4929 Mcnichols RdDetroit, MI 48212

  • Retail properties
  • 8,600 SF
For Sale
$749,000 View listing

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
4929 Mcnichols Rd, Detroit, Michigan

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2020
$8,412
-
-
$115,800
-
-
-
$231,600

FAQs

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