Multi-Tenant Neighborhood Retail
For Sale
$399,900
16125-16135 W McNichols Rd, Detroit, MI 48235
Multi-tenant retail center with six storefronts, two vacant suites, and recent roof replacements on both buildings.
Property Size6,400 SF
Price / SF$62.48
Days on Market28
Property Features for 16125-16135 W McNichols Rd
General Information
Standard status
Active
Size
6,400 SF
Property subtype
Commercial
Occupancy
66%
Building Details
Year Built
1946
Tenancy
Multi
Listing Agency:
Own It Realty
(313) 246-4646
Listed By:
Hassan Shukr · License #6501378246
(313) 246-4646
Source:
Elliman
Added: Jul 5
Changed: Jul 23
Last Checked: Jul 31 at 8:45AM
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 Own It Realty
Investment Insights
Based on property information with market context.
This multi-tenant neighborhood retail center includes approximately 6,400 square feet across six storefront spaces, with 66% occupancy at the time of listing. The property features established tenants plus two vacant suites of approximately 1,200 square feet, offering room to increase rental income. Recent capital improvements include new roofs on both buildings within the last five years.
The center is positioned along the W. McNichols corridor with prominent road visibility and strong daily traffic counts. A rear access area is noted, and tenants reimburse water, sewer, and trash expenses.
Leases extending through 2027 and 2028 are in place, supporting in-place cash flow. The property is offered as a stabilized retail center spanning three parcels identified as 22013026, 22013027, and 22013028.001.
The center is positioned along the W. McNichols corridor with prominent road visibility and strong daily traffic counts. A rear access area is noted, and tenants reimburse water, sewer, and trash expenses.
Leases extending through 2027 and 2028 are in place, supporting in-place cash flow. The property is offered as a stabilized retail center spanning three parcels identified as 22013026, 22013027, and 22013028.001.
Key Highlights
- Multi‑tenant retail center built in 1946 with approximately 6,400 SF across six storefronts
- Currently 66% occupied with two vacant ~1,200 SF suites to increase rental income
- Recent capital improvements: new roofs on both buildings within the last five years
Property Analytics
Current Use
Lease Details
66%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
597
Businesses Nearby
45k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 84%
Shops & Services 16%
McDonald's
Dining
25,607 visits/mo
0.3 miles
Taco Bell
Dining
12,576 visits/mo
0.3 miles
Marathon Petroleum
Shops & Services
7,257 visits/mo
0.0 miles
Demographics for 48235, MI
45,188
Population
20,946
Households
2.2
Avg Household Size
39
Median Age
15%
College-Educated
91%
High-School Grad
6.2 sq mi
ZIP Area
7,288
Density / Sq Mi
$41,011
Median Household Income
$31,545
Median Earnings
$1,151
Median Rent
$79,400
Median Home Value
Market
Vacancy Rate% for Retail in Detroit, MI
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Strip mall - Multi-tenant retail center with six storefronts, two vacant suites, and recent roof replacements on both buildings.
Where is this strip mall located?
The property is located at 16125-16135 W McNichols Rd Detroit, MI.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Multi‑tenant retail center built in 1946 with approximately 6,400 SF across six storefronts; Currently 66% occupied with two vacant ~1,200 SF suites to increase rental income; Recent capital improvements: new roofs on both buildings within the last five years
