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    Wayne County, MI Strip Malls for Sale

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    17 properties
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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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    Downtown Food Market Retail Building
    Updated: Apr 20
    Downtown Food Market Retail Building

    36521 Goddard Rd, Romulus, MI 48174

    $699,900
    14,890 sqft
    14,890 SF building in downtown Romulus, formerly operated as a food market
    Located on busy Goddard with walking distance access to downtown Romulus
    Mixed‑use potential and possible conversion into a strip mall with smaller units
    Large on‑site parking area to accommodate customers
    Loading dock and bay door for loading access
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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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    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
    Strip Center on Kelly Road
    Strip Center on Kelly Road

    19528 KELLY Rd, Harper Woods, MI 48225

    $999,900
    0.54 AC lot

    Strip center with long-term tenants and below-market rental rates.

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    Updated Retail Plaza With Offices
    Updated Retail Plaza With Offices

    22909 Van Born Rd, Taylor, MI 48180

    $399,900

    Well-maintained plaza with three storefronts, each with its own bathroom, storage area, and updated HVAC, plus fenced back parking.

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    Ford Road Redevelopment Opportunity
    Ford Road Redevelopment Opportunity

    37623 FORD Rd, Westland, MI 48185

    $650,000
    0.69 AC lot

    Property on Ford Road with high traffic volume.

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    Retail Plaza with Multiple Units
    Retail Plaza with Multiple Units

    13601 Greenfield Road, Detroit, MI 48227

    Contact for pricing
    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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    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.

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    Corner Strip Mall Retail Units
    Corner Strip Mall Retail Units

    16120 MOROSS RD, Detroit, MI 48205

    Contact for pricing
    4,650 sqft

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

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    Telegraph Road Retail Investment Opportunity
    Telegraph Road Retail Investment Opportunity

    3901-3907 S Telegraph Rd, Dearborn Heights, MI

    Contact for pricing
    5,640 sqft 0.20 AC lot

    Fully leased retail property on busy Telegraph Road corridor.

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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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    Downtown Multi-Tenant Retail Center
    Downtown Multi-Tenant Retail Center

    504 Main St, Belleville, MI 48111

    Contact for pricing
    5,895 sqft

    Multi-tenant retail center with frontage on Main Street in downtown Belleville, featuring a mix of local service tenants.

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    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.

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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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    Corner Strip Retail Investment
    Corner Strip Retail Investment

    19151 KELLY RD, Detroit, MI 48224

    Contact for pricing
    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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    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 Potential Opportunities for your consideration. Besides 17 Active Listings in Wayne County, MI, we suggest to view alternatives - similar 55 Off-Market properties to explore as potential leads.

    Off-Market Properties in Wayne County, MI

    Consider similar Off-Market properties in Wayne County, 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.

    42000 Frd Rd
    SHOPPING CENTER, STRIP CENTER

    42000 Frd Rd, Canton, MI 48187-3646

    $18,120,000
    Estimated value
    167,491 sqft 18.59 AC lot
    View details
    27445 Michigan Ave
    SHOPPING CENTER, STRIP CENTER

    27445 Michigan Ave, Inkster, MI 48141-2201

    $3,750,000
    Estimated value
    69,350 sqft 6.93 AC lot
    View details
    31501 Joy Rd
    SHOPPING CENTER, STRIP CENTER

    31501 Joy Rd, Westland, MI 48185-1641

    $2,670,000
    Estimated value
    32,368 sqft 3.60 AC lot
    View details
    41106 5th Mile Rd
    SHOPPING CENTER, STRIP CENTER

    41106 5th Mile Rd, Plymouth, MI 48170-2665

    $865,000
    Estimated value
    6,144 sqft 0.94 AC lot
    View details
    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
    952 Newburgh Rd
    SHOPPING CENTER, STRIP CENTER

    952 Newburgh Rd, Westland, MI 48185-3286

    $1,055,000
    Estimated value
    14,208 sqft 1.13 AC lot
    View details
    37100 6th Mile Rd
    SHOPPING CENTER, STRIP CENTER

    37100 6th Mile Rd, Livonia, MI 48152-2777

    $3,340,000
    Estimated value
    38,843 sqft 3.70 AC lot
    View details

    Wayne County, MI Strip Malls Market Trends and Statistics

    Explore 72 strip malls for sale in Wayne County, MI, showcased through 17 active listings on our real estate platform. These investment opportunities span a total of 95,465 square feet of properties for sale, with an estimated market value of $4,949,600.

    Sale prices for retail strips in Wayne County, MI start at $399,900, averaging $707,085, 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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