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    13297 Mcnichols Rd Detroit, MI 48205

    Sponsored
    For Sale
    $450,000

    12,000 SF Flex Building - Vacant

    Property size:
    12,038 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This 12,038 square foot, single-story building presents a unique investment opportunity in Detroit's Gratiot Corridor. Located at 13297 E McNichols Rd, in Wayne County, Michigan, 48205, this Class B property sits on a 24,700 square foot lot and is zoned B4. Originally built in 1950 and renovated in 2008, the building is currently vacant and offers flexible use options. Ideal for a variety of uses, including medical office, retail, event space, or showroom, this property boasts a clean and well-maintained interior. The asking price is $450,000, translating to $37.38 per square foot. The building's previous use as an Eastside Service Center for Detroit Water suggests a history of reliable infrastructure. The sale includes the potential for the inclusion of existing furniture, fixtures, and equipment (FFE). This property represents a strong potential for a variety of businesses seeking a versatile space in a desirable location. The property's size and zoning provide ample opportunity for customization and expansion. Its location within the Gratiot Corridor offers excellent visibility and accessibility. This is a rare chance to acquire a well-maintained, adaptable building in a thriving Detroit neighborhood.

    Property Features for 13297 Mcnichols Rd

    General Information

    Property type
    Medical offices
    Square Feet
    12,038 SF
    Class
    B

    Building Details

    Year Built/Renovated
    1950/2008
    Buildings
    1
    Stories
    1

    HighLights

    • 12,038 SF single‑story building on a 24,700 SF lot in Detroit's Gratiot Corridor.
    • Located at 13297 E McNichols Rd, Detroit, MI 48205 (Wayne County), zoned B4.
    • Class B property, built in 1950, renovated in 2008, currently vacant.
    • Asking price: $450,000 ($37.38/SF).
    • Flexible use options including medical, retail, event space, or showroom.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    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
    -82.987387744742
    Latitude
    42.425942378597

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    FAQs

    What type of property is this?
    Medical office - 12,000 SF Flex Building - Vacant
    Where is this medical office located?
    The property is located at 13297 Mcnichols Rd Detroit, MI.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: 12,038 SF single-story building on a 24,700 SF lot in Detroit's Gratiot Corridor.; Located at 13297 E McNichols Rd, Detroit, MI 48205 (Wayne County), zoned B4.; Class B property, built in 1950, renovated in 2008, currently vacant.
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    13297 Mcnichols Rd Detroit, MI 48205
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    Detroit, MI 48205
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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
    13297 Mcnichols Rd Detroit, MI 48205
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