Storefront Property with
For Lease
$5,500/Mo
7442 W Mcnichols Rd, Detroit, MI 48221
Retail storefront near the Livernois-McNichols corridor with a basement and access to two nearby free parking lots.
Space SizeContact for details
Days on Market129
Property Features for 7442 W Mcnichols Rd
General Information
Standard status
Active
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$4,957
Amenities
basement
Building Details
Year Built
1962
Listing Agency:
(313) 623-4068
Listed By:
Enisha Brooks · License #6501399491
(313) 623-4068
Source:
Elliman
Added: Apr 24
Changed: Aug 29
Last Checked: Aug 29 at 8:24PM
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 Enisha Brooks
Investment Insights
Based on property information with market context.
This storefront property at 7442 W McNichols Rd offers a largely completed interior with building work performed according to code. The property also includes a basement, providing additional space within the building.
The site is positioned in Detroit’s Live6 Strategic Neighborhood Fund area and the Fitzgerald neighborhood, near the Livernois-McNichols corridor, Avenue of Fashion, and Bagley. Nearby businesses include Detroit Pizza Bar, First Merchants Bank, Alcove and Mockery, and Detroit Sip. University of Detroit Mercy and Marygrove College are also in close proximity. Two free parking lots are located across from the building, while the property itself does not include an on-site parking lot.
The site is positioned in Detroit’s Live6 Strategic Neighborhood Fund area and the Fitzgerald neighborhood, near the Livernois-McNichols corridor, Avenue of Fashion, and Bagley. Nearby businesses include Detroit Pizza Bar, First Merchants Bank, Alcove and Mockery, and Detroit Sip. University of Detroit Mercy and Marygrove College are also in close proximity. Two free parking lots are located across from the building, while the property itself does not include an on-site parking lot.
Key Highlights
- Storefront property at 7442 W McNichols Rd in Detroit, MI 48221
- Basement included with the building
- Building work completed according to code
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
521
Businesses Nearby
47k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 59%
Shops & Services 35%
Home Improvements & Furnishings 6%
McDonald's
Dining
23,140 visits/mo
0.2 miles
Valero Energy
Shops & Services
6,793 visits/mo
0.2 miles
Family Dollar
Shops & Services
5,693 visits/mo
0.3 miles
Little Caesars Pizza
Dining
5,069 visits/mo
0.2 miles
Sunoco
Shops & Services
4,122 visits/mo
0.4 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
Lease Benchmarks for Detroit, MI
$15.32 /SF/Yr
Avg Asking Price
$5.35–$32.73 /SF/Yr
Price Range
4,355 SF
Avg Space Size
Vacancy Rate% for Retail in Detroit, MI
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Retail storefront near the Livernois-McNichols corridor with a basement and access to two nearby free parking lots.
Where is this storefront property located?
The property is located at 7442 W Mcnichols Rd Detroit, MI.
What is the lease rate?
The lease rate is $5,500/Mo.
What are key features of this property?
This property features: Storefront property at 7442 W McNichols Rd in Detroit, MI 48221; Basement included with the building; Building work completed according to code
