4929 Mcnichols RdDetroit, MI 48212

Property Details for 4929 Mcnichols Rd

Year built

1940

Lot size

0.51 AC

Property size (Sq ft)

8,600 SF

Zone code

B4

Property type

Auto shops

APN

13007280-4

APU

130072804

Description

This exceptional 8,500 square foot executive office building presents a compelling investment opportunity in Detroit, Michigan. Located at 4929 E McNichols Rd, this property sits on a highly visible corner lot spanning 0.52 acres. The building's substantial size offers ample space for a variety of business needs, while the convenient location ensures easy access for clients and employees. The property features a fenced-in lot, providing enhanced security and privacy. Ample parking is available, addressing a key concern for businesses and their clientele. The asking price for this turnkey executive office space is $749,000. This property is situated in Wayne County, Michigan, with the precise address being 4929 E McNichols Rd, Detroit, MI 48212. Its strategic location offers excellent visibility and accessibility, making it an ideal choice for businesses seeking a prominent presence in the Detroit market. The combination of size, location, and features makes this an attractive proposition for discerning investors and businesses alike. The property is currently offered for sale and presents a rare opportunity to acquire a well-situated and substantial commercial building in a thriving area.

• CAP approach

  CAP return

  Valuation

  6%

  $2,629,352

  6.5%

  $2,427,094

  7%

  $2,253,730

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,027,199

  Geo Method

  $2,027,199

• Alternative Use

  Use

  Valuation

  Residential

  $2,047,344

  Hospitality

  $1,875,356

  Educational

  $1,560,274

  Medical

  $1,613,935

  Retail

  $2,427,094

Location Insight

City

Detroit

County

Wayne

State

Michigan

Latitude

42.4191

Longitude

-83.0533

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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