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    8544 Mcnichols Rd Detroit, MI 48221

    Sponsored
    For Sale
    $279,999

    Prime Detroit location, high-traffic retail space.

    Property size:
    1,900 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This 1,900 square foot industrial property, situated on a 0.06-acre lot at 8544 W. McNichols in Detroit, MI, presents a compelling investment opportunity. Ideally located within the Marygrove/Fitzgerald Retail Corridor, this building boasts double retail frontage and an open floor plan, perfect for a variety of uses, including retail and office space. The property includes three office spaces and two handicap-accessible restrooms, enhancing its functionality and accessibility. Ample storage is available in the basement, providing additional utility. Significant upgrades were completed in 2021, encompassing a comprehensive overhaul of the HVAC, plumbing, and electrical systems, ensuring modern and efficient operation. Parking is conveniently provided with two rear parking spaces supplemented by readily available non-metered street parking. The property benefits from a strong neighborhood presence, with nearby establishments including Marygrove Campus, Lou's Deli, Subway, Caribbean Kitchen, Manhattan Fish and Chicken, Family Dollar, The Raw Space, and 2Bright Men & Women Clothing, contributing to high foot traffic and visibility. Proof of funds is required for all showings. Attractive land contract terms are available, requiring a 50% down payment on the $279,999 purchase price. This property offers a unique blend of location, functionality, and recent upgrades, making it an exceptional investment prospect.

    Property Features for 8544 Mcnichols Rd

    General Information

    Property type
    Industrial properties
    Square Feet
    1,900 SF
    Lot Size
    2,614 SF

    Building Details

    Year Built
    1919
    Property Profile Location Intelligence

    Current Use by Public Records

    Ready Clean Hand ... Car Wash The Craft Shop Event Venue Strong CD Accounting Tax Preparation Service

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.15582
    Latitude
    42.41729

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    FAQs

    What type of property is this?
    Industrial property - Prime Detroit location, high-traffic retail space.
    Where is this industrial property located?
    The property is located at 8544 Mcnichols Rd Detroit, MI.
    What is the asking price?
    The asking price for this property is $279,999.
    (248) 914-3682
    Request Owner's contact information
    8544 Mcnichols Rd Detroit, MI 48221
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    Detroit, MI 48221
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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
    8544 Mcnichols Rd Detroit, MI 48221
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