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$399,900
New Listing

16125-16135 W McNichols Road
Detroit City, MI 48235

For Sale|Commercial Sale|Active
0
Beds
0
Total Baths
6,400
SqFt
$62
/SqFt
1946
Built
Subdivision:
PALMER FIELD SUB
County:
Wayne

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1-248-228-6711
16125-16135 W McNichols Road16125-16135 W McNichols Road16125-16135 W McNichols Road16125-16135 W McNichols Road
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Exceptional Value-Add Retail Investment Opportunity! Prime multi-tenant retail center strategically positioned along the highly traveled W. McNichols corridor, offering approximately 6,400 square feet across six storefronts with an established tenant base and significant upside potential. The property is currently 66% occupied, providing immediate cash flow while two vacant approximately 1,200 SF suites offer a clear path to increasing rental income and overall asset value. Recent capital improvements include new roofs on both buildings within the last five years, reducing near-term capital expenditures and enhancing long-term ownership stability. Tenants reimburse water, sewer, and trash expenses, helping preserve net operating income, while multiple leases extending through 2027 and 2028 provide dependable in-place cash flow. Positioned on a prominent road with outstanding visibility, excellent frontage, rear access, and strong daily traffic counts, the property offers outstanding exposure for retail, office, service, or owner-user occupancy. Whether you're expanding your investment portfolio, completing a 1031 exchange, or seeking a property with immediate income and measurable upside, this asset checks every box. Offered at an attractive basis well below replacement cost, this is an opportunity to acquire a stabilized neighborhood retail center spanning three parcels ( 22013026. , 22013027. & 22013028.001) with value-add potential in one of Detroit's busiest commercial corridors. Schedule your showing today!

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Listing Snapshot
Price 
$399,900
Days On Site 
0 Days
Bedrooms 
N/A
Inside Area (SqFt) 
6,400 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.29 Acres
Year Built 
1946
MLS® Number 
20261049924
Status 
Active
Property Tax 
$1,945.9
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Public Records
Friends & Family
Recent Activity
10 hours agoListing first seen on site
10 hours agoListing updated with changes from the MLS®
General Features
Acres 
0.29
Additional Property Use 
Commercial
Cross Street 
W McNichols & Greenfield
Foundation 
Slab
Levels 
One
Parking 
Alley AccessParking LotOn SiteOn Street
Sewer 
Public Sewer
Special Circumstances 
Standard
SqFt Above 
6400
SqFt Total 
6400
Water Source 
Public
Zoning 
Commercial
Interior Features
Appliances 
Gas Water Heater
Heating 
Forced AirNatural Gas
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Exterior Features
Construction Details 
BlockBrick
Fencing 
Fenced
Roof 
Rubber
Community Features
Financing Terms Available 
CashConventional
MLS Area 
Area05033DetSchcraft6GrnfldLimits
Roads 
Paved
School District 
Detroit
Schools
School District
Detroit
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of Own It Realty: [email protected]



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Neighborhood & Commute
Source: Walkscore
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