USAMIDetroitBlackstone Park13403 W 7 Mile Rd
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13403 W 7 Mile Rd, Detroit, MI

Real Estate

For Sale

Listed price in listed location currency (USD).
$1,350,000

000

MLS® 20261006481

  • Key Facts
  • Description
  • Map

Key Facts

Type Other
Levels Commercial Sale
Size 6200 sqft
Garage No
HOA Fees 
Taxes $7,903
Days Active 5
Approx. Age 1950
Avg. Price Per Sqft $217
MLS® Number 20261006481

Property Address: 13403 W 7 Mile Rd, Detroit, MI, 48235-1387

Average square foot calculated using Size range provided by listing agent.

Description

Excellent investment or owner-user opportunity offering multiple income streams with upside. The property is anchored by Bank of America, which recently renewed its lease for another 60 months, with approximately 65 months remaining plus renewal options, and has occupied the location for over 10 years. The on-site ATM generates approximately $36, 000 annually. The Pharmacy, a strong and thriving tenant in place for nearly 12 years, is secured under a 72-month lease plus options and produces approximately $60, 000 in annual rent, with 6% escalations after the current term. The property also features a fully built-out ~4, 000 SF clinic space that is currently vacant, creating an ideal opportunity for an owner-user looking to operate a clinic or for an investor to lease the space. This suite represents approximately $72, 000 per year in potential income, bringing total projected income to $168, 000 annually, while current in-place income totals $96, 000 annually.
MLS® Number20261006481
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1950
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Feb 2, 2026List Date
$1,350,000List Price
-End Date
Not Sold YetSold Price

For Rent

Jun 4, 2025List Date
$3,500List Price
  • Commute

Commute

Starting Address
Destination Address
13403 W 7 Mile Rd, Detroit, MI

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