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    16166 Meyers Rd Detroit, MI 48235

    For Sale
    $199,899

    Real Estate Only - Detroit, MI

    Property size:
    1,607 SF
    Lot size:
    0.05 Acres
    Days on Market:
    81
    Last Refresh:
    Dec 13 at 9:06 am

    Property Features for 16166 Meyers Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial
    APN
    16046110
    Size
    1,607 SF
    Lot size
    0.05 Acres

    Taxes and HOA fees

    Expense value
    100000
    Expense
    Security Deposit
    Expense freq.
    Once

    Building Details

    Year built
    1953
    Year renovated
    2022
    Floors in Building
    1
    Building materials
    Brick, Stone, Stucco
    Architectural style
    Other

    Keller Williams Realty Macomb-St. Clair Market Center (586) 949-0200 [email protected]

    Listing agent Ryan Maceri (586) 949-0200

    Listing date Sep 24, 2025

    MLS# 20251006827 Listing URL

    Copyright © 2025 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Renovated Commercial Space in Detroit

    This fully remodeled commercial building in Detroit offers 1,607 square feet of space, making it suitable for an event space, social club, lounge, or retail venture. The property is zoned B2 Commercial. It features an open layout with upscale finishes, elegant lighting, and stylish flooring throughout. Newer HVAC, roof, and AC systems are in place. Security is enhanced with a full camera system and alarm. The property includes street parking, along with a fenced-in rear area for additional parking. The lot size is 0.05 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Lotus Private Social ... Lounge

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.1694709
    Latitude
    42.4105869

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    FAQs

    What type of property is this?
    Retail space - Remodeled Detroit commercial building suitable for retail or event space.
    Where is this retail space located?
    The property is located at 16166 Meyers Rd Detroit, MI.
    What is the asking price?
    The asking price for this property is $199,899.
    What are key features of this property?
    This property features: - Fully renovated, turnkey commercial space (1,607 sq ft) ready for immediate occupancy.; - B2 zoning ideal for event space, social club, lounge, or retail.; - Newer HVAC, roof, and AC systems.
    (586) 949-0200
    Request Owner's contact information
    16166 Meyers Rd Detroit, MI 48235
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    Detroit, MI 48235
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    16166 Meyers Rd Detroit, MI 48235
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