24611 W Mcnichols Rd Detroit, MI 48219
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
), 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) B4 General Business District. (5) B5 Major Business District. (6) B6 General Services District. (Code 1984, § 61-7-3; Ord. No. 11-05, § 1(61…
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, MI), 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) B4 General Business District. (5) B5 Major Business District. (6) B6 General Services District. (Code 1984, § 61-7-3; Ord. No. 11-05, § 1(61-7-3), eff. 5-28-2005) Sec. 50-7-4. - Industrial Districts. Industrial districts w
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.