Company Logo
SIGN UP LOG IN
Refine Search

16125-16135 W Mcnichols Road , Detroit, MI 48235

$399,900
  • 16125-16135 W Mcnichols Road , Detroit, MI 48235 Main Photo
Virtual Tour

45 Total Photos [Click to View All]

Active
SQUARE FEET6,400 MLS#20261049924
STATUSActive PROPERTY TYPECommercial - Retail SUBDIVISIONPalmer Field Sub SCHOOLDetroit

Property Description

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!

16125-16135 W Mcnichols Road | MLS# 20261049924

This commercial property located at 16125-16135 W Mcnichols Road , Detroit, MI 48235 is currently listed for sale with an asking price of $399,900. 16125-16135 W Mcnichols Road is located within the Detroit school district. Search Detroit real estate on www.griffithrealty.com today.

Property Features

Property Type: Commercial - Retail
Fenced: Yes
Lot Size: 0.29 Acres
Year Built: 1946

Amenities

Fenced

Feature Descriptions

Days on Site: 20
Exterior: Block, Brick
Foundation: Slab
Frontage Feet: 120
Lot Dimensions: 0.29 Acre(s)
Road Frontage: Paved
Summer Tax: $1740.2100
Water Heater: Natural Gas
Winter Tax: $205.6900
Year Remoldeled: 2020

Local Schools

School District: Detroit

Listed By / Shown By

Listed By

Agency Name: Own It Realty
Agency Phone: (313) 395-0000

Shown By

Agency Title: Griffith Realty
Agency Phone: 810-227-1016

IDX logo

Login to My Homefinder

Pixel