7134 – 7142 W Seven Mile
- Possibility for three retail units and four residential units. The perfect opportunities to combine commercial storefronts with residential units to meet the demand for housing and convenience.
- Community-Led Growth: Local organizations actively promote inclusive development and support small businesses.
- Local and Regional Appeal: The area attracts both nearby residents and visitors from across the city seeking specialty shops, eateries,
- and experiences.
- Streetscape Improvements: Recent multi million-dollar investments in streetscapes have transformed the area with wider sidewalks,
- better lighting, landscaping, and pedestrian-friendly design.
- Incentives for Development: City-backed initiatives, such as the Strategic Neighborhood Fund, provide resources for business development and infrastructure enhancements.
- Diverse and Engaged Community: The neighborhood boasts a mix of long-time residents and newer transplants, fostering a welcoming environment for local businesses.
- Growing Residential Base: The surrounding neighborhoods, including University District, Bagley, and Sherwood Forest, are home to middleand upper-middle-class families with disposable income.
- Proximity to Key Areas: Livernois and 7 Mile is situated near major residential neighborhoods, universities, and transportation routes making it easy for customers to visit.
- Retail and Dining: Room for more restaurants, cafés, and specialty retail shops to serve the growing community.
Property Description
The Livernois and 7 Mile neighborhood in Detroit, affectionately known as the "Avenue of Fashion," is a vibrant and culturally rich area experiencing a renaissance. This high-traffic district is home to thriving local businesses and a variety of dining options, including Kuzzo’s Chicken & Waffles, known for its iconic comfort food, and Pequeños Mexican Restaurant, offering bold and authentic flavors. The neighborhood’s resurgence presents an exceptional opportunity for a multiuse property redevelopment, combining retail spaces and four modern apartment units. The area’s growing demand for both residential and commercial spaces, paired with its lively atmosphere and community support, creates the ideal environment for an investment poised for long-term success.
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $450,000 |
| No. of Units: | 6 |
| Year Built: | 1950 |
| Lot Size: | 0.28 Acres |
| Opportunity Zone: | No |
| Price per unit: | $75,000 |
| Property Website | Click Here |
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