Multi-Tenant Neighborhood Retail
16125-16135 W McNichols Rd Detroit, MI 48235
For Sale
$399,900
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 Market20
Property Features for 16125-16135 W McNichols Rd
General Information
- Standard status
- Active
- Size
- 6,400 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1946
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 23 at 11:56AM
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
Location Intelligence
Current Use by Public Records
Strip malls
FAQs
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
