16125-16135 W McNichols Road Detroit, MI $ 399,900
16125-16135 W McNichols Road
$ 399,900
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16125-16135 W McNichols Road

Detroit, MI, 48235
$ 399,900
Bedrooms-- Baths-- Sq 6,400

Monthly Estimate*

$ 2,525

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Commercial Property for sale in Detroit, MI

for $399,900. This 6,400 square foot building was built in 1946 on a lot size of 0.29.

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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Commercial Active

Price

$ 399,900

Property Type

Commercial

Taxes

$ 1,945

Style

RealEstateOnly

Lot Size

0.29

Year Built

1946

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

20261049924

Features
General
Sewer PublicSewer
Heating ForcedAir NaturalGas
Possession SubjectToTenantRights
Roof Rubber
Garage Spaces 0.0
Construction Materials Block Brick
Year Built 1946
Levels One
Property Subtype RealEstateOnly
Current Use Commercial
Business Type Retail
County Wayne
Net Operating Income 31832.0
Operating Expense 13768.0
New Construction N
Property Type CommercialSale
HOA N
Attached Garage N
Subdivision Name PALMER FIELD SUB
Garage Y/N N
Status Active
Directions West of Greenfield S Side of McNichols
City DetroitCity_Wayne
Senior Community Y/N N
High School District Detroit
Zoning Description Commercial
MLS Area Area05033DetSchcraft6GrnfldLimits
Lot Size Units Acres
Carport Y/N N
Land Lease Y/N N
Tax Annual Amount 1945.9
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 22264
Expected Active Date 2026-07-01
Legal Description S--W MC NICHOLS S 105 FT 201 PALMER FIELD SUB L37 P7 PLATS W C R 22/8 40 X 105
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Exterior
Fencing Fenced
Parking Features AlleyAccess ParkingLot OnSite OnStreet
Water Source Public
Foundation Details Slab
Spa N
Building Area Total 6400.0
Lot Dimensions 120X105
Lot Size Acres 0.29
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 N
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 6400.0
Above Grade Finished Area Unit Type SquareFeet
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Internal Only
Street Number 1 16125
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* Excluded Features
List By
Hassan Shukr

Listing Agent

Own It Realty

Broker

(313) 246-4646

Phone

Affordability Calculator

$2,687
Per Month
94%
6%
0%
Monthly Principal & Interest
$2,525
Monthly Property Taxes
$162
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
Pricing History
DatePricePrice ChangeDescription
7/1/2026$399,900 Listed Price

Map


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16125-16135 W McNichols Road, Detroit, MI, 48235 is a Commercial Property for sale at $399,900 with 6,400 sqft and a lot size of 0.29. 16125-16135 W McNichols Road was built in 1946. The property's zip code is 48235 which is in Detroit, MI