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Gas Station Near University
For Sale
$1,500,000

3720 W McNichols Rd, Detroit, MI 48221

Gas station and convenience store near University of Detroit Mercy.

Property Size1,538 SF
Lot Size0.30 Acres
Days on Market266

Property Features for 3720 W McNichols Rd

General Information

Standard status Active
Size 1,538 SF
Lot size 0.30 Acres
Property subtype Commercial

Taxes and HOA fees

Annual Taxes $16,405

Building Details

Building Size 1,538 SF
Year Built 1996
Listing Agency:
Listed By: Ali M Farhat
Source: Elliman
Added: Nov 28, 2025 Changed: Aug 8 Last Checked: Aug 8 at 5:43AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Ali M Farhat

Investment Insights

Based on property information with market context.

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.

Key Highlights

  • 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.

Property Analytics

Current Use

Sunoco Gas Station Gas Station

Suggested Use

Top Pick Law Firm Real Estate Agency Skin Care Clinic Electrical Service Building Supply HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

474
Businesses Nearby
46k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 61% Shops & Services 33% Home Improvements & Furnishings 6%
McDonald's Dining
23,140 visits/mo 0.3 miles
Valero Energy Shops & Services
6,793 visits/mo 0.3 miles
Little Caesars Pizza Dining
5,069 visits/mo 0.3 miles
Citgo Shops & Services
4,296 visits/mo 0.1 miles
Sunoco Shops & Services
4,122 visits/mo 0.1 miles

Demographics for 48221, MI

38,204
Population
17,452
Households
2.2
Avg Household Size
38
Median Age
29%
College-Educated
90%
High-School Grad
5.2 sq mi
ZIP Area
7,347
Density / Sq Mi
$55,583
Median Household Income
$37,019
Median Earnings
$1,174
Median Rent
$138,700
Median Home Value

Market

Vacancy Rate% for Retail in Detroit, MI

7.5% 2019
9.2% 2020
8.5% 2021
7.3% 2022
7.9% 2023
7% 2024
7% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

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.
More about this property
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