$1,800,000 3,601 SF

21370 W Mcnichols Rd, Detroit, MI 48219
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The property is a retail space located in a busy retail corridor along Grand River Avenue and McNichols Road, across from a Meijer. The space was retrofitted in 2020 and is configured as a fully occupied retail unit.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2020

What does the county charge?

$8k

Tax billed · 2020

Assessed value · 2024$192k

Effective rate4.36%

Value estimate

· Nov 2026

$255k

$230k – $281k

NOI build-up

Gross scheduled income$108k

Vacancy & credit loss−$6k

Operating expenses−$31k

NOI · 3.97% cap applied$71k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?

$151/SF

County average, outlier-cleaned · 44 recorded sales of this use type

Observed band · Q1–Q3$76 – $215

Cap rate analysis

How does the asset earn?

3.97%

$71k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?

The B4 general business district provides for business and commercial uses of a thoroughfare oriented nature

General categoryCOMMERCIAL

JurisdictionWAYNE

Location intelligence

Which uses thrive at this corner?

Best fit: Realty agency

Demand heat for this use is drawn on the map · LocInt grid

Demand index

Realty agency19.7

Law Firm15.1

Parking Facility11.8

21370 W Mcnichols Rd Detroit, MI 48219

County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby

Address Sale price Sold Size

22435 Grand Riv, Detroit, MI 48219-3111 $170,000 Apr 2025 3,600 SF

18149 Mcnichols, Detroit, MI 48219-4110 $1,000,000 Feb 2025 4,052 SF

18910 7th Mile, Detroit, MI 48219-2759 $750,000 Jan 2025 3,960 SF

19533 7th Mile, Detroit, MI 48219-2720 $120,000 Jan 2024 3,829 SF

20122 Mcnichols, Detroit, MI 48219-3374 $120,000 Oct 2023 4,014 SF

23810 7th Mile, Detroit, MI 48219-1629 $90,000 Apr 2023 3,330 SF

Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.

Comparable nearby

Value Estimation by Request
3,600 SF

22435 Grand Riv Ave

RETAIL STORES (PERSONAL SERVICES)

22435 Grand Riv Ave, Detroit, MI 48219-3111

View Details
Value Estimation
$1,190,000

4,045 SF

16730 Telegraph Rd

CONVENIENCE STORE

16730 Telegraph Rd, Detroit, MI 48219-3729

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Value Estimation
$290,000

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19401 Mcnichols Rd

RETAIL STORES (PERSONAL SERVICES)

19401 Mcnichols Rd, Detroit, MI 48219-4030

View Details
Value Estimation
$965,000

4,119 SF

24031 7th Mile Rd

CONVENIENCE STORE

24031 7th Mile Rd, Detroit, MI 48219-1608

View Details
Value Estimation
$445,000

4,440 SF

20201 7th Mile Rd

RETAIL STORES (PERSONAL SERVICES)

20201 7th Mile Rd, Detroit, MI 48219-3406

View Details
Value Estimation
$280,000

2,866 SF

21603 Grand Riv Ave

RETAIL STORES (PERSONAL SERVICES)

21603 Grand Riv Ave, Detroit, MI 48219-3219

View Details

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