13140 Mcnichols RdDetroit, MI 48235

For Sale
$325,000

High-Traffic Retail Building, Vacant

Overview

Added:
Dec 11, 2024
Days on market:
92
This 4,460 sq ft vacant retail building in Detroit, MI, presents a compelling investment opportunity. Situated on a 0.56-acre lot at 13140 E McNichols Rd, it boasts a prime location with high visibility and daily traffic counts exceeding 24,000 vehicles. Built in 1954, the property features three overhead doors, ideal for various uses including auto repair, car sales, or light industrial operations. A large, 12ft tall fenced area provides ample secure storage space. The property is zoned for commercial and light industrial uses, and benefits from a recently installed new roof. Its strategic location offers easy access to I-94. The asking price is $325,000, with a 13% cap rate. Seller financing is available with a $100,000 down payment. This versatile property is perfect for entrepreneurs seeking a high-traffic location with significant potential. The property is currently vacant, offering immediate occupancy for the new owner. This is a rare opportunity to acquire a well-located, adaptable property in a thriving area. The property's size and zoning make it suitable for a wide range of businesses. The motivated seller is eager to find the right buyer.

Highlights

  • $325,000 asking price for a vacant 4,460 SF retail property.
  • Absolute NNN lease type.
  • Located at 13140 E McNichols Rd, Detroit, MI 48235, on a 0.56-acre lot.
  • 13% cap rate.
  • Built in 1954, with Commercial/Light Industrial zoning.

Property Details for 13140 Mcnichols Rd

Property type
Other retail properties, Retail properties
Square Feet
4,460 SF
Year Built
1954
Lot Size (sq. ft)
24,394 SF

Location Insight

City
Detroit
County
Wayne
State
Michigan
Latitude
42.4224755
Longitude
-83.1916937
13140 Mcnichols Rd, Detroit, Michigan

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13140 Mcnichols Rd
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