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    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.
    View details
    Commercial Land Portfolio
    Updated: Mar 5
    Commercial Land Portfolio

    11908-11940 Conner St, Detroit, MI 48205

    Contact for pricing
    1,500 sqft
    14 lots totaling 2.31 acres
    Portfolio includes parcels on Conner St, W Warren Ave, and W Jefferson Ave
    Multiple lots located across the street from Coleman A. Young Municipal Airport
    Includes a retail center and several vacant lots
    R3 zoning
    View details
    6-Bay Commercial Warehouse
    6-Bay Commercial Warehouse

    4620 N 7 Mile Rd, Detroit, MI 48234

    $239,900

    Additional land next door is included, subject to City of Detroit approval for the intended business use.

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    See what stands out in Wayne County

    We check every for-sale listing in the county against comparable properties across the country. Most price about where you would expect. A few are worth a second look.

    We check every listing here. A few are worth a second look.

    Cap Rate available after sign in
    NOI available after sign in
    Local Demand available after sign in
    Retail Building with Adjacent Lots
    Retail Building with Adjacent Lots

    10251 Chalmers St, Detroit, MI 48213

    Contact for pricing
    2,600 sqft

    Retail property accompanied by two adjacent lots and positioned on Chalmers Street.

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    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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    Corner Mixed-Use Property
    Corner Mixed-Use Property

    11351 Seven Mile E, Detroit, MI 48234

    Contact for pricing

    Multiple commercial units accompany a one-bedroom apartment, with glass entry doors and picture windows.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    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

    Contact for pricing
    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 76 Potential Opportunities for your consideration. Besides 8 Active listings in Detroit, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 64 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.

    Multi-Tenant Shopping Center Near CVS
    Multi-Tenant Shopping Center Near CVS

    30598 - 30860 Southfield Road, Southfield, MI 48076

    $10,200,000
    53,500 sqft

    Retail center with established national, regional, dining, automotive, and healthcare occupants in a prominent suburban trade area.

    View details
    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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    Strip Retail Center with NNN Potential
    Strip Retail Center with NNN Potential

    15600 West 10 Mile Road, Southfield, MI 48075

    $4,625,000

    Value-add strip center with 14 tenants and a staggered lease expiration schedule.

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    Two-Space Retail Offering
    Two-Space Retail Offering

    25215-25217 Gratiot Avenue, Roseville, MI 48066

    Contact for pricing
    825 sqft

    Positioned beside a Dollar General building along Gratiot Avenue.

    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

    $1,205,000
    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

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

    10501 Joy Rd, Detroit, MI 48204-3017

    $495,000
    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

    $490,000
    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

    $590,000
    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

    $320,000
    Estimated value
    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

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

    11000 Jefferson Ave, Detroit, MI 48214-3268

    $665,000
    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

    $600,000
    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

    $785,000
    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

    $290,000
    Estimated value
    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

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

    7611 Gratiot Ave, Detroit, MI 48213-2821

    $380,000
    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

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

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

    $730,000
    Estimated value
    13,160 sqft 0.79 AC lot
    View details

    Detroit, MI Strip Malls Market Trends and Statistics

    Explore 72 strip malls for sale in Detroit, MI, showcased through 8 active listings on our real estate platform. These investment opportunities span a total of 29,391 square feet of properties for sale, with an estimated market value of $789,900.

    Sale prices for retail strips in Detroit, MI start at $239,900, averaging $394,950, and reaching up to $550,000 — 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 288
    Automotive properties 165
    Auto shops 105
    Grocery and convenience stores 49
    Shopping centers 32

    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 $239.9K
    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)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Wayne County

    Office

    Residential Income

    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

    • 48213
    • 48234
    • 48235
    • 48205
    • 48223

    Featured Detroit Real Estate Agencies

    Realmo connects you with licensed Detroit CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    Downtown Realty
    500 Griswold Ste 2420 Detroit, MI 48226
    Phone: 13134667253
    downtownrealty.us
    @properties Detroit
    3100 Woodward Ave, Suite 102 Detroit, MI 48201
    Phone: 13132300510
    www.atpropertiesdetroit.com/

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