Exceptional Value-Add Retail Investment Opportunity! Prime multi-tenant retail center strategically positioned along the highly traveled W. McNichols corridor, offering approximately 6,400 square feet across six storefronts with an established tenant base and significant upside potential. The property is currently 66% occupied, providing immediate cash flow while two vacant approximately 1,200… Read More SF suites offer a clear path to increasing rental income and overall asset value. Recent capital improvements include new roofs on both buildings within the last five years, reducing near-term capital expenditures and enhancing long-term ownership stability. Tenants reimburse water, sewer, and trash expenses, helping preserve net operating income, while multiple leases extending through 2027 and 2028 provide dependable in-place cash flow. Positioned on a prominent road with outstanding visibility, excellent frontage, rear access, and strong daily traffic counts, the property offers outstanding exposure for retail, office, service, or owner-user occupancy. Whether you're expanding your investment portfolio, completing a 1031 exchange, or seeking a property with immediate income and measurable upside, this asset checks every box. Offered at an attractive basis well below replacement cost, this is an opportunity to acquire a stabilized neighborhood retail center spanning three parcels ( 22013026. , 22013027. & 22013028.001) with value-add potential in one of Detroit's busiest commercial corridors. Schedule your showing today! Read Less
Courtesy of Own It Realty.
Listing Snapshot
Days Online
24
Last Updated
Property Type
Commercial/Industrial
Square Ft.
6,400
Lot Size
0.29 Acres
MLS Number
61007451
Additional Details
Property Access
Paved Street
Amenities
Fence
Building
6,400 square feet
Exterior Features
Brick
Foundation
Slab
Water Features
Gas, Public Water
Heating
Forced Air, Natural Gas
Lot
0.29 acres, Lot size: 120X105
Property
Retail, Commercial
Roof
Rubber
Taxes
Total amount: $1,946
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