Seven-Unit Shopping
For Sale
Contact for pricing
Pending
16960 Meyers Rd, Detroit, MI 48235
Fully occupied retail center with recently renewed leases and a roof installed in 2020.
Property SizeContact for details
Days on Market143
Property Features for 16960 Meyers Rd
General Information
Standard status
Pending
Property subtype
Retail
Listing Agency:
eXp Realty LLC - Michigan
Listed By:
LaTrease Posey · License #MI
Source:
Crexi
Added: Apr 12
Changed: Aug 30
Last Checked: Sep 1 at 7:10AM
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 eXp Realty LLC - Michigan
Investment Insights
Based on property information with market context.
This seven-unit shopping center is fully occupied, providing a multi-tenant retail configuration with all units currently leased. Tenant occupancy has remained consistent, and most occupants have operated from their spaces for more than five years. Existing leases were recently extended for an additional two years, and rents were adjusted to align with market levels.
The building’s roof was installed in 2020. The property is located at 16960 Meyers Rd in Detroit, Michigan, within ZIP code 48235. The combination of seven occupied units, established tenancy, renewed lease terms, and a relatively recent roof replacement defines the property’s current operating profile.
The building’s roof was installed in 2020. The property is located at 16960 Meyers Rd in Detroit, Michigan, within ZIP code 48235. The combination of seven occupied units, established tenancy, renewed lease terms, and a relatively recent roof replacement defines the property’s current operating profile.
Key Highlights
- Seven retail units with 100% occupancy
- Most tenants have occupied their units for over five years
- Leases recently renewed for an additional two years
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,177
Businesses Nearby
42k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 63%
Shops & Services 37%
Burger King
Dining
13,308 visits/mo
0.5 miles
KFC
Dining
8,087 visits/mo
0.4 miles
Sunoco
Shops & Services
7,019 visits/mo
0.0 miles
Mobil
Shops & Services
4,163 visits/mo
0.1 miles
Domino's Pizza
Dining
3,414 visits/mo
0.3 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
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Similar Off Market Nearby
- Xtravagant Plaza — 16512 James Couzens Fwy, Detroit, MI 48221
- McShaefer Shopping Center — Detroit, MI 48235
- Michigan Secretary of State Self-service Station — 18100 Meyers Rd, Detroit, MI 48235
- DivDat Kiosk Network — 18100 Meyers Rd, Detroit, MI 48235
Frequently Asked Questions
What type of property is this?
Shopping center - Fully occupied retail center with recently renewed leases and a roof installed in 2020.
Where is this shopping center located?
The property is located at 16960 Meyers Rd Detroit, MI.
What are key features of this property?
This property features: Seven retail units with 100% occupancy; Most tenants have occupied their units for over five years; Leases recently renewed for an additional two years
