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    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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    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
    View Property Analytics
    Multi-Tenant Neighborhood Retail Center
    Updated: Jul 5
    Multi-Tenant Neighborhood Retail Center

    16125-16135 W McNichols Rd, Detroit, MI 48235

    $399,900
    6,400 sqft
    Multi‑tenant retail center built in 1946 with approximately 6,400 SF across six storefronts
    Currently 66% occupied with two vacant ~1,200 SF suites to increase rental income
    Recent capital improvements: new roofs on both buildings within the last five years
    Tenants reimburse water, sewer, and trash expenses to help preserve operating income
    Multiple leases extend through 2027 and 2028 for in‑place cash flow
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    Retail Plaza with Multiple Units
    Retail Plaza with Multiple Units

    13601 Greenfield Road, Detroit, MI 48227

    $1,999,900
    29,579 sqft

    One-story retail plaza with six individual storefront units and parking, suited for a range of commercial tenants.

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    Remodeled Strip Center For Sale
    Remodeled Strip Center For Sale

    15308 E 8 MILE Rd, Detroit, MI 48235

    $1,250,000
    0.28 AC lot

    Remodeled strip center with five units and new features.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Retail Strip Center with Restaurant
    Retail Strip Center with Restaurant

    11122 Hayes Street, Detroit, MI 48213

    $590,000
    8,850 sqft 0.50 AC lot

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

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    Corner Strip Mall Retail Units
    Corner Strip Mall Retail Units

    16120 MOROSS RD, Detroit, MI 48205

    $350,000
    4,650 sqft

    Four storefronts with glass doors and picture windows offer retail space in a high-traffic corner setting.

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    Corner Strip Retail Investment
    Corner Strip Retail Investment

    19151 KELLY RD, Detroit, MI 48224

    $479,040
    3,120 sqft

    Corner strip retail property offered for sale with multiple addresses and strong access to major shopping and roadway routes.

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    Retail Plaza End Cap Unit
    Retail Plaza End Cap Unit

    14531 W Eight Mile Rd, Detroit, MI 48235

    Contact for pricing

    This busy-corner former restaurant building is being converted into a four-unit retail plaza, with end cap unit space available January 2021.

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    Fenkell Avenue Commercial Opportunity
    Fenkell Avenue Commercial Opportunity

    23261 Fenkell Ave, Detroit, MI 48223

    $280,000
    10,772 sqft 0.99 AC lot

    High-traffic location suitable for showroom, retail, or warehouse use.

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    Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 9 Active listings in Detroit, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 63 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

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

    High-Visibility Shopping Center For Sale
    High-Visibility Shopping Center For Sale

    3614-3640 Rochester Road |, Troy, MI 48083

    Contact for pricing
    34 sqft

    High-traffic shopping center with updated storefronts and strong demographics.

    View details
    Kilmer Plaza Retail Opportunity
    Kilmer Plaza Retail Opportunity

    435 E. Big Beaver Road, Troy, MI 48083

    Contact for pricing
    18,499 sqft

    Retail space available in upscale Troy shopping center.

    View details
    Retail Suites with Pylon Signage
    Retail Suites with Pylon Signage

    148-206 S. Wayne Road, Westland, MI 48186

    Contact for pricing

    Three retail units are available, featuring pylon signage and strong visibility at a signalized intersection.

    View details
    Retail Strip Mall with Corner Suites
    Retail Strip Mall with Corner Suites

    32927 Warren Road, Westland, MI 48185

    Contact for pricing

    Six storefront retail strip on a corner lot with active tenants and newly available corner suites.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Prime Commercial Land Near US-23
    Prime Commercial Land Near US-23

    Arkona Road, Milan, MI 48160

    $1,900,000
    18.53 AC lot

    18.53 acre commercial land parcel with US-23 visibility.

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    Commercial Land on Corunna Road
    Commercial Land on Corunna Road

    Flint, MI 48532

    $99,900
    2.40 AC lot

    2.40-acre commercial land parcel with C2 zoning.

    View details
    Prime Commercial Land Opportunity
    Prime Commercial Land Opportunity

    Brookley Road, Jackson, MI 49202

    $1,499,010
    5.12 AC lot

    5. 5 acres at I-94 and Cooper Street.

    View details
    Fremont Commercial Land Opportunity
    Fremont Commercial Land Opportunity

    2400 N State Route 53, Fremont, OH 43420

    $1,520,000
    27.57 AC lot

    Prime commercial land with development potential in high-traffic area.

    View details

    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

    $1,065,000
    Estimated value
    6,860 sqft 0.16 AC lot
    View details
    16960 Meyers Rd
    SHOPPING CENTER, STRIP CENTER

    16960 Meyers Rd, Detroit, MI 48235-1405

    Value Estimation by Request
    5,880 sqft 0.32 AC lot
    View details
    10501 Joy Rd
    SHOPPING CENTER, STRIP CENTER

    10501 Joy Rd, Detroit, MI 48204-3017

    $680,000
    Estimated value
    9,050 sqft 0.55 AC lot
    View details
    17500 Livernois Ave
    SHOPPING CENTER, STRIP CENTER

    17500 Livernois Ave, Detroit, MI 48221-2761

    $950,000
    Estimated value
    15,867 sqft 0.98 AC lot
    View details
    25780 Joy Rd
    SHOPPING CENTER, STRIP CENTER

    25780 Joy Rd, Redford, MI 48239-1702

    $1,715,000
    Estimated value
    24,049 sqft 2.11 AC lot
    View details
    2300 Schaefer Hwy
    SHOPPING CENTER, STRIP CENTER

    2300 Schaefer Hwy, Detroit, MI 48217-1277

    Value Estimation by Request
    6,600 sqft 0.54 AC lot
    View details
    826 Iroquois St
    SHOPPING CENTER, STRIP CENTER

    826 Iroquois St, Detroit, MI 48214-2712

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

    13243 Warren Ave, Detroit, MI 48215-2018

    Value Estimation by Request
    8,654 sqft 0.52 AC lot
    View details
    11000 Jefferson Ave
    SHOPPING CENTER, STRIP CENTER

    11000 Jefferson Ave, Detroit, MI 48214-3268

    $975,000
    Estimated value
    13,320 sqft 2.23 AC lot
    View details
    10780 Gratiot Ave
    SHOPPING CENTER, STRIP CENTER

    10780 Gratiot Ave, Detroit, MI 48213-1262

    $530,000
    Estimated value
    12,464 sqft 2.98 AC lot
    View details
    25151 6th Mile Rd
    SHOPPING CENTER, STRIP CENTER

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

    $850,000
    Estimated value
    4,550 sqft 0.23 AC lot
    View details
    9210 Telegraph Rd
    SHOPPING CENTER, STRIP CENTER

    9210 Telegraph Rd, Redford, MI 48239-1284

    Value Estimation by Request
    4,761 sqft 0.22 AC lot
    View details
    4201 7th Mile Rd
    SHOPPING CENTER, STRIP CENTER

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

    Value Estimation by Request
    7,853 sqft 0.53 AC lot
    View details
    7611 Gratiot Ave
    SHOPPING CENTER, STRIP CENTER

    7611 Gratiot Ave, Detroit, MI 48213-2821

    $745,000
    Estimated value
    11,223 sqft 0.81 AC lot
    View details
    25537 5th Mile Rd
    SHOPPING CENTER, STRIP CENTER

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

    Value Estimation by Request
    4,400 sqft 0.18 AC lot
    View details

    Detroit, MI Strip Malls Market Trends and Statistics

    Explore 72 strip malls for sale in Detroit, MI, showcased through 9 active listings on our real estate platform. These investment opportunities span a total of 69,040 square feet of properties for sale, with an estimated market value of $5,898,840.

    Sale prices for retail strips in Detroit, MI start at $280,000, averaging $737,355, and reaching up to $1,999,900 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

    List
    Map

    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Storefront properties 262
    Automotive properties 201
    Auto shops 139
    Grocery and convenience stores 38
    Shopping centers 29

    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
    48234 $130K
    48223 $280K
    48205 $350K
    48224 $479K
    48213 $590K

    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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    Most Searched ZIP Codes in Detroit, MI

    • 48235
    • 48205
    • 48213
    • 48223
    • 48224
    • 48227

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