$1,350,000 for Sale

13403 w 7 mile road, detroit, MI 48235

Property 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.
General Information
Sale Price: $1,350,000
Price/SqFt: $218
Status: Active
MLS#: rcomi20261006481
Originating MLS: Realcomp2
City: detroit
Post Office: detroit
Schools: detroit
County: Wayne
Acres: 0.54
Lot Dimensions: 236X100
Size: 6,200 sq.ft.
Acreage: 0.54 est.
Year Built: 1950
Property Type: Commercial
Style:
Tax, Fees & Legal
Est. Summer Taxes:  $7,902
Est. Winter Taxes:  $1


IDX provided courtesy of Realcomp II Ltd. via Crown Real Estate Group and Realcomp II Ltd., ©2026 Realcomp II Ltd. Shareholders Listing By: Nick Jaafar of Keller Williams Legacy, Phone: (313) 752-0000
(810) 845-2899 Call Keri VanDyke for more information about this property.

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Keri VanDyke
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(810) 845-2899