7400 Mcnichols Rd Detroit, MI 48221
- Warehouses
- 23,332 SF
- 4.52 lot acres
Current Use by Public Records
- Mitch's Auto Parts / Auto Body Shop / Auto Repair Shop
Property Details for 7400 Mcnichols Rd
- Year built
- 1966
- Lot size
- 4.52 lot acres
- Property size
- 23,332 SF
- Zone code
- M4
- Property type
- Warehouses
- APN
- 15003312.
- APU
- 15003312
Description
This 6,992 square foot, fully renovated bar and restaurant space is available for lease in Detroit, Michigan. Located at 7400 W McNichols Rd, this single-tenant property sits on a 0.19-acre lot and boasts a newly renovated interior completed in 2024. The building, constructed in 1942, features unique architectural details and a mezzanine level offering a bird's-eye view of the main space. The space includes a fully built-out bar with tap plumbing, a fully equipped kitchen with grease traps and pre-installed roof units, and a Cabaret "A" license. Noise levels are effectively managed by K-13 foam insulation in the ceiling. Safety features include an ADT alarm system and a Johnson Controls fire suppression system. The property is zoned B2 and offers ample space for a variety of entertainment and food service concepts. The high-traffic location on McNichols Road in a rapidly growing neighborhood provides excellent visibility and accessibility. A striking mural by world-renowned artist Dr. Hubert Massey adds a unique artistic appeal. The net rentable area is 6,992 square feet, with a total square footage of 7,686. The property is currently vacant and available for a net lease.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,020,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $815,000
- 6.5%
- $985,000
- 7%
- $875,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $940,000
- Geo Method
- $1,060,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,050,000
- Retail
- $835,000
- Mixed-Use
- $955,000
- Hospitality
- $870,000
- Educational
- $905,000
- Residential Income
- $940,000
- Energy
- $985,000
- Income-Based Land
- $905,000
- Food Service
- $835,000
Location Insight
- Map
- Local Demand
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Longitude
- -83.0274
- Latitude
- 42.4182
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
