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    3720 W Mcnichols Rd Detroit, MI 48221

    For Sale
    $1,500,000

    Gas station and convenience store near University of Detroit Mercy.

    Lot size:
    0.30 Acres

    Property Features for 3720 W Mcnichols Rd

    General Information

    Lot size
    0.30 Acres

    Building Details

    Year built
    1996

    Source: UBTEO Agent Ali M Farhat

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

    Overview

    Gas Station Near University

    This property is a gas station and convenience store located across from the University of Detroit Mercy. The business reports monthly sales of $65,000, lottery sales exceeding $50,000, and approximately 40,000 gallons of gas sold. The gas contract has 9 years remaining. The property features new pumps, a walk-in cooler, and an ATM.
    Insight Report Location Intelligence

    Current Use by Public Records

    Sunoco Gas Station Gas Station

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply 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
    -83.136221
    Latitude
    42.41746

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    FAQs

    What type of property is this?
    Gas station - Gas station and convenience store near University of Detroit Mercy.
    Where is this gas station located?
    The property is located at 3720 W Mcnichols Rd Detroit, MI.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: - High monthly sales: $65,000 C-Store sales and $50,000+ Lotto sales.; - Substantial monthly gas volume: 40,000 gallons.; - Prime location across from University of Detroit Mercy.
    (313) 930-5550
    Request Owner's contact information
    3720 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
    3720 W Mcnichols Rd Detroit, MI 48221
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