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Jenn Smart

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13403 W 7 Mile , Detroit, MI 48235
$1,350,000
Est. Payment: $7,035.04/mo
0 Bed
0 Bath
6200 Sqft
Status: active | Days on site: 33
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VCR-C15903466 - VCR-C159091383,VCR-C159052275
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House 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. The clinic includes a fully leaded X-ray room with a dedicated technician area and proper power, 4 exam rooms, 1 physician office, 1 manager's office, a fully built-out front desk, and excess storage 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.

Highlights

Listed by Nick Jaafar , 313-228-3777 Keller Williams Legacy , 313-752-0000. MiRealSource, Inc. mls logo

Property Type

Commercial Sale

Lot/Acreage
0.54

Year Built

19

County

Wayne

Area

Wayne (82083)

Neighborhood

Blackstone Park

Listing ID

61016462

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Above Ground Sq Ft:6200
Water:Public Water

Exterior Features

Lot Dimensions:236X100
Zoning:Commercial
Principal Interest
$7,035
Taxes
$659

Home Price

$1,350,000

Loan Details

30 yrs
6.792%

Down Payment

20%
$270,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$7,035.04

Principal

Taxes

Principal Taxes HOA Total
Monthly $7,035.04 $658.58 $0.00 $7,693.62
Yearly $84,420.45 $7,903.00 $0.00 $92,323.45
Total $2,532,613.60 $237,090.00 $0.00 $2,769,703.60
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So-Crates Johnson
Dust, Wind, Dude
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Market insight data is pulled from the same city as the listing being viewed (Detroit, MI).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

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Copyright 2026 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.

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Data last updated: 2026-09-02T03:11:55.100Z

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