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    17801 Mcnichols Rd Detroit, MI 48235

    For Sale
    $325,000

    Detroit Retail Property: High Visibility, Two Units

    Property size:
    3,724 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional Detroit retail investment opportunity presents a two-unit building totaling 3,724 square feet, situated on a highly visible corner lot in Wayne County. The property, located at 17801-17811 W. McNichols Rd, Detroit, MI 48235, boasts a desirable B2 zoning classification, offering versatility for a range of retail uses. Constructed in 1948, the building features a 12-foot clear height, providing ample space for various retail operations. The asking price is $325,000, translating to a price per square foot of $87.04. The 0.11-acre lot provides ample space for customer parking and potential expansion. The property consists of one building with two units and has the APN numbers 22013124-5 and 220013126. This prime location offers excellent visibility and accessibility, making it an ideal investment for savvy entrepreneurs seeking a strong return on investment in a thriving Detroit market. Don't miss this chance to acquire a well-positioned retail property with significant growth potential.

    Property Features for 17801 Mcnichols Rd

    General Information

    Property type
    Retail properties
    Square Feet
    3,724 SF
    Lot Size
    4,792 SF

    Building Details

    Year Built
    1948
    Buildings
    1
    Units
    2

    HighLights

    • 3,724 SF available for sale.
    • Two‑unit retail building.
    • High‑visibility corner lot.
    • B2 zoning.
    • 12' clear ceiling height.
    • Sale price: $325,000 ($87.04/SF).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Loving Digitals Obituary ... Commercial Printer

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.2180683
    Latitude
    42.4154302

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    FAQs

    What type of property is this?
    Retail property - Detroit Retail Property: High Visibility, Two Units
    Where is this retail property located?
    The property is located at 17801 Mcnichols Rd Detroit, MI.
    What is the asking price?
    The asking price for this property is $325,000.
    What are key features of this property?
    This property features: 3,724 SF available for sale.; Two-unit retail building.; High-visibility corner lot.
    (248) 359-0615
    Request Owner's contact information
    17801 Mcnichols Rd Detroit, MI 48235
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    17801 Mcnichols Rd Detroit, MI 48235
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