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21568436
21159063

21370 W McNichols Rd, Detroit, MI 48219

MP
MI 6501386692
Signature Associates
Listed by Signature Associates
$1,600,000
511 days on market
Updated 56 days ago
Opportunity zone

21370 W McNichols Rd

Details
Property Type Retail
Sub Type Storefront
Square Footage 5,800
Units 3
Occupancy 100%
Tenancy Multi
Price per SqFt $276
Year Built 2020
Year Renovated 2020
Buildings 1
Stories 1
Acreage 0.710
Zoning B4
Parking Spaces 44 spaces
Parking Per SqFt 7.59

Retail | 5,800 SqFt

Marketing description

Signature Associates is pleased to present Vik’s Plaza. The retail plaza, located at 21370 W. McNichols in Detroit, offers an exceptional investment opportunity. This fully-occupied, 5,800-square-foot property is strategically positioned on 0.71 acres of land, providing excellent frontage along the W. McNichols corridor. The property includes a 2,200-square-foot office on the second floor. The location benefits from significant visibility and high traffic counts due to its proximity to Grand River Avenue and W. McNichols, ensuring a steady flow of potential customers and strong demand for retail tenants.

This modern retail plaza is home to three well-established tenants: Vik's Coney Island, Nail & Bar, and Wing Stop. These businesses contribute to a reliable income stream, making the property an attractive, stable investment. The plaza underwent a retrofit in 2020, transforming it into a sleek and contemporary commercial space that appeals to both tenants and their clientele. Its updated design enhances the property’s overall value and positions it competitively within Detroit’s retail market.

In addition to its strategic location and modern amenities, the property offers a total of 44 parking spaces, providing ample convenience for patrons and supporting the operations of its tenants. The combination of its high visibility, modern design, and accessibility ensures that the plaza remains a sought after destination for both customers and businesses alike.

This fully-leased retail pad offers investors a rare opportunity to acquire a turn-key asset in one of Detroit’s thriving commercial districts. With its premium location, strong tenant base, and modern upgrades, the plaza at 21370 W. McNichols represents a smart addition to any investment portfolio.

Investment highlights

  • Sale price is $1,600,000

Listing Contacts

MP
MI 6501386692
Signature Associates
Listed by Signature Associates

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