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Jim Blehm

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

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7500 W McNichols Rd , Detroit, MI 48221
$250,000
Est. Payment: $555.56/mo
0 Bed
0 Bath
21805 Sqft
Status: Active | Days on site: 134
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432270 - 408419
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House Description

**PRICED TO SELL | OFFER DEADLINE OCT 1st, 2026 | OPEN SHOWINGS TO PUBLIC TUESDAY, SEP 29th 1-2:30 PM** Incredible opportunity to own this expansive commercial property in the Bagley district. Built in 1934, with original limestone and terrazzo features on the exterior, options are plentiful for this building once restored. Offering 21,805 sqft of space, split amongst 6 different store fronts, perfect for local small business retailers. Located on revitalized and pedestrian friendly W. McNichols with bike lanes, extended side walks, and established businesses. Street parking and municipal parking lot across the street. Sitting across the street from First Merchants Bank, kitty corner to Metro Detroit Barber College and only a 10 minute walk to University of Detroit Mercy and Marygrove Conservancy and more. Property needs extensive renovations. The only usable space is occupied by a non-paying tenant operating as a bar/restaurant. Seller reserves right to decline offers at list price. Current list price is to encourage multiple bids. Water, Sewer & Property Tax bills amounting to approximately $25,000 will be Buyers responsibility.

Highlights

Listed by Daniel Ericksen , 248-376-2231 O'Connor Realty Detroit, LLC , 313-963-9891.

Property Type

Commercial Sale

Lot/Acreage
0.52

Year Built

1934

County

Wayne

School District

Detroit

Listing ID

20261023649

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Interior Features

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

Exterior Features

Principal Interest
$556
Taxes
$961

Home Price

$250,000

Loan Details

30 yrs
%

Down Payment

20%
$50,000
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Monthly Price:
$555.56

Principal

Taxes

Principal Taxes HOA Total
Monthly $555.56 $960.79 $0.00 $1,516.35
Yearly $6,666.67 $11,529.48 $0.00 $18,196.15
Total $200,000.00 $345,884.40 $0.00 $545,884.40

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.