Renovated Market with Liquor
7120 W McNichols Rd, Detroit, MI 48221
Turnkey market opportunity near University of Detroit Mercy.
Type:Retail
Property size:
4,800 SFPrice / SF:
$208/SF- Added:
- Mar 6, 2026
- Days on Market:
- 114
- Last Refresh:
- Mar 16 at 3:05 pm
Property Features for 7120 W McNichols Rd
General Information
- Standard status
- Active
- Size
- 4,800 SF
- Property subtype
- Retail
Listing office Michigan Business Broker
Listing date Mar 6, 2026
Source Crexi
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 Michigan Business Broker
HighLights
- Includes real estate, all equipment, and a transferable Wayne County SDD liquor license.
- Located on high‑visibility W. McNichols Road near the University of Detroit Mercy.
- Approximately 4,800 square feet of space with excellent street presence.
- Benefits from steady student, faculty, and neighborhood traffic.
- Eight parking spaces for convenient customer access.
- Opportunity to relaunch under a new brand or continue as a liquor store, market, or specialty retail concept.
Overview
This is a rare opportunity to acquire the newly rebranded One of a Kind Market, a fully renovated former liquor store situated along a high-visibility Detroit corridor. The sale encompasses the real estate, all equipment, and a transferable Wayne County SDD liquor license. Strategically positioned on busy W. McNichols Road, near the University of Detroit Mercy and close to the former Marygrove College campus, the location benefits from consistent traffic from students, faculty, and the surrounding neighborhood. The property features approximately 4,800 square feet, providing excellent street presence and strong daily drive-by exposure. A nearby signalized intersection improves access and visibility. The site includes eight parking spaces for customer convenience. This is an asset sale. The business is currently closed, presenting a new owner with the chance to relaunch under their own brand or continue operations as a liquor store, market, or specialty retail concept. Potential business uses include a liquor store serving the college and surrounding residential market, a neighborhood market or grocery store, a convenience store, a specialty food store, or a retail concept targeting the student population.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $89.3k | $18.60 |
| − Vacancy | −$4.8k | −$1.00 |
| EGI | $84.5k | $17.60 |
| − OpEx | −$21.1k | −$4.40 |
| NOI | $63.3k | $13.20 |
4,800 SF · lease $18.60/SF/yr · vacancy 5.40% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$904.9K
$791.8K – $1.06M
NOI $63,344 @ 7.0% cap · market cap 6.33%
Second Best
Retail
$844.6K
$739.0K – $985.4K
NOI $59,121 @ 7.0% cap · market cap 5.91%
Theoretical Best
Office A
$1.06M
$926.5K – $1.24M
NOI $74,123 @ 7.0% cap · market cap 7.41%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Grocery and convenience stores
Similar Places Nearby
- Savon Foods Super Market — 18000 Livernois, Detroit, MI 48221
Location Insight
- Map
- Local Demand
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Longitude
- -83.028977
- Latitude
- 42.418436
Nearby Similar for Sale
FAQs
What type of property is this?
Grocery and convenience store - Turnkey market opportunity near University of Detroit Mercy.
Where is this grocery and convenience store located?
The property is located at 7120 W McNichols Rd Detroit, MI.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: Includes real estate, all equipment, and a transferable Wayne County SDD liquor license.; Located on high‑visibility W. McNichols Road near the University of Detroit Mercy.; Approximately 4,800 square feet of space with excellent street presence.
