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13703 W McNichols Rd
Detroit, MI 48235
5 Unit Plaza · Retail Property For Sale
Investment Highlights
- 5 Units - 4 Leased
- Updated Roof
- 106 Feet of Road Frontage
- New Rooftop HVAC
Executive Summary
Price Improvement - Exceptional Opportunity In This Versatile Shopping Center Located in a High-Visibility Area. Welcome to 13703 W McNichols Road, Located Just off the corner of McNichols & Schaefer with 106 feet of road frontage spanning almost 10,000 sq. ft., this single-level property, updated in 2022, offers endless potential for commercial, retail, service, or medical/dental use. Designed with durability and style, the exterior features brick and block construction, three new rooftop HVAC systems, outside lighting, and a updated rubber roof for low-maintenance longevity. Five units with four units currently leased. Alley access with ample lighted parking on-site and on-street. Adhering to zoning standards, this shopping center is ready to support a variety of businesses. Don’t miss this incredible opportunity to own a fully functional and recently updated strip mall in a thriving Detroit location.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
9,597 SF
Year Built
1953
Price
$547,747 CAD
Price Per SF
$57.07 CAD
Cap Rate
14.20%
NOI
$77,800 CAD
Percent Leased
80%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.92
Lot Size
0.24 AC
Zoning
B2 - General Business/Shopping Center
Frontage
Amenities
- Corner Lot
- Security System
- Signage
- Air Conditioning
- Smoke Detector
Property Taxes
| Parcel Number | 22-0127959 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $260,988 CAD |
Property Taxes
Parcel Number
22-0127959
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$260,988 CAD
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