Property summary
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
VerifiedCap rate & NOI
Current use
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Courier Service
Location
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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Cap rate
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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
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
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)…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for B2 in Detroit, MI.
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