Property profile

14501 Mcnichols Rd Detroit, MI 48235

OFF-MARKET
Strip malls
Property ID
US43-4624935
9,072 SF 0.44 ac lot Built 1957
Individually Owned 19-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional single-tenant retail property, located at 14501 W McNichols Road in Detroit, Michigan, presents a unique investment opportunity. The building, constructed in 1957, boasts a total of 9,072 square feet situated on a 0.44-acre lot. Currently, the entire 9,072 square feet is vacant, offering immediate occupancy for a prospective tenant. The property features a single story building and is zoned for commercial use. Its convenient location, south of West McNichols Road and west of Wyoming, provides excellent visibility and accessibility. The Wayne County property, identified by APN W22I012862C71, offers significant potential for a variety of retail businesses. Utilities are handled on a tenant-responsible basis for gas and electric, while water, snow removal, and lawn care are included in the rental agreement. While the marketing materials mention a smaller, separately listed unit (14505), this listing focuses solely on the 9,072 square foot main building. This property is ready for immediate development and offers a strong return on investment. The property's size and location make it an ideal space for a variety of retail uses. Serious inquiries are encouraged.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1957
Total area 9,072 SF
Lot 0.44 ac (19,166 SF)
Zoning code B2
APN 22012862-71
UPID US43-4624935

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Courier Service

Location

14501 Mcnichols Rd Detroit, MI 48235-3935
Detroit metro Census 537600 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$718k
Blend (final) Blend
$305k

Owner & transaction history

Zoning & alternative use

B2 · Detroit, MI
Zoning description

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)…

General category COMMERCIAL
Top alternative use upside
Commercial (general) $830,000 +20.5%
Restaurant $830,000 +20.4%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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