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    13241 Mcnichols Rd Detroit, MI 48235

    For Sale
    $175,000

    Multi-tenant retail space, shell condition.

    Property size:
    3,765 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This 3,765 square foot retail building, located at 13241 W McNichols Rd in Detroit, Michigan, presents a unique investment opportunity. Built in 1939, the single-story, multi-tenant property sits on a 0.09-acre lot and is zoned B2, offering considerable flexibility for various retail uses. Currently in shell condition, the building provides a blank canvas for a buyer to customize to their specific needs. The asking price is $175,000, translating to a land value of $46.48 per square foot. The property's convenient location offers excellent visibility and accessibility, with proximity to the M-10 (John C Lodge Freeway) providing easy access for customers and employees. The Wayne County property features one building with a total of 3,765 square feet. Annual expenses total $3,782. The property's APN is 22012772 and the zip code is 48235. This is an exceptional opportunity to acquire a well-situated retail property in a growing area of Detroit. The building's size and zoning provide ample potential for a variety of retail ventures. Serious inquiries are encouraged.

    Property Features for 13241 Mcnichols Rd

    General Information

    Property type
    Retail properties
    Square Feet
    3,765 SF
    Class
    C
    Lot Size
    3,920 SF

    Building Details

    Year Built
    1939
    Buildings
    1
    Stories
    1

    HighLights

    • Multi‑tenant building.
    • Building delivered in shell condition.
    • 3,765 square feet of available space.
    • B2 zoning.
    • Sale price: $175,000 ($46.48/sq.ft.).
    • Annual operating expenses: $3,782.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.1763549
    Latitude
    42.4163446

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    FAQs

    What type of property is this?
    Retail property - Multi-tenant retail space, shell condition.
    Where is this retail property located?
    The property is located at 13241 Mcnichols Rd Detroit, MI.
    What is the asking price?
    The asking price for this property is $175,000.
    What are key features of this property?
    This property features: Multi-tenant building.; Building delivered in shell condition.; 3,765 square feet of available space.
    (248) 359-0615
    Request Owner's contact information
    13241 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
    13241 Mcnichols Rd Detroit, MI 48235
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