7500-7540 W McNichols Rd - Storefront FOR SALE


Detroit, MI 48221- Bagley
$450,000 USD
734-355-0660
7500-7540 W McNichols Rd, Detroit, MI for Sale
$450,000 USD
Storefront - FOR SALE
1/10
null | Request Cap Rate

7500-7540 W McNichols Rd
Detroit, MI 48221
Bagley


HIGHLIGHTS

  • Mixed Use Commercial. One unit is operating as a bar/restaurant by tenant. The rest needs to be restored.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$450,000 USD

PRICE/SF

$21 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1934

SPRINKLERS

-

PARKING SPACES

54

LAND DETAILS

LAND ACRES

0.87 AC

LAND SF

37,897 SF

ZONING

C

APN/PARCEL ID

16-0082602

ASK ABOUT THIS PROPERTY

Griffin KrebsbachO'Connor Real EstateMore Info
734-355-0660

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Griffin KrebsbachO'Connor Real EstateMore Info
734-355-0660

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.