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    16116 W Mcnichols Rd Detroit, MI 48235

    For Lease
    $1,750 /Mo

    Commercial space with high foot traffic, great for businesses.

    Lot size:
    0.04 Acres

    Property Features for 16116 W Mcnichols Rd

    General Information

    Lot size
    0.04 Acres

    Building Details

    Year built
    1941

    Source: Prime Financial Plus Realty Agent Deanna Purifoy

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

    Overview

    Versatile Commercial Space For Rent

    This commercial space, previously used as a restaurant and salon, is located in a high-traffic area. It features a security system with cameras and central AC. Convenient parking is available just west of the building. The property offers potential for various business ventures.
    Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    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
    -83.206107
    Latitude
    42.416112

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    FAQs

    What type of property is this?
    Retail space - Commercial space with high foot traffic, great for businesses.
    Where is this retail space located?
    The property is located at 16116 W Mcnichols Rd Detroit, MI.
    What are key features of this property?
    This property features: - High-traffic location with strong foot traffic ideal for attracting customers.; - Versatile commercial space suitable for various business ventures (previously a restaurant and salon).; - Security system with cameras for enhanced safety and security.
    (313) 445-3477
    Request Owner's contact information
    16116 W Mcnichols Rd Detroit, MI 48235
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    Detroit, MI 48235
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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
    16116 W Mcnichols Rd Detroit, MI 48235
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