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$1,350,000 for Sale

13403 w 7 mile, detroit, MI 48235

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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#: 450
City: wayne
Post Office: detroit
County: Wayne
Acres: 0.54
Lot Dim: 236X100
Size: 6,200 sq.ft.
Acreage: 0.54 est.
Year Built: 19
Property Type: Commercial/Industrial
Tax, Fees & Legal
Est. Summer Taxes:  $7,902
Est. Winter Taxes:  $1


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All information provided is deemed reliable but is not guaranteed and should be independently verified. Participants are required to indicate on their websites that the information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing By: Nick Jaafar of Keller Williams Legacy

This listing last updated: Thu, February 05, 2026 at 9:55:03 AM EST

MIRealSource Listing Data Last Updated On Thursday, April 2 2026 at 7:08am
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Listings presented by:
Nick Jaafar
Keller Williams Legacy
Call: (313) 706-7011

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