16125-16135 W McNichols RD, Detroit, MI 48235
16125-16135 W McNichols RD, Detroit, MI 48235
16125-16135 W McNichols RD, Detroit, MI 48235
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$399,900
Est. payment /mo
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6,400 SqFt
New

16125-16135 W McNichols RD Detroit, MI 48235

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Alicia Banks

Alicia Banks

+1(517) 712-9576

UPDATED:

Key Details

Property Type Commercial

Sub Type RealEstateOnly

Listing Status Active

Purchase Type For Sale

Square Footage 6,400 sqft

Price per Sqft $62

Subdivision Palmer Field Sub

MLS Listing ID 20261049924

Year Built 1946

Lot Size 0.290 Acres

Acres 0.29

Property Sub-Type RealEstateOnly

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!

Location

State MI

County Wayne

Area Area05033Detschcraft6Grnfldlimits

Interior

Heating Forced Air, Natural Gas

Fireplace No

Exterior

Parking Features AlleyAccess, ParkingLot, OnSite, OnStreet

Fence Fenced

View Y/N No

Roof Type Rubber

Garage false

Building

Foundation Slab

Sewer Public Sewer

Water Public

New Construction No

Schools

School District Detroit

Others

Senior Community false

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition ShortSaleNo, Standard

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Realcomp MLS
©2026 Realcomp II Ltd. Shareholders
Listed by Hassan Shukr of Own It Realty

NEARBY SCHOOL & BUSINESS

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Alicia Banks

Alicia Banks

Broker Associate | License ID: 6506047106

+1(517) 712-9576

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16125-16135 W McNichols RD