11301 Mcnichols RdDetroit, MI 48234

Property Details for 11301 Mcnichols Rd

Year built

1959

Lot size

0.20 AC

Property size (Sq ft)

7,183 SF

Zone code

B4

Property type

Specialty properties

APN

17004231-4

APU

170042314

Description

This 7,183 square foot mixed-use commercial building in Detroit, Michigan, presents a compelling investment opportunity. Built in 1959, the property is zoned for commercial use and features four rentable units. The front unit, previously a rental hall, includes a warmer room, two restrooms, a utility room, and storage. The rear unit was a print shop. The second floor comprises nine rooms and two half-baths. A fourth unit has been used for storage. Two units (2,136 sq ft each) are currently available for lease, with lease rates of $2,900 and $3,500 respectively. The upstairs unit (2,136 sq ft) requires renovations. The property boasts ample parking. The building has two gas meters and two electric meters servicing the units. While some renovations are ongoing, the older boiler is currently functional. Room sizes are approximate. The property is located at 11301 E McNichols Rd, Detroit, MI 48234. This property offers significant income potential through leasing all four units or utilizing one for your own business. The asking price is $350,000. Please note: Buyer to verify all information.

• Alternative Use

  Use

  Valuation

  Residential

  $1,710,009

  Hospitality

  $1,566,359

  Educational

  $1,303,192

  Medical

  $1,348,011

  Retail

  $2,027,188

Location Insight

City

Detroit

County

Wayne

State

Michigan

Latitude

42.4201

Longitude

-83.0087

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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