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    1753 Mcnichols Rd Detroit, MI 48203

    Sponsored
    For Sale
    $42,000

    0.48-acre commercial land, Detroit.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    This exceptional 0.48-acre commercial land parcel, located at 1753 E McNichols Rd, Detroit, MI 48203, presents a unique investment opportunity. Zoned B4, this property is ideally situated within a designated electric vehicle (EV) corridor, aligning perfectly with the City of Detroit's initiative to expand EV charging infrastructure and retail access. The City actively encourages development proposals incorporating both retail space and DC fast chargers, offering support through partnerships with DTE Energy to ensure sufficient electrical grid capacity. This prime location boasts high visibility and benefits from proximity to job centers, tourist attractions, and residential areas, making it an attractive site for businesses seeking to capitalize on the growing EV market. The City of Detroit is actively seeking proposals for new development that will leverage the inherent strengths of this location. This is a chance to contribute to Detroit's sustainable development and the transition towards cleaner transportation while securing a valuable asset in a rapidly evolving market. The property is owned by the City of Detroit and is offered at an asking price of $42,000. This is a rare opportunity to be part of Detroit's innovative mobility ecosystem.

    Property Features for 1753 Mcnichols Rd

    General Information

    Property type
    Land
    Lot Size
    20,909 SF

    HighLights

    • $42,000 asking price.
    • 0.48‑acre commercial land parcel.
    • B4 zoning.
    • Located at 1753 E McNichols Rd, Detroit, MI 48203.
    • City of Detroit ownership.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop 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
    -83.084506
    Latitude
    42.418675

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    FAQs

    What type of property is this?
    Land - 0.48-acre commercial land, Detroit.
    Where is this land located?
    The property is located at 1753 Mcnichols Rd Detroit, MI.
    What is the asking price?
    The asking price for this property is $42,000.
    What are key features of this property?
    This property features: $42,000 asking price.; 0.48-acre commercial land parcel.; B4 zoning.
    Request Owner's contact information
    1753 Mcnichols Rd Detroit, MI 48203
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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
    1753 Mcnichols Rd Detroit, MI 48203
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