Strip Mall

Detroit, MI 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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Remodeled Strip Center with Five Units
Updated: Oct 24, 2025
Remodeled Strip Center with Five Units

15308 E 8 Mile Rd, Detroit, MI

$1,250,000
9,000 sqft
Remodeled 5‑unit retail strip center built in 1959
New roof, HVAC, front windows and doors
Unit mix: 1 unit (double) at 3,200 SF; 2 units at 1,600 SF; 1 unit at 2,000 SF with OH door
Current rents $7,800/month; project rent $10,800/month ($129,600/year) listed with minimal expense
Parking lot plus street parking
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Commercial Land Portfolio
Commercial Land Portfolio

11908-11940 Conner St, Detroit, MI 48205

Contact for pricing
1,500 sqft

R3-zoned assemblage spanning multiple Detroit streets with airport-facing lots.

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See hot listings in Detroit

Scored against comparables nationwide. These are worth a look.

Scored against comparables nationwide. These are worth a look.

Cap Rate available after sign in
Est. NOI available after sign in
Local Demand available after sign in
Retail Strip Center with Restaurant
Retail Strip Center with Restaurant

11122 Hayes Street, Detroit, MI 48213

Contact for pricing
8,850 sqft 0.50 AC lot

Cash-flowing retail strip center with restaurant space and upside potential.

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Based on your search, we've compiled 76 Potential Opportunities for your consideration. Besides 4 Active listings in Detroit, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 68 Off-Market properties to explore as potential leads

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Strip Mall Retail Space
Strip Mall Retail Space

19403 10 mile Road, Roseville, MI 48066

Contact for pricing
920 sqft

The space carries B-1 zoning and has parking at both the front and rear.

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Corner Retail Space
Corner Retail Space

16970 E 13 Mile Road, Roseville, MI 48066

Contact for pricing
1,800 sqft

First-unit retail space with exposure to three surrounding roads and placement within an occupied plaza.

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Newly Constructed Strip Mall
Newly Constructed Strip Mall

16777 E 13 Mile Rd, Fraser, MI 48026

$950,000

Retail suites offer flexible configurations for businesses seeking space for sale or lease.

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Corner Strip Mall
Corner Strip Mall

31896-31938 Groesbeck, Fraser, MI 48026

Contact for pricing

Multi-tenant retail center near Macomb Mall with an available commercial space.

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Off-Market Properties in Detroit, MI

Consider similar Off-Market properties in Detroit, MI. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

12535 Mack Ave
SHOPPING CENTER, STRIP CENTER

12535 Mack Ave, Detroit, MI 48215-2228

Estimated value:
$1,205,000
6,860 sqft 0.16 AC lot
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16960 Meyers Rd
SHOPPING CENTER, STRIP CENTER

16960 Meyers Rd, Detroit, MI 48235-1405

Estimated value:
$535,000
5,880 sqft 0.32 AC lot
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10501 Joy Rd
SHOPPING CENTER, STRIP CENTER

10501 Joy Rd, Detroit, MI 48204-3017

Estimated value:
$495,000
9,050 sqft 0.55 AC lot
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17500 Livernois Ave
SHOPPING CENTER, STRIP CENTER

17500 Livernois Ave, Detroit, MI 48221-2761

Estimated value:
$490,000
15,867 sqft 0.98 AC lot
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25780 Joy Rd
SHOPPING CENTER, STRIP CENTER

25780 Joy Rd, Redford, MI 48239-1702

Estimated value:
$590,000
24,049 sqft 2.11 AC lot
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2300 Schaefer Hwy
SHOPPING CENTER, STRIP CENTER

2300 Schaefer Hwy, Detroit, MI 48217-1277

Estimated value:
$320,000
6,600 sqft 0.54 AC lot
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826 Iroquois St
SHOPPING CENTER, STRIP CENTER

826 Iroquois St, Detroit, MI 48214-2712

Estimated value:
$2,400,000
14,900 sqft 0.67 AC lot
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13243 Warren Ave
SHOPPING CENTER, STRIP CENTER

13243 Warren Ave, Detroit, MI 48215-2018

Estimated value:
$300,000
8,654 sqft 0.52 AC lot
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11000 Jefferson Ave
SHOPPING CENTER, STRIP CENTER

11000 Jefferson Ave, Detroit, MI 48214-3268

Estimated value:
$665,000
13,320 sqft 2.23 AC lot
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10780 Gratiot Ave
SHOPPING CENTER, STRIP CENTER

10780 Gratiot Ave, Detroit, MI 48213-1262

Estimated value:
$600,000
12,464 sqft 2.98 AC lot
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25151 6th Mile Rd
SHOPPING CENTER, STRIP CENTER

25151 6th Mile Rd, Redford, MI 48240-2103

Estimated value:
$785,000
4,550 sqft 0.23 AC lot
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9210 Telegraph Rd
SHOPPING CENTER, STRIP CENTER

9210 Telegraph Rd, Redford, MI 48239-1284

Estimated value:
$290,000
4,761 sqft 0.22 AC lot
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4201 7th Mile Rd
SHOPPING CENTER, STRIP CENTER

4201 7th Mile Rd, Detroit, MI 48234-2015

Estimated value:
$295,000
7,853 sqft 0.53 AC lot
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7611 Gratiot Ave
SHOPPING CENTER, STRIP CENTER

7611 Gratiot Ave, Detroit, MI 48213-2821

Estimated value:
$380,000
11,223 sqft 0.81 AC lot
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25537 5th Mile Rd
SHOPPING CENTER, STRIP CENTER

25537 5th Mile Rd, Redford, MI 48239-3228

Estimated value:
$90,000
4,400 sqft 0.18 AC lot
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8130 7th Mile Rd
SHOPPING CENTER, STRIP CENTER

8130 7th Mile Rd, Detroit, MI 48234-3625

Estimated value:
$730,000
13,160 sqft 0.79 AC lot
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20540 Lahser Rd
SHOPPING CENTER, STRIP CENTER

20540 Lahser Rd, Detroit, MI 48219-1238

Estimated value:
$3,265,000
36,870 sqft 1.95 AC lot
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9039 Linwood St
SHOPPING CENTER, STRIP CENTER

9039 Linwood St, Detroit, MI 48206-1956

Estimated value:
$290,000
6,624 sqft 0.43 AC lot
View details
14847 Gratiot Ave
SHOPPING CENTER, STRIP CENTER

14847 Gratiot Ave, Detroit, MI 48205-1942

Estimated value:
$375,000
6,165 sqft 0.50 AC lot
View details
15601 Grand Riv Ave
SHOPPING CENTER, STRIP CENTER

15601 Grand Riv Ave, Detroit, MI 48227-2281

Estimated value:
$390,000
6,794 sqft 0.60 AC lot
View details

Detroit, MI Strip Malls Market Trends and Statistics

Explore 72 strip malls for sale in Detroit, MI, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 25,019 square feet of properties for sale, with an estimated market value of $1,800,000.

Sale prices for retail strips in Detroit, MI start at $550,000, averaging $900,000, and reaching up to $1,250,000 — 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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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Storefront properties 238
Automotive properties 131
Auto shops 74
Grocery and convenience stores 38
Shopping centers 24

Demographics Overview

Population 850K
Population Growth (5Y) -4.2%
Median Household Income $48,716
College Educated 21.2%

High-Yield Neighborhoods for Investment

Identify Detroit submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood Average Price
48235 $550K

Taxes & Financing

Tax Rate (average for all types) 3.32%
Property Tax per SF $36.71 per SF
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Wayne County

New Delisted

Total CRE Inventory on Market (SF)

Property Size Breakdown

The majority of commercial real estate listings in Detroit fall within the 10,000 to 25,000 square foot range.

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