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    16122 Meyers Rd Detroit, MI 48235

    Sponsored
    For Sale
    $250,000

    3,515 SF Retail Building, Vacant, Renovated

    Property size:
    3,515 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This 3,515-square-foot retail building, located at 16122 Meyers Rd, Detroit, MI 48235, is available for $250,000. Completely renovated in 2024, the property features a new roof, HVAC system, and water heater. The single-story, Class B building sits on a 0.13-acre lot and includes six parking spaces. The interior boasts a versatile open floor plan, divided into two units (one 34' x 62', the other 18' x 62'), each with its own restroom and front and back doors. A large, fenced 53' x 30' rear area offers additional outdoor space. The property is zoned B2 Local Business, providing flexibility for various uses, including restaurants, salons, studios, offices, or clinics. Conveniently located near the M-10/Lodge Freeway and with easy access from a side alley off Meyers Rd, this property presents a compelling opportunity in a thriving Detroit neighborhood. The building has two units and is currently vacant. A coffee roaster is also available for sale separately. APN: 16046100-2.

    Property Features for 16122 Meyers Rd

    General Information

    Property type
    Individual retail properties
    Square Feet
    3,515 SF
    Class
    B
    Lot Size
    5,663 SF

    Building Details

    Year Built/Renovated
    1955/2024
    Buildings
    1
    Stories
    1
    Units
    2

    HighLights

    • 3,515 SF retail building with open floor plan.
    • Completely renovated in 2024, including new roof, HVAC, and water heater.
    • Two units, each with its own restroom and separate front and rear entrances.
    • Convenient alley access off Meyers Rd.
    • Large (53' x 30') fenced rear yard.
    • B2 Local Business zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bars

    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
    -83.1693743
    Latitude
    42.4100736

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    FAQs

    What type of property is this?
    Individual retail property - 3,515 SF Retail Building, Vacant, Renovated
    Where is this individual retail property located?
    The property is located at 16122 Meyers Rd Detroit, MI.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: 3,515 SF retail building with open floor plan.; Completely renovated in 2024, including new roof, HVAC, and water heater.; Two units, each with its own restroom and separate front and rear entrances.
    Request Owner's contact information
    16122 Meyers Rd Detroit, MI 48235
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    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
    16122 Meyers Rd Detroit, MI 48235
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