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    Michigan Strip Malls for Sale

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    Detroit Retail Strip For Sale
    Updated: Mar 31
    Detroit Retail Strip For Sale

    16005 W McNichols Rd, Detroit, MI 48235

    $550,000
    5,669 sqft
    High Cap Rate: Current NOI of $69,045 provides a 12.6% cap rate, indicating strong investment returns.
    Recent Capital Improvements: Substantial renovations from 2022‑2024, including a new roof, plumbing, electrical, HVAC units, façade refresh, and parking lot, minimizing near‑term capital expenditures.
    Low Cost Basis: Purchase price of $106 per SF offers an attractive entry point for Detroit infill retail.
    Favorable Zoning: B2 zoning allows for a broad range of commercial uses, appealing to both owner‑users and investors.
    Strategic Location: Prominent frontage on West McNichols with strong daily traffic, excellent visibility, signage, and on‑site parking.
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    This listing looks promising.

    Here's a quick look at some key insights for

    16005 W McNichols Rd, Detroit, MI, 48235

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    • Est. Cap Rate

      9.1%
      Above avg (5.9%)

    • Est. NOI

      $50K
      Annual

    • Price @ 7% Cap

      $716K
      Above asking

    • Last Sold

      Jan 2023
      $60K

    • Property Type

      Retail Stores
      Built 1946
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    Zoned C-1 Multi-Tenant Strip Center
    Updated: May 11
    Zoned C-1 Multi-Tenant Strip Center

    3944-3945 24TH Avenue, Port Huron, MI 48060

    $900,000
    7,930 sqft 0.70 AC lot
    7,930 SF multi‑tenant strip center is fully leased with four tenants
    Zoned C‑1 and located along a busy commercial corridor in Port Huron
    Separate utilities for each tenant
    30+ on‑site parking spaces
    Public water source; forced‑air heating
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    Four-Unit Retail Strip Mall
    Four-Unit Retail Strip Mall

    2581 S US 23, Alpena, MI 49707

    $299,500
    10,000 sqft 0.64 AC lot

    Established four-unit retail strip mall with newly roofed units, multiple restrooms, and an overhead door for storage and delivery.

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    Multi-Tenant Retail Strip Mall
    Multi-Tenant Retail Strip Mall

    1508 N Mitchell Street, Cadillac, MI 49601

    $2,340,000
    47,945 sqft 8.94 AC lot

    91% leased retail center with one vacant anchor-sized unit and multi-tenant buildouts, including loading docks and storage areas.

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    1989 Retail Strip Center
    1989 Retail Strip Center

    5038 Miller Rd, Flint, MI 48507

    $4,100,000
    5,000 sqft 0.75 AC lot

    Retail strip center built in 1989 near Genesee Valley Center, with mixed tenancy and available space.

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    Leased Strip Mall Property
    Leased Strip Mall Property

    2190 Whitehall Road, North Muskegon, MI 49445

    $899,900
    7,920 sqft 1.40 AC lot

    Fully leased strip mall building on the main roadway, offered for sale in North Muskegon, Michigan.

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    Five-Unit Retail Corner Complex
    Five-Unit Retail Corner Complex

    216 Roosevelt Street, Ironwood, MI 49938

    $410,000
    6,720 sqft 1.28 AC lot

    Five-unit commercial strip hosts four leased businesses, with one unit scheduled to open end of 2025.

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    Mini Strip Mall with Restaurant Tenants
    Mini Strip Mall with Restaurant Tenants

    317 S Main, Standish, MI 48658

    $379,000
    9,798 sqft 0.87 AC lot

    9,600 SF mini strip mall with 130 ft highway frontage, paved parking, and multiple income-producing tenants.

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    Dual-Tenant Retail Center
    Dual-Tenant Retail Center

    2039 E Apple Ave, Muskegon, MI 49442

    $1,291,587
    4,772 sqft 1.21 AC lot

    Fully leased 2-tenant NNN retail center with T-Mobile and a drive-thru restaurant, totaling 4,772 square feet on 1.21 acres.

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    Strip Center with Seven Units
    Strip Center with Seven Units

    1381 S Drake Road, Kalamazoo, MI 49006

    $949,000
    7,735 sqft 0.62 AC lot

    For-sale strip center with seven retail/service units, with three currently rented.

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    Leased Multi-Tenant Retail Strip Center
    Leased Multi-Tenant Retail Strip Center

    3944-3945 24th Avenue, Port Huron, MI 48060

    $900,000
    7,930 sqft

    Fully leased multi-tenant strip center with separate utilities and 30+ on-site parking spaces.

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    Downtown Food Market Retail Building
    Downtown Food Market Retail Building

    36521 Goddard Rd, Romulus, MI 48174

    $699,900
    14,890 sqft

    Former food market building with loading access and on-site parking in downtown Romulus.

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    Multi-Tenant Neighborhood Retail Center
    Multi-Tenant Neighborhood Retail Center

    16125-16135 W McNichols Rd, Detroit, MI 48235

    $399,900
    6,400 sqft

    Multi-tenant retail center with six storefronts, two vacant suites, and recent roof replacements on both buildings.

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    Four-Unit Retail Strip Mall
    Four-Unit Retail Strip Mall

    2581 S US 23, Alpena, MI 49707

    $299,500
    10,000 sqft

    Four-unit strip mall with newly roofed improvements, new HVAC and carpeting in two units, and an overhead-door unit for storage.

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    Multi-Tenant Retail Center
    Multi-Tenant Retail Center

    1052 1072 W Huron Street, Waterford, MI 48328

    $2,600,000
    21,345 sqft

    Multi-tenant retail asset is 100% occupied with stable tenancy and prominent visibility along a high-traffic corridor.

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    Multi-Tenant Strip Center
    Multi-Tenant Strip Center

    938 N Pontiac Trail, Walled Lake, MI 48390

    $1,500,000
    8,691 sqft

    Well-maintained strip center with ample parking and a current lease in place to Hungry Howie’s Pizza.

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    Multi-Tenant Retail Strip
    Multi-Tenant Retail Strip

    2137 Warwick St, Saginaw, MI 48602

    $425,000
    8,933 sqft

    Well-maintained multi-tenant retail building on Warwick near Davenport/State Street in Saginaw, MI.

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    Fully Leased Retail Strip Center
    Fully Leased Retail Strip Center

    633 Hooker Road, Allegan, MI 49010

    $840,000
    7,200 sqft

    7,200 SF fully leased retail strip center for sale.

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    Gratiot Avenue Retail Center
    Gratiot Avenue Retail Center

    36439-36463 S. Gratiot Ave, Clinton Township, MI 48035

    $699,999
    13,678 sqft

    Retail center with storage building on Gratiot Avenue.

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    Mini Strip Mall with Highway Frontage
    Mini Strip Mall with Highway Frontage

    317 S Main St, Standish, MI 48658

    $379,000
    9,798 sqft 0.87 AC lot

    Mini strip mall featuring multiple tenant suites and substantial paved parking with municipal water and sewer.

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    J & D Commercial Rentals od Sandusky
    J & D Commercial Rentals od Sandusky

    462 West Sanilac Rd, Sandusky, MI 48471

    $1,150,000
    20,000 sqft 1.93 AC lot

    Commercial Rental Buiding

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    Mancino's Grinders and Pizza
    Mancino's Grinders and Pizza

    914 Charlevoix Dr, Unit 107, Grand Ledge, MI 48837

    $225,000
    1,571 sqft

    Incredible Business Opportunity!

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    Walmart-Adjacent Retail Outparcel
    Walmart-Adjacent Retail Outparcel

    3295 HENRY ST, Muskegon, MI 49441

    Contact for pricing
    11,895 sqft

    100% occupied, built in 2008 retail center anchored by a Walmart outparcel and includes a drive-thru end cap.

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    Corner Multi-Tenant Retail Center
    Corner Multi-Tenant Retail Center

    325-345 W Walton Blvd, Pontiac, MI 48340

    Contact for pricing
    20,000 sqft 2.40 AC lot

    Multi-tenant retail center with ample parking and corner visibility at Walton Blvd and Telegraph Road.

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    Michigan Strip Malls Market Trends and Statistics

    Explore 75 strip malls for sale in Michigan, showcased through 75 active listings on our real estate platform. These investment opportunities span a total of 751,497 square feet of properties for sale, with an estimated market value of $39,736,986.

    Sale prices for retail strips in Michigan start at $225,000, averaging $1,045,710, and reaching up to $4,100,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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