential.

Whether you're an owner-occupant, investor, or developer, this property offers flexibility, strong exposure, and long-term value. Owner financing and an affordable land contract are available, making this an exceptional investment opportunity with significant upside potential.

Monthly Cost Estimate

$1,283/mo

20% down · 6.5% · 30 years

Principal$173
Interest$1,040
Insurance$70

Estimates only. Actual payments may vary.

Location

2854 E 7 Mile Road

Detroit, MI 48234

Leland Highlands

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 2854 E 7 Mile Road is listed at $239,900 ($30/sqft). The estimated monthly payment is $1,283 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1954, 0.24 acre lot.

This property is listed by Ahmed Arafa.

AA

Ahmed Arafa

Agent at CENTURY 21 Town & Country

Listed by CENTURY 21 Town & Country · Broker phone: (248) 608-5000 · Broker website

MLS# 50207978· Source: Multiple Listing Service MiRealSource· 165 days on PropertySimple

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2854 E 7 Mile Road, Detroit, MI 48234

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