5034 E McNichols Rd / Mixed-Use Multifamily & Retail

Investment Overview

5034 E McNichols Rd presents a compelling mixed-use retail investment opportunity in a 4,800 SF, two-story building originally constructed in 1926 and renovated in 2021. The property features two first-floor retail units of 1,200 SF each, with the potential to create contiguous space, along with two second-floor residential loft units configured as 2-bedroom, 1-bath layouts. The building is being offered vacant, creating flexibility for an owner-user or investor. Additional features include a 1,200 SF basement framed for future office or room buildout, ample natural light with two windows per unit, an overhead door, 40 feet of frontage, and city water, sewer, and natural gas. The property is zoned B4 General Business District and is located within a Qualified Opportunity Zone. There is also an opportunity to assemble with lots owned by the Detroit Land Bank.

Investment Highlights

• 4,800 SF with Basement (1,200 SF)
• 2,400 SF, two retail units on first floor (1,200 SF each), contagious space
• 2,400 SF, two residential loft units on second floor (2 Bed, 1 Bath)
• Ample natural light with two windows per unit
• B-4 General Business District
• 40 ft Frontage
• Overhead Door
• City Water & Sewer, Natural Gas
• Located just off the hard corner, signalized light at McNichols & Davison St
• Side street at Conley St and McNichols
• Basement is framed to build out for additional office/rooms