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Active
$399,900

16125-16135 Mcnichols RoadDetroit, MI 48235

  • 6,400 sq ft
  • $62 per sq ft
  • 1946 built

Real estate only · Crary/St Marys · Listed Jun 30, 2026 · MLS# 20261049924

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About this home

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!

Interior

Living area
6,400 sq ft

Systems

Heating
Forced air, Natural gas
Water
Public
Sewer
Public sewer

Property

Type
Real estate only
Year built
1946
Lot
0.29 acres (120x105 ft)
Parking
Alley access, Parking lot, On site, On street
Subdivision
Palmer Field Sub
County
Wayne County
Annual taxes
$1,946 (estimate from the MLS)
NeighborhoodCrary/St MarysSchools, safety, home values and more homes for sale →

Listing courtesy of Hassan Shukr, Own It Realty. Listing data from Realcomp II Ltd. via IDX. MLS status last updated Jul 1, 2026. Information is deemed reliable but not guaranteed; confirm details with the listing agent.

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