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Jim Blehm

Team Owner, Realtor® | The Blehm Group | Keller Williams

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1612516135 16125-16135 W Mcnichols Rd , Detroit, MI 48235
$399,900
Est. Payment: $888.67/mo
0 Bed
0 Bath
6400 Sqft
Status: Active | Days on site: 78
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399147 - 378246
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House 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!

Highlights

Listed by Hassan Shukr , 313-246-4646 Own It Realty , 313-395-0000.

Property Type

Commercial Sale

Lot/Acreage
0.29

Year Built

1946

County

Wayne

School District

Detroit

Listing ID

20261049924

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Water:Public

Exterior Features

Roof:Rubber
Principal Interest
$889
Taxes
$162

Home Price

$399,900

Loan Details

30 yrs
%

Down Payment

20%
$79,980
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Monthly Price:
$888.67

Principal

Taxes

Principal Taxes HOA Total
Monthly $888.67 $162.16 $0.00 $1,050.83
Yearly $10,664.00 $1,945.90 $0.00 $12,609.90
Total $319,920.00 $58,377.00 $0.00 $378,297.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Detroit, MI).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.