Technical
Financial
Distress signals
Property profile

4929 E Mcnichols Rd Detroit, MI 48212

FOR SALE
Auto shops
Property ID
US43-0079942
8,600 SF 0.51 ac lot Built 1940
Entity Owned 5-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 8,500 square foot executive office building presents a compelling investment opportunity in Detroit, Michigan. Located at 4929 E McNichols Rd, this property sits on a highly visible corner lot spanning 0.52 acres. The building's substantial size offers ample space for a variety of business needs, while the convenient location ensures easy access for clients and employees. The property features a fenced-in lot, providing enhanced security and privacy. Ample parking is available, addressing a key concern for businesses and their clientele. The asking price for this turnkey executive office space is $749,000. This property is situated in Wayne County, Michigan, with the precise address being 4929 E McNichols Rd, Detroit, MI 48212. Its strategic location offers excellent visibility and accessibility, making it an ideal choice for businesses seeking a prominent presence in the Detroit market. The combination of size, location, and features makes this an attractive proposition for discerning investors and businesses alike. The property is currently offered for sale and presents a rare opportunity to acquire a well-situated and substantial commercial building in a thriving area.

Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1940
Total area 8,600 SF
Lot 0.51 ac (22,216 SF)
Zoning code B4
APN 13007280-4
UPID US43-0079942

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
  • Freight Service Logistics Company
  • Business Management Consultant

Location

4929 E Mcnichols Rd Detroit, MI 48212
Detroit metro Census 506400 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
$110k

Owner & transaction history

since 2020
Last sale
$100,000
7 recorded transactions
2020
$70,000
2020
$100,000
2020
Price N/A
2017
$50,000
2016
Price N/A
2015
Price N/A
2012
$900

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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