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8500 W McNichols Road Detroit, MI $ 350,000
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$ 350,000 Get more info
8500 W McNichols Road
$ 350,000
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8500 W McNichols Road

Detroit, MI, 48221
$ 350,000
Bedrooms-- Baths-- Sq 2,802

Monthly Estimate*

$ 2,155

8500 W McNichols Road, Detroit, MI 48221 - Image 1
8500 W McNichols Road, Detroit, MI 48221 - Image 2
8500 W McNichols Road, Detroit, MI 48221 - Image 3
8500 W McNichols Road, Detroit, MI 48221 - Image 4
8500 W McNichols Road, Detroit, MI 48221 - Image 5

Commercial Property for sale in Detroit, MI

for $350,000. This 2,802 square foot building was built in 1938 on a lot size of 0.07.

Versatile, income – producing commercial property, located directly across from Mary Grove College campus. This unique building currently features a clothing, boutique, hair salon, and even has a studio apartment. Offering multiple revenue streams of income under one roof. Ideal for investor, owner/operators, or entrepreneur, high visibility location with flexible use potential. Suitable for retail, beauty services, office space, creative Studios, or live – work arrangements. Recent updates and a strategic location near ongoing redevelopment make this an excellent long-term investment opportunity.

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Commercial Active

Price

$ 350,000

Property Type

Commercial

Taxes

$ 1,738

Style

BusinessandRealEstate

Lot Size

0.07

Year Built

1938

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

20261004816
Features
General
Sewer PublicSewer
Heating ForcedAir NaturalGas
Cooling CentralAir
Possession AtClose
Garage Spaces 0.0
Construction Materials Block
Year Built 1938
Levels Two
Property Subtype BusinessandRealEstate
Current Use Commercial Retail Service
Business Type Retail
County Wayne
Net Operating Income 21600.0
Operating Expense 12000.0
New Construction N
Property Type CommercialSale
HOA N
Attached Garage N
Subdivision Name MARYGROVE HOMES PARK
Garage Y/N N
Status Active
Directions Major cross street is W. Mcnichols and Wyoming
City DetroitCity_Wayne
Senior Community Y/N N
High School District Detroit
Zoning Description Commercial
MLS Area Area05042Det6TireGrnfldLivernois
Lot Size Units Acres
Carport Y/N N
Land Lease Y/N N
Tax Annual Amount 1738.0
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Occupancy Type Tenant
Tax Assessed Value 9337
Expected Active Date 2026-01-23
Legal Description N--W MC NICHOLS RD 7 MARYGROVE HOMES PARK L62 P39 PLATS W C R 16/421 28.23 X 100
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Exterior
Water Source Public
Spa N
Building Area Total 2802.0
Lot Dimensions 28.23X100
Lot Size Acres 0.07
Waterfront Y/N N
Road Frontage Type Paved
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 2802.0
Above Grade Finished Area Unit Type SquareFeet
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Internal Only
Street Number 1 8500
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* Excluded Features
List By
Yvonne Velez

Listing Agent

Dedicated Realty Llc

Broker

(313) 297-9800

Phone

Affordability Calculator

$2,300
Per Month
94%
6%
0%
Monthly Principal & Interest
$2,155
Monthly Property Taxes
$145
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
848539 Elementary School
848135 Middle School
Unknown High School High School
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Pricing History
DatePricePrice ChangeDescription
1/23/2026$350,000 Listed Price

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8500 W McNichols Road, Detroit, MI, 48221 is a Commercial Property for sale at $350,000 with 2,802 sqft and a lot size of 0.07. 8500 W McNichols Road was built in 1938. The property's zip code is 48221 which is in Detroit, MI

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