Mixed-Use Building with
New
For Sale
$495,000
5034 E Mcnichols Rd, Detroit, MI 48212
Vacant upper-floor lofts complement two ground-level commercial suites in a two-story property.
Property Size4,800 SF
Price / SF$103.13
Days on Market3
Property Features for 5034 E Mcnichols Rd
General Information
Standard status
Active
Size
4,800 SF
Property subtype
Retail
Zoning
B-4
Site & Location
Frontage
40 ft
Corner Location
Yes
Road Access
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Building Details
Building Size
4,800 SF
Year Built
1926
Year Renovated
2021
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
NAI Farbman - Corporate
Listed By:
Wendy Acho · License #6501411463
(248) 563-0739
Source:
Naiglobal
Added: Oct 20
Changed: Oct 21
Last Checked: Oct 21 at 2:32AM
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 NAI Farbman - Corporate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-story mixed-use property contains 4,800 SF and was built in 1926, with renovation work completed in 2021. The first floor has two retail suites of 1,200 SF each, which can be combined into 2,400 SF of contiguous space. Two residential lofts occupy the upper floor, each arranged as a 2-bedroom, 1-bath unit. A 1,200 SF basement is framed for additional rooms or office space. The building is vacant and has an overhead door, city water and sewer, and natural gas.
The property has 40 feet of frontage and sits just off the signalized intersection of McNichols and Davison Street. Conley Street meets McNichols along the side street. Zoning is B-4 General Business District.
The property has 40 feet of frontage and sits just off the signalized intersection of McNichols and Davison Street. Conley Street meets McNichols along the side street. Zoning is B-4 General Business District.
Key Highlights
- 4,800 SF, two‑story building built in 1926 and renovated in 2021
- Two first‑floor retail units of 1,200 SF each, with 2,400 SF of potential contiguous space
- Two second‑floor lofts, each with a 2‑bedroom, 1‑bath layout
Property Analytics
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
342
Businesses Nearby
Explore this area
Business Placement
Demographics for 48212, MI
43,192
Population
14,739
Households
2.9
Avg Household Size
29
Median Age
16%
College-Educated
68%
High-School Grad
5.3 sq mi
ZIP Area
8,149
Density / Sq Mi
$37,293
Median Household Income
$28,894
Median Earnings
$935
Median Rent
$98,200
Median Home Value
Market
Vacancy Rate% for Retail in Detroit, MI
Frequently Asked Questions
What type of property is this?
Mixed-use property - Vacant upper-floor lofts complement two ground-level commercial suites in a two-story property.
Where is this mixed-use property located?
The property is located at 5034 E Mcnichols Rd Detroit, MI.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: 4,800 SF, two‑story building built in 1926 and renovated in 2021; Two first‑floor retail units of 1,200 SF each, with 2,400 SF of potential contiguous space; Two second‑floor lofts, each with a 2‑bedroom, 1‑bath layout
