Property profile

17219 Mcnichols Rd Detroit, MI 48235

OFF-MARKET
Auto shops
Property ID
US43-1324686
5,600 SF 0.15 ac lot Built 1954
Entity Owned 11-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 5,600-square-foot auto shop, located at 17219 W McNichols Rd in Detroit, Michigan, presents a lucrative investment opportunity. The property, situated on a 0.15-acre lot (APN 22013069-72), boasts a two-story building constructed in 1954. The building features a 12-20 foot ceiling height, ideal for accommodating various automotive repair needs. Access is facilitated by two grade-level doors, measuring 8'x10' and 20'x14', respectively. The shop is equipped with 220/440 power and includes a pre-existing paint booth, significantly enhancing its operational capabilities. The property is zoned B4 and is currently offered at $380,000, translating to a price per square foot of $67.86. This single-tenancy retail space presents a strong foundation for continued success in the automotive repair industry. The property's location in Wayne County, Michigan, zip code 48235, offers convenient access to major transportation routes and a substantial customer base.

Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1954
Total area 5,600 SF
Lot 0.15 ac (6,534 SF)
Zoning code B2
APN 22013069-72
UPID US43-1324686

Cap rate & NOI

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

Location

17219 Mcnichols Rd Detroit, MI 48235-3322
Detroit metro Census 542100 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Blend (final) Blend
$305k

Owner & transaction history

since 2015
5 recorded transactions
2015
Price N/A
2013
$23,100
2013
Price N/A
2012
Price N/A
2009
$1,300

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

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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