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    2431 E Mcnichols Rd Detroit, MI 48212

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    For Sale
    $249,000

    Commercial property with recent upgrades, ideal for various business needs.

    Lot size:
    0.23 Acres

    Property Features for 2431 E Mcnichols Rd

    General Information

    Lot size
    0.23 Acres

    Building Details

    Year built
    1953

    Source: @properties Christie's Int'l R E Rochester Agent Vic Shauni

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

    Overview

    Secure Commercial Property For Sale

    This commercial property features a secure building with a gated entry and reinforced doors. The property includes two full bathrooms with newly installed plumbing. A new roof was installed in 2018. The property also features an upgraded drainage system. The property is available for sale via cash or land contract.
    Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.077589
    Latitude
    42.418789

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    FAQs

    What type of property is this?
    Commercial land - Commercial property with recent upgrades, ideal for various business needs.
    Where is this commercial land located?
    The property is located at 2431 E Mcnichols Rd Detroit, MI.
    What is the asking price?
    The asking price for this property is $249,000.
    What are key features of this property?
    This property features: - Secure Building with gated entry and reinforced doors.; - Modern Infrastructure: Benefit from two full bathrooms with newly installed plumbing.; - New Roof (2018): Ensures long-term reliability for years to come.
    (248) 420-5101
    Request Owner's contact information
    2431 E Mcnichols Rd Detroit, MI 48212
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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
    2431 E Mcnichols Rd Detroit, MI 48212
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