1 of 3

2 of 3

3 of 3

•  Media
• Map
• Street View

16005 W Mcnichols Rd
Detroit, MI 48235 Grandmont

$550,000 USD

Fast Food For Sale  •  647 SF

Property Details

• Property Type Fast Food
• Total Building Size 647 SF
• Lot Size 0.19 AC
• Building Class C
• Year Built 1946
• Tenancy Single
• Zoning B2

52 Transit Score

66 Walk Score

Highlights

Pricing and returns: Purchase price $550,000. Current NOI $51,850 with a 9.06% cap rate. Pro forma NOI $68,444.9 with a 12.44% cap rate.

Low basis: 5,169 SF at $106 per SF, providing an attractive entry point for Detroit infill retail.

Recent capital program (2022–2024): New roof in 2022 with full tear-off and all new metal decking; new plumbing in 2024; new electrical in 2024.

Functional layout: Single-story strip with multiple entrances, supporting flexible multi-tenant configurations and straightforward demising.

Location and access: Prominent frontage on West McNichols within an established neighborhood commercial corridor, strong daily traffic.

Demographics: Dense trade area with approximately 21,549 residents within 1 mile, 155,615 within 3 miles, and 392,525 within 5 miles; solid household.

Public Transportation

Commuter Rail	Drive	Walk	Distance
Royal Oak Amtrak (Wolverine - Amtrak)	17 min	-	8.4 mi
Detroit (Wolverine - Amtrak)	15 min	-	8.7 mi
Airport	Drive	Walk	Distance
Windsor International	40 min	-	21.0 mi
Detroit Metro Wayne County	34 min	-	21.8 mi