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Renovated Retail Building in Detroit
For Sale
$250,000

16122 Meyers Rd, Detroit, MI 48235

3,515 SF renovated retail building with fenced outdoor area.

Property Size3,515 SF
Price / SF$71.12
Days on Market195

Property Features for 16122 Meyers Rd

General Information

Standard status Active
Size 3,515 SF
Property subtype Retail - Freestanding

Building Details

Building Size 3,515 SF
Year Built 1955
Year Renovated 2024
Units 2
Listing Agency: P.A. Commercial
Listed By: Kevin Bull
Source: Commercialcafe
Added: Mar 26 Changed: Oct 6 Last Checked: Oct 5 at 3:29PM

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 P.A. Commercial

Investment Insights

Based on property information with market context.

This 3,515 square foot property is suitable for retail and free-standing building users. Renovated in 2024, it features an open floor plan, a new furnace with AC, a new water heater, and a new roof. The building has a double unit configuration, with one side measuring 34 feet by 62 feet and the other side measuring 18 feet by 62 feet. It includes two restrooms and two front and back doors. A 53-foot by 30-foot fenced-in area in the back offers potential for outdoor space utilization. Potential uses include a coffee roastery, restaurant, salon, studio, office, or clinic. The property has easy access from the side alley off Meyers Road and is near M-10/The Lodge Freeway, in the Detroit area. A coffee roaster is also available for sale.

Key Highlights

  • Prime location suitable for retail or free‑standing building use.
  • Recently renovated in 2024 with new furnace and AC, water heater, and roof.
  • Versatile open floor plan with double unit configuration (34’ x 62’ and 18’ x 62’)

Property Analytics

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Current Use

Retail space

Suggested Use

Top Pick Law Firm Dental Office Real Estate Agency Skin Care Clinic HVAC Service Cafe & Coffee Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,029
Businesses Nearby
26k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 82% Dining 18%
Sunoco Shops & Services
7,019 visits/mo 0.3 miles
Sunoco Shops & Services
5,693 visits/mo 0.5 miles
Mobil Shops & Services
4,163 visits/mo 0.4 miles
Domino's Pizza Dining
3,414 visits/mo 0.4 miles
O'Reilly Auto Parts Shops & Services
3,200 visits/mo 0.5 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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Retail in Detroit, MI

7.5% 2019
9.2% 2020
8.5% 2021
7.3% 2022
7.9% 2023
7% 2024
7% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - 3,515 SF renovated retail building with fenced outdoor area.
Where is this retail space located?
The property is located at 16122 Meyers Rd Detroit, MI.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Prime location suitable for retail or free‑standing building use.; Recently renovated in 2024 with **new furnace and AC, water heater, and roof.**; Versatile open floor plan with double unit configuration (34’ x 62’ and 18’ x 62’)
More about this property
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