19801 Mcnichols RdDetroit, MI 48219

Property Details for 19801 Mcnichols Rd

Year built

1951

Lot size

0.32 AC

Property size (Sq ft)

3,106 SF

Property type

Commercial real estate

APN

22013292-8

APU

220132928

Description

This exceptional Detroit commercial property at 19801 W McNichols Rd, zip code 48219, offers three available retail spaces ranging from 706 to 1971 square feet. The total building size is 2725 square feet, with all 2725 square feet currently vacant. The property is ideally suited for a variety of retail uses, offering significant flexibility for businesses seeking adaptable space. Its location in a high-traffic area ensures maximum visibility and accessibility for customers. The property's prime position within a bustling neighborhood provides an excellent opportunity to establish a thriving business. This is an exceptional chance for entrepreneurs and established businesses alike to secure a prominent presence in a dynamic and growing commercial district. The property is categorized as retail, commercial, and commercial retail, offering a versatile space for various business models. The address is easily accessible and benefits from high foot traffic, making it an attractive location for a wide range of businesses. The property's size and layout provide ample space for various configurations, catering to diverse business needs. This is a unique opportunity to secure a well-located commercial space in a thriving Detroit neighborhood.

• CAP approach

  CAP return

  Valuation

  6%

  $602,604

  6.5%

  $556,250

  7%

  $516,518

• Comparable approach

  Method

  Valuation

  Relative Method

  $290,535

  Geo Method

  $290,535

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,080,630

  Retail / Commercial

  $556,979

  Mixed-Use / Specialty

  $557,230

  Hospitality / Lodging

  $411,735

  Office

  $556,250

  Institutional / Educational

  $580,095

  Residential Income

  $678,711

  Multifamily

  $801,606

  Automotive / Energy

  $497,224

  Parking / Income-Based Land

  $169,376

  Restaurant / Food Service

  $294,594

  Healthcare / Senior Housing

  $569,135

Location Insight

City

Detroit

County

Wayne

State

Michigan

Latitude

42.4149

Longitude

-83.2375

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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