19300 7 Mile RdDetroit, MI 48219

For Sale
$900,000

Thriving childcare centers, high ROI.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents two established, turn-key daycare businesses in Detroit, Michigan, totaling 6,211 square feet on a 13,620 square foot lot. Located at 19300 W Seven Mile Rd and 19155 W 7 Mile Rd, Detroit, MI 48219, these facilities boast a combined capacity for up to 92 children (ages birth to 12). The properties, built in 1954 and 1961, underwent renovations in 2023, and are fully equipped with fenced play areas, buses, and a comprehensive camera monitoring system. Currently operating at 100% occupancy, the business generates a substantial NOI of $456,944, resulting in a compelling 50.77% cap rate and a price per square foot of $144.90. The land value alone is $66 per square foot. The asking price for this exceptional package is $900,000. This presents a unique opportunity to capitalize on the significant demand for childcare in Michigan, where an estimated 44% of the population resides in areas with limited childcare options. The State of Michigan is also offering $100 million in grants to support the creation of 1,000 new childcare facilities. This business is zoned commercial and operates as a corporation. Serious inquiries only

Highlights

  • Two established daycare centers in Detroit, MI, totaling 6,211 square feet on a 13,620 square foot lot, with a combined capacity of 92 children (ages birth to 12).
  • Located at 19300 W Seven Mile Rd and 19155 W 7 Mile Rd, Detroit, MI 48219.
  • Recently renovated (2023), featuring fenced play areas, buses, and a comprehensive camera system.
  • Currently operating at 100% occupancy, generating a $456,944 NOI, a 50.77% cap rate, and a $144.90 price per square foot. Land value is $66 per square foot.
  • Asking price: $900,000. Strong growth potential due to high demand for childcare in Michigan (44% of the population in childcare deserts).

Property Details for 19300 7 Mile Rd

Property type
Investment properties, Other commercial real estate
Square Feet
6,211 SF
Class
C
Year Built/Renovated
1954/2023
Buildings
2
Stories
1
Units
2

Location Insight

City
Detroit
County
Wayne
State
Michigan
Latitude
42.4299953
Longitude
-83.2322773
19300 7 Mile Rd, Detroit, Michigan

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19300 7 Mile Rd
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