Map
Listed price in listed location currency (USD).
$399,900

000

MLS® 20261049924

  • Key Facts
  • Description
  • Map

Key Facts

Type Other
Levels Commercial Sale
Size 6400 sqft
Garage No
Maintenance Fees 
Taxes $1,946
Days Active 17
Approx. Age 1946
Avg. Price Per Sqft $62
MLS® Number 20261049924

Property Address: 16135-16125-16135 W Mcnichols Rd, Detroit, MI, 48235-3563

Average square foot calculated using Size range provided by listing agent.

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!
MLS® Number20261049924
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1946
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatForced Air, Natural Gas
A/C

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jul 1, 2026List Date
$399,900List Price
  • Commute

Commute

Starting Address
Destination Address
16125-16135 W Mcnichols Rd, Detroit, MI

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