Multi-Tenant Shopping
New
For Sale
$399,900
1612516135 16125-16135 W Mcnichols Rd, Detroit, MI 48235
Retail center with six storefronts, established tenancy, and available suites for additional occupancy.
Property Size6,400 SF
Price / SF$62.48
Days on Market2
Property Features for 1612516135 16125-16135 W Mcnichols Rd
General Information
Standard status
Active
Size
6,400 SF
Occupancy
66%
Building Details
Year Built
1946
Buildings
2
Tenancy
Multi
Listing Agency:
Own It Realty
Listed By:
Hassan Shukr · License #6501378246
(313) 395-3200
Source:
Katie-k
Added: Sep 12
Last Checked: Sep 12 at 2:18PM
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 retail center contains approximately 6,400 square feet across six storefronts on three parcels at 16125-16135 W McNichols Rd in Detroit. The property is 66% occupied, with two vacant suites of approximately 1,200 SF each. Existing layouts support retail, office, service, or owner-user occupancy, subject to applicable requirements.
Both buildings received new roofs within the last five years. Current leases extend through 2027 and 2028, and tenants reimburse water, sewer, and trash expenses. The site includes frontage along W McNichols Road and rear access, with the property located in the 48235 ZIP code.
Both buildings received new roofs within the last five years. Current leases extend through 2027 and 2028, and tenants reimburse water, sewer, and trash expenses. The site includes frontage along W McNichols Road and rear access, with the property located in the 48235 ZIP code.
Key Highlights
- Approximately 6,400 square feet across six storefronts
- 66% occupied with two vacant suites of approximately 1,200 SF each
- New roofs on both buildings within the last five years
Property Analytics
Current Use
Lease Details
66%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
291
Businesses Nearby
17k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 92%
Electronics 8%
Sunoco
Shops & Services
6,699 visits/mo
0.1 miles
Marathon
Shops & Services
5,396 visits/mo
0.5 miles
Mobil
Shops & Services
3,768 visits/mo
0.4 miles
Metro by T-Mobile
Electronics
1,301 visits/mo
0.2 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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Shopping center - Retail center with six storefronts, established tenancy, and available suites for additional occupancy.
Where is this shopping center located?
The property is located at 1612516135 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: Approximately 6,400 square feet across six storefronts; 66% occupied with two vacant suites of approximately 1,200 SF each; New roofs on both buildings within the last five years
