13297 E Mcnichols Rd Detroit, MI 48205
Property summary
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 profile
VerifiedCap rate & NOI
Value estimations
Owner & transaction history
Zoning & alternative use
), eff. 5-28-2005) Sec. 50-7-3. - Business Districts. Business districts within the City are as follows: (1) B1 Restricted Business District. (2) B2 Local Business and Residential District. (3) B3 Shopping District. (4)…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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 2023Property description
Physical attributes from public recordsZoning & alternative use
B4 · Detroit, MI), eff. 5-28-2005) Sec. 50-7-3. - Business Districts. Business districts within the City are as follows: (1) B1 Restricted Business District. (2) B2 Local Business and Residential District. (3) B3 Shopping District. (4)…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for B4 in Detroit, MI.
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