Property profile

16122 Meyers Rd Detroit, MI 48235

FOR SALE
Retail space
Property ID
US43-0024531
3,515 SF Built 1955
Entity Owned 5-yr Hold
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Property summary

AI-generated overview

This 3,515 SF property boasts a prime location and is perfectly suited to meet the needs of retail and free-standing building users. Renovated in 2024, its open floor plan, brand-new furnace with AC, new water heater, new roof, and double unit configuration (one side is 34’ x 62’ and other side is 18’ x 62’) with 2 restrooms and 2 front/back doors provide versatility and convenience. The large 53’ x 30’ fenced-in area in the back offers potential for outdoor space utilization. Many potential uses are possible including a coffee roastery, restaurant, salon, studio, office, or a clinic. With easy access from the side alley off Meyers Rd and proximity to M-10/The Lodge Freeway, this property is an enticing prospect in the thriving Detroit area. Coffee roaster is also available for sale.

Property profile

Verified
Property type Retail space
Year built 1955
Total area 3,515 SF
UPID US43-0024531

Cap rate & NOI

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

Location

16122 Meyers Rd Detroit, MI 48235
Detroit metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2021
2 recorded transactions
2021
$29,415
2018
Price N/A

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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More about this property
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