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16125-16135 W Mcnichols Road, Detroit city, Michigan

$399,900

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6,400

Square feet

0.29

Acres

About 16125-16135 W Mcnichols Road

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!

Features of 16125-16135 W Mcnichols Road

MLS® # 20261049924
Price $399,900
Bathrooms 0.00
Square Footage 6,400
Acres 0.29
Year Built 1946
Type Commercial
Status Active

Community Information

Address 16125-16135 W Mcnichols Road
Area 05033 - Det - Schcraft-6 Grnfld-Limits
Subdivision PALMER FIELD SUB
City Detroit city
County Wayne
State Michigan
Zip Code 48235

Amenities

Parking Parking Lot, On Site, On Street, Alley Access
Is Waterfront No
Has Pool No

Interior

Heating Forced Air, Natural Gas
Fireplace No

Exterior

Construction Block, Brick
Foundation Slab

School Information

District Detroit

Additional Information

Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeOwn It Realty
Contact Infoshukr@ownit2020.com

Listing Map

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