For Sale
7500 W McNichols Road, Detroit, MI 48221
$450,000
MLS # 20261023649 (Realcomp)
Built 19340.52 acres
1 / 15
Listing Description
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.
Source: SparkMLS
About this home
Listed at $450,000.
Property tax estimate: $21,779 per year ($1,815/month). Estimate is based on county assessor records and current millage rates; actual tax may vary with PRE status and recent assessment changes.
Electric service is provided by DTE Electric Company; natural gas by DTE Gas Company.
Listing Property Details
Property TypeCommercial Sale
Bathrooms0
Lot Size0.52 acres
Year Built1934
Location
CityDetroit
Zip Code48221
CountyWayne
School DistrictDetroit
Construction & Systems
ConstructionWood Siding, Stone
WaterPublic
Sale & Financing
Listed4/8/2026
Source: SparkMLS
Tax Information
Annual Tax$6,732
Tax Year2025
State Equalized Value$265,000
Assessed Value$265,000
Parcel #16008260-2
Source: Public Records
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Daniel Ericksen
O'Connor Realty Detroit, LLC
Frequently Asked Questions about 7500 W McNichols Road, Detroit, MI 48221
What school district is 7500 W McNichols Road, Detroit, MI 48221 in?
Per MLS# 20261023649, this property is served by Detroit. In Michigan, school district boundaries are set by the state and do not always follow city limits.
How much are property taxes for this home?
Per MLS# 20261023649, the most recent reported annual property tax for 7500 W McNichols Road, Detroit, MI 48221 is $11,529. Michigan property taxes are based on a property's taxable value multiplied by the local millage rate. Primary residences qualify for a homestead exemption that lowers the rate.
Is 7500 W McNichols Road, Detroit, MI 48221 eligible for USDA financing?
Per USDA Rural Development boundary data, 7500 W McNichols Road, Detroit, MI 48221 is not in an eligible area. USDA eligibility is based on property location — properties within designated urban zones are excluded. Other low-down-payment options (FHA, VA) may still be available.
What is the FEMA flood zone designation for this property?
Per FEMA's National Flood Hazard Layer, 7500 W McNichols Road, Detroit, MI 48221 is in flood zone X (minimal risk). Flood insurance is not typically required in this zone but may still be advisable. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
Who are the utility providers for this property?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: DTE Gas Company. Water: Public. Confirm service details directly with providers.
How safe is this area?
Per our practice, crime and safety data should be obtained directly from the authoritative source. Wayne County law enforcement agencies participate in CLEMIS (Courts and Law Enforcement Management Information System) for public safety records.
Map
Tax Estimate
$
Annual tax$21,779
Monthly$1,815
Millage rate82.1844 mills
Municipality: Detroit
School district: DETROIT CITY SCHOOL DISTRICT
County: Wayne
Estimate based on SEV for a new buyer (taxable value resets to SEV on transfer). Actual taxes may vary. MI Treasury PT Estimator
Mortgage Calculator
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%
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Monthly payment$4,734
Principal & interest$2,919
Property taxes$1,815
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
DTE Electric Company
Investor-Owned
DTE Gas Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
7500 W McNichols Road, Detroit, MI 48221
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Neighborhood
Bagley
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Community
Detroit
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County
Wayne County
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