4929 Mcnichols RdDetroit, MI 48212
- Retail properties
- 8,600 SF
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
- Retail properties
- Property subtype
- 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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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