4929 Mcnichols Rd Detroit, MI 48212
- Auto shops
- 8,600 SF
- 0.51 lot acres
Current Use by Public Records
- Aj's Transportation / Transportation Service / School Bus Service
- Garmo Management Co LLC / Business Management Consultant
Property Details for 4929 Mcnichols Rd
- Year built
- 1940
- Lot size
- 0.51 lot acres
- Property size
- 8,600 SF
- Zone code
- B4
- Property type
- Auto shops
- APN
- 13007280-4
- APU
- 130072804
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $110,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $105,000
- 6.5%
- $110,000
- 7%
- $100,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $100,000
- Geo Method
- $90,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $100,000
- Retail
- $90,000
- Mixed-Use
- $80,000
- Hospitality
- $95,000
- Educational
- $90,000
- Residential Income
- $90,000
- Energy
- $95,000
- Income-Based Land
- $90,000
- Food Service
- $105,000
Location Insight
- Map
- Local Demand
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Longitude
- -83.0533
- Latitude
- 42.4191
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
