24611 Mcnichols Rd, Detroit, MI 48219-3670
This 1,323 square foot storefront, located at 24611 W McNichols Rd in Detroit, Michigan, presents a compelling investment opportunity. The property, built in 1969 and extensively renovated in 2023, boasts a single story and sits on a commercially zoned lot in Wayne County (zip code 48219). Priced at $279,000 ($210.88 per square foot), this stand-alone building offers ample parking and excellent visibility due to its prime frontage on McNichols Road. Previously occupied by a Coney Island restaurant, the versatile space presents numerous possibilities for a variety of retail uses. The property's recent renovation ensures a move-in ready condition, minimizing upfront capital expenditures. Its location provides significant exposure to high traffic volume, making it an ideal space for a business seeking strong visibility and accessibility. This is a rare opportunity to acquire a well-located, renovated retail space in a thriving Detroit neighborhood. Don't miss out
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2020Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
B4 · Detroit, MIDetroit. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.