Flex Building with Fenced
12930 E McNichols Rd, Detroit, MI 48205
For Sale
$124,999
An open interior, overhead access, and separate office or customer areas support a range of commercial functions.
Property Size1,784 SF
Days on Market49
Property Features for 12930 E McNichols Rd
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Baker & Associates Realty Group LLC
Listed By:
Kelli Lewis
(586) 277-9200
Source:
Elliman
Added: Sep 26
Changed: Oct 31
Last Checked: Nov 12 at 8:16AM
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 Baker & Associates Realty Group LLC
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Investment Insights
Based on property information with market context.
This 1,980-square-foot flex building dates to 1957 and has a block exterior, an open interior, and high ceilings. Steel roll-down doors provide building access, while two separate rooms can serve as office, administrative, or customer areas. The bathroom was updated in 2024.
A fenced yard adds outdoor space for parking, storage, or equipment. The property fronts E McNichols Road in Detroit, and the supplied walk, bike, and transit scores are 54, 52, and 47, respectively.
A fenced yard adds outdoor space for parking, storage, or equipment. The property fronts E McNichols Road in Detroit, and the supplied walk, bike, and transit scores are 54, 52, and 47, respectively.
Key Highlights
- 1,980 square feet in a block building constructed in 1957
- Fenced yard offers space for parking, storage, or equipment
- Steel roll‑down doors and bay doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,677
Cap Rate
6.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$173,540
$173.5K
Cap Rate 7%
$123,957
$124.0K
Cap Rate 9%
$96,411
$96.4K
Market Conditions
NOI Build-Up for 1,784 SF
Gross rent
$13.1K $7.32/SF
− Vacancy
−$663 −$0.37/SF
EGI
$12.4K $6.95/SF
− OpEx
−$3.7K −$2.08/SF
NOI
$8.7K $4.86/SF
Area
Detroit, MI
Vacancy
5.08%
Lease Rate
$7.32 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$173,540
Cap Rate 7%
$123,957
Cap Rate 9%
$96,411
Alternative Uses
Best Use
Flex RnD
$182.9K
$160.0K – $213.4K
NOI $12,802 @ 7.0% cap · market cap 10.24%
Second Best
Industrial
$124.0K
$108.5K – $144.6K
NOI $8,677 @ 7.0% cap · market cap 6.94%
Theoretical Best
Office A
$393.6K
$344.4K – $459.2K
NOI $27,549 @ 7.0% cap · market cap 22.04%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,306
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 48205, MI
34,056
Population
17,102
Households
2
Avg Household Size
32
Median Age
9%
College-Educated
85%
High-School Grad
6.4 sq mi
ZIP Area
5,321
Density / Sq Mi
$40,612
Median Household Income
$30,833
Median Earnings
$1,149
Median Rent
$55,700
Median Home Value
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Market
Average Price Trend$/SF for Flex space in Detroit, MI
Properties on Market for Flex space in Detroit
Vacancy Rate% for Industrial in Detroit, MI
Similar Off Market Nearby
- Tastes of Kewii mobile bar — 11000 W McNichols Rd # 323, Detroit, MI 48221
- Sterlings Bestie Cakes — 11000 W McNichols Rd #300, Detroit, MI 48221
- Precise Foods & Catering — W McNichols Rd, Detroit, MI 48221
- Hot Tracks Food Services — 18237 Stansbury Ave, Detroit, MI 48235
Frequently Asked Questions
What type of property is this?
Flex space - An open interior, overhead access, and separate office or customer areas support a range of commercial functions.
Where is this flex space located?
The property is located at 12930 E McNichols Rd Detroit, MI.
What is the asking price?
The asking price for this property is $124,999.
What are key features of this property?
This property features: 1,980 square feet in a block building constructed in 1957; Fenced yard offers space for parking, storage, or equipment; Steel roll‑down doors and bay doors
