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    8414-8418 W Mcnichols Rd Detroit, MI 48221

    For Sale
    $297,000

    Single-story retail/office property with updated systems and ample parking.

    Lot size:
    0.10 Acres

    Property Features for 8414-8418 W Mcnichols Rd

    General Information

    Lot size
    0.10 Acres

    Source: O'Connor Real Estate Agent Vincent Mazzola

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail/Office Space in Detroit

    Located in the Marygrove/Fitzgerald Retail Corridor, the property at 8418 W. McNichols is suitable for retail and office use. Constructed in 1955, this single-story building features double retail frontage and an open floor plate. Mechanical systems were updated in 2020, including new HVAC, plumbing, and electrical. The property provides secure outdoor space and non-metered street parking. Nearby establishments include Marygrove Campus, Lou's Deli, Subway, Caribbean Citchen, Manhattan Fish and Chicken, Family Dollar, The Raw Space, 2Bright Men & Women Clothing, The School at Marygrove Elementary, Green Urban Microfarm, 3D Dance Academy, Detroit Institute for Children and CVS.
    Location Intelligence

    Current Use by Public Records

    Retail space

    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
    -83.153971
    Latitude
    42.417282

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    FAQs

    What type of property is this?
    Retail space - Single-story retail/office property with updated systems and ample parking.
    Where is this retail space located?
    The property is located at 8414-8418 W Mcnichols Rd Detroit, MI.
    What is the asking price?
    The asking price for this property is $297,000.
    What are key features of this property?
    This property features: - Prime location in the Marygrove/Fitzgerald Retail Corridor.; - Double retail frontage.; - Updated mechanical systems (HVAC, plumbing, and electrical) in 2020.
    (313) 704-2678
    Request Owner's contact information
    8414-8418 W Mcnichols Rd 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
    8414-8418 W Mcnichols Rd Detroit, MI 48221
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