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16005 W McNichols Rd Detroit, MI 48235

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For Sale
$550,000

Retail strip with recent updates and high visibility.

Type:Retail
Property size:
5,669 SF
Price / SF:
$97/SF
Added:
Mar 31, 2026
Days on Market:
23
Last Refresh:
Apr 3 at 6:25 am

Property Features for 16005 W McNichols Rd

General Information

Standard status
Active
Size
5,669 SF
Property subtype
Retail

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Listing Contact
Jim Papalois

Listing agent Jim Papalois

Listing office Encore Real Estate Investment Services

Listing date Mar 31, 2026

Source Cpix.resimplifi

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 Encore Real Estate Investment Services


Overview

Detroit Retail Strip For Sale

This single-story retail strip offers a functional layout with multiple entrances, supporting flexible multi-tenant configurations. Located on West McNichols within an established neighborhood commercial corridor, the property benefits from strong daily traffic, excellent visibility and signage, and on-site parking with convenient ingress and egress. The property is situated in a dense trade area with approximately 21,549 residents within 1 mile, 155,615 within 3 miles, and 392,525 within 5 miles. The B2 zoning allows a broad range of commercial uses, supporting both owner-user and investor strategies. Recent capital improvements from 2022 to 2024 include a new roof in 2022 with full tear-off and all new metal decking, new plumbing and electrical in 2024, three new 5-ton N32 HVAC units in 2024, a refreshed façade, full exterior painting, and a redone parking lot. The property has a total size of 5,669 square feet. The current Net Operating Income (NOI) is $69,045, with a 12.6% cap rate.
Location Intelligence

Current Use by Public Records

Domino's Pizza Restaurant

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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  • Local Demand
City
Detroit
County
Wayne
State
Michigan
Longitude
-83.205063
Latitude
42.415582

FAQs

What type of property is this?
Strip mall - Retail strip with recent updates and high visibility.
Where is this strip mall located?
The property is located at 16005 W McNichols Rd Detroit, MI.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: High Cap Rate: Current NOI of $69,045 provides a 12.6% cap rate, indicating strong investment returns.; Recent Capital Improvements: Substantial renovations from 2022‑2024, including a new roof, plumbing, electrical, HVAC units, façade refresh, and parking lot, minimizing near‑term capital expenditures.; Low Cost Basis: Purchase price of $106 per SF offers an attractive entry point for Detroit infill retail.
More about this property
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