Sold
5207 E 7 Mile Road, Detroit, MI 48234
Sold on 12/17/2025 for$50,000
MLS # 20251054068 (Realcomp)
Built 19650.2 acres
1 / 18
Listing Description
Fantastic business opportunity in the heart of Metro Detroit! This fully equipped, turn-key restaurant offers high visibility on a busy, high-traffic corridor. The kitchen comes complete with all major equipment, allowing a new owner to start operating immediately. The menu can support a variety of options, including fried chicken, burgers, seafood, rice bowls, desserts, and more, perfect for a versatile fast-casual concept.The current owner has done no advertising, leaving tremendous room for growth. Add delivery services, catering, or local marketing to increase revenue quickly. Strong online presence potential and excellent location exposure make this an ideal venture for an owner-operator or investor. Don’t miss this profitable, ready-to-run opportunity!
Source: SparkMLS
About this home
This home sold for $50,000.
Property tax estimate: $4,216 per year ($351/month). Estimate is based on county assessor records and current millage rates; actual tax may vary with PRE status and recent assessment changes.
Electric service is provided by DTE Electric Company; natural gas by DTE Gas Company. Fiber internet is available at this address with download speeds up to 1,200 Mbps across 8 providers.
Listing Property Details
Property TypeCommercial Sale
Property SubtypeBusiness Opportunity
Bathrooms0
Lot Size0.2 acres
Year Built1965
Location
CityDetroit
Zip Code48234
CountyWayne
School DistrictDetroit
Construction & Systems
ConstructionBrick
BasementBasement
HeatingForced Air
WaterPublic
Sale & Financing
Listed11/13/2025
Sold Date12/16/2025
Source: SparkMLS
Tax Information
Annual Tax$3,895
Tax Year2025
State Equalized Value$51,300
Assessed Value$51,300
Parcel #13008567-70
Source: Public Records
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Iftihaz Hussain
Amin Realty
Frequently Asked Questions about 5207 E 7 Mile Road, Detroit, MI 48234
Which school district serves 5207 E 7 Mile Road, Detroit, MI 48234?
Per MLS# 20251054068, 5207 E 7 Mile Road, Detroit, MI 48234 is in the Detroit boundaries. School district assignments are determined by property location and may differ from the mailing city. Contact Detroit directly to confirm enrollment eligibility.
Can I use a USDA Rural Development loan for this property?
Per USDA Rural Development boundary data, 5207 E 7 Mile Road, Detroit, MI 48234 is not in an eligible area. USDA eligibility is based on property location — properties within designated urban zones are excluded. Other low-down-payment options (FHA, VA) may still be available.
Is 5207 E 7 Mile Road, Detroit, MI 48234 in a flood zone?
Per FEMA flood maps, this property is designated as Zone X, a minimal-risk flood area. Flood insurance is not typically required in this zone but may still be advisable. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
What internet service is available at this address?
Per FCC Broadband Data Collection filings, fiber internet is available at 5207 E 7 Mile Road, Detroit, MI 48234. The maximum advertised download speed is 1.2 Gbps. 8 internet providers serve this address. Confirm availability and speeds directly with providers.
What utilities serve 5207 E 7 Mile Road, Detroit, MI 48234?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: DTE Gas Company. Water: Public. Confirm service details directly with providers.
What is the crime rate in this area?
For crime and public safety data, we recommend inquiring directly with the source. Wayne County is served by CLEMIS (Courts and Law Enforcement Management Information System), which provides public safety data for Southeast Michigan law enforcement agencies.
Map
Tax Estimate
$
Annual tax$4,216
Monthly$351
Millage rate82.1844 mills
Municipality: Detroit
School district: DETROIT CITY SCHOOL DISTRICT
County: Wayne
Estimate based on SEV for a new buyer (taxable value resets to SEV on transfer). Actual taxes may vary. MI Treasury PT Estimator
Mortgage Calculator
$
%
$
$
$
Monthly payment$676
Principal & interest$324
Property taxes$351
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Internet
FiberDownload
1.2 Gbps
Upload
1 Gbps
CableFiberGSO SatelliteSatelliteLicensed Fixed WirelessDSL
8 providers at this address
FCC Broadband Data Collection (Dec 2025). Max advertised speeds.
Utilities
DTE Electric Company
Investor-Owned
DTE Gas Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
5207 E 7 Mile Road, Detroit, MI 48234
View full property history →
Neighborhood
Pershing
View all listings →
Community
Detroit
Explore neighborhoods →
County
Wayne County
View county overview →
Get email alerts for new listings near 5207 E 7 Mile Road
We'll notify you when something hits the market in Pershing or nearby.
Munro Real Estate · MI Broker #6502405404 · No spam, one-click unsubscribe.