Brad Glowe - Arterra Realty Logo
$250,000
( $11.47Per Sq Foot )
 $1,342 est/mo Sourced by Back At You

7500 W Mcnichols Road,Detroit, MI 48221

Detroit, MI 48221

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Description

**PRICED TO SELL | OFFER DEADLINE OCT 1st, 2026 | OPEN SHOWINGS TO PUBLIC TUESDAY, SEP 29th 1-2:30 PM** Incredible opportunity to own this expansive commercial property in the Bagley district. Built in 1934, with original limestone and terrazzo features on the exterior, options are plentiful for this building once restored. Offering 21,805 sqft of space, split amongst 6 different store fronts, perfect for local small business retailers. Located on revitalized and pedestrian friendly W. McNichols with bike lanes, extended side walks, and established businesses. Street parking and municipal parking lot across the street. Sitting across the street from First Merchants Bank, kitty corner to Metro Detroit Barber College and only a 10 minute walk to University of Detroit Mercy and Marygrove Conservancy and more. Property needs extensive renovations. The only usable space is occupied by a non-paying tenant operating as a bar/restaurant. Seller reserves right to decline offers at list price. Current list price is to encourage multiple bids. Water, Sewer & Property Tax bills amounting to approximately $25,000 will be Buyers responsibility.

Details

MLS #60982679
Listing TypeFor Sale
StyleCommercial
Sub-TypeResale
StatusActive
Days On Site186
Listing Provided ByO'Connor Realty Detroit, LLC | Daniel Ericksen

Features

SQ Feet21,805
ZoningCommercial
Acreage0.52

Exterior

Construction MaterialsStone, Wood Siding
Foundation DetailsSlab

Other

List AorReal Comp

Taxes

Property11529

Area Information

StateMI
CountyWayne
CityDetroit
Zip Code48221
AreaDetroit (82001)
Community NamePalmer Blvd Estates Sub
Listing VS Median (in Palmer Blvd Estates Sub)
Price:
$250,000
low | high
Med:
$197,000
71.2% of Average
sqft:
21,805
low | high
Med:
1,697
100% of Average
$ / sqft:
$11
low | high
Med:
$116
100% of Average
On site:
186
low | high
Med:
56.5
100% of Average
Sourced by Back At You

Market Activity 48221

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Learn More About This Property

Brad Glowe

Brad Glowe

Arterra

 (586) 651-0337brad.glowe@arterrarealty.com
StateMI
CountyWayne
CityDetroit
Zip Code48221
AreaDetroit (82001)
Community NamePalmer Blvd Estates Sub
Listing VS Median (in Palmer Blvd Estates Sub)
Price:
$250,000
low | high
Med:
$197,000
71.2% of Average
sqft:
21,805
low | high
Med:
1,697
100% of Average
$ / sqft:
$11
low | high
Med:
$116
100% of Average
On site:
186
low | high
Med:
56.5
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $187K - $312K
sqft: 16,000 - 27,000
Nearby Listings Property ImageNearby Listings Details
7500 W McNichols Road Property Photo 1
$250,000
7500 W Mcnichols Road
Detroit, MI 48221
Listing Updated: September 29, 2026 at 5:44:45 PM PDT