Redevelopment Opportunity 2 Retail Properties Offered at $4,326,360 CAD in Detroit, MI
INVESTMENT HIGHLIGHTS
- Redevelopment Opportunity
EXECUTIVE SUMMARY
This property is located at the southeast corner of McNichols Road and Schaefer Highway and is an excellent opportunity for a redevelopment. Having great exposure, this site is located across from Detroit Medical Center Sinai Grace Hospital. Two concept site plans have been designed, one with a bank and another with a drug store at the corner and both having additional retail. The location has abundant parking, excellent demographics, and good visibility. This property is zoned B3.
Aprox. 5.29 Acres for redevelopment. Located at the southeast corner of W. McNichols Road and Schaefer Highway.
Aprox. 5.29 Acres for redevelopment. Located at the southeast corner of W. McNichols Road and Schaefer Highway.
PROPERTY FACTS
| Price | $4,326,360 CAD |
| Price / SF | $91.45 CAD / SF |
| Sale Condition | Redevelopment Project |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 47,311 SF |
| Total Land Area | 3.28 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 16910-16940 Schaefer Hwy, Detroit, MI 48235 | Retail | 16,340 SF | 1940 | - |
| 13503-13505 W McNichols Rd, Detroit, MI 48235 | Retail | 30,971 SF | 1979 | - |
1 of 1
