Property profile

19301 Mcnichols Rd Detroit, MI 48219

OFF-MARKET
Banks
Property ID
US43-1735004
3,605 SF 0.38 ac lot Built 1964
Individually Owned 10-yr Hold Free & Clear
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Property summary

AI-generated overview

The property is located at the corner of W McNichols and W Outer Dr in the Rosedale Park community. It is a former Chase Bank branch configured as a commercial facility and includes multiple on-site parking spaces. The site’s corner positioning provides frontage along both streets. The building includes a roof that is described as newer, and the property has been used as a financial-services branch, making it adaptable for office or other community-oriented uses by companies and nonprofit organizations. The area is characterized by a walk score of 77, a transit score of 51, and a bike score of 43.

Property profile

Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1964
Total area 3,605 SF
Lot 0.38 ac (16,553 SF)
Zoning code B4
APN 22013243-50
UPID US43-1735004

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
  • Physician
  • Loan Service Bank

Location

19301 Mcnichols Rd Detroit, MI 48219-4029
Detroit metro Census 543100 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$544k
Blend (final) Blend
$545k

Owner & transaction history

since 2015
1 recorded transaction
2015
Price N/A

Zoning & alternative use

B4 · Detroit, MI
Zoning description

), 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)…

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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