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Property profile & analytics
OFF-MARKET
Retail space
17801 Mcnichols Rd Detroit, MI 48235-3347
Entity Owned
10-yr Hold
Free & Clear
Property ID
US43-1793577
Property summary
AI-generated overview
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 profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1948
Total area
2,608 SF
Lot
0.07 ac (3,049 SF)
Zoning code
B2
APN
22013124-5
UPID
US43-1793577
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Loving Digitals Obituary Printing Marketing & Advertising Printing Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
30924 Community Property LLC · 10 yrs held
30924 Community Property LLC
since 2016
1 recorded transaction
Zoning & alternative use
B2 · Detroit, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Detroit submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Detroit submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2020Property tax & assessments
Tax year 2020
Tax billed
$2,615
Tax year 2020
Assessed value
$49,300
Assessed 2024
Previous assessed
$43,000
+14.7% YoY
Effective rate
5.30%
On assessed value
Total market value
$98,600
Applied tax rate
82,010.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1948
Heating
FORCED AIR
Buildings
1
Stories
1
Total area
2,608 SF
Lot
0.07 ac (3,049 SF)
Zoning code
B2
APN
22013124-5
UPID
US43-1793577
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
B2 · Detroit, MI
Zoning B2 · permitted uses
B2 · Detroit, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Detroit. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1948
Heating
FORCED AIR
Stories
1
Buildings
1
Lot
0.07 ac
Current owner
From public records · entity-resolved
30924 Community Property LLC
Entity
Free & Clear · 10 yrs held
Mailing address
17801 W MCNICHOLS RD, DETROIT, MI 48235-3347
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 12, 2016
$65,000
30924 Community Property LLC
Taurence Investment LLC
Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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