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    1850 E Mcnichols Rd Detroit, MI 48203

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    For Sale
    $110,000

    Commercial land with redevelopment potential near I-75 in Detroit.

    Lot size:
    0.41 Acres

    Property Features for 1850 E Mcnichols Rd

    General Information

    Lot size
    0.41 Acres

    Building Details

    Year built
    1983

    Source: Good Company Agent Jim Shaffer

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

    Overview

    High-Visibility Corner Lot Opportunity

    This commercial property is a corner lot with high visibility, situated just off I-75. The property has flexible M4 zoning and redevelopment potential. It features a 148-foot frontage and ample parking. The property is suited for various uses, including restaurants (with or without drive-through), banks, retail, light manufacturing, motor vehicle services, or custom commercial concepts. The existing structure can be renovated or redeveloped. The site provides space for drive-through access and signage. This location is suitable for investors or owner-users seeking a high-traffic presence with access to major roads and highways.
    Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop 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
    -83.082528
    Latitude
    42.418164

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    FAQs

    What type of property is this?
    Commercial land - Commercial land with redevelopment potential near I-75 in Detroit.
    Where is this commercial land located?
    The property is located at 1850 E Mcnichols Rd Detroit, MI.
    What is the asking price?
    The asking price for this property is $110,000.
    What are key features of this property?
    This property features: - High-visibility corner lot location just off I-75.; - Flexible M4 zoning allows for a wide variety of commercial uses.; - Excellent redevelopment potential for renovation or new construction.
    (248) 834-3030
    Request Owner's contact information
    1850 E Mcnichols Rd Detroit, MI 48203
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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
    1850 E Mcnichols Rd Detroit, MI 48203
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