13241 W Mcnichols Rd Detroit, MI 48235
For Sale
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Property summary
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 profile
VerifiedCap rate & NOI
Value estimations
Owner & transaction history
Zoning & alternative use
ity Residential District. (Code 1984, § 61-7-2; Ord. No. 11-05, § 1(61-7-2), eff. 5-28-2005) Sec. 50-7-3. - Business Districts. Business districts within the City are as follows: (1) B1 Restricted Business District. (2)…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Detroit market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
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Property tax & assessments
Tax year 2020Property description
Physical attributes from public recordsZoning & alternative use
B2 · Detroit, MIity Residential District. (Code 1984, § 61-7-2; Ord. No. 11-05, § 1(61-7-2), eff. 5-28-2005) Sec. 50-7-3. - Business Districts. Business districts within the City are as follows: (1) B1 Restricted Business District. (2)…
Zoning
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Zoning designation
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The district profile from the municipal source: what is on file for B2 in Detroit, MI.
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