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What is Agodi Market / MKH Shopping Mall
Agodi Market is part of the commercial hubs in Ibadan that historically serves many traders and shoppers. According to recent news, after a destructive fire and subsequent demolitions of some old market facilities, the state government teamed up with a real estate firm to redevelop the space.
The Guardian Nigeria
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Vanguard News
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The redevelopment is happening under MKH Shopping Mall --- a purpose-built modern retail complex located at Agodi.
MKH Properties
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The plan for MKH Shopping Mall includes over 700 retail units (shops) to restore and boost commercial activity in the area.
The Guardian Nigeria
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The project is a partnership between the Oyo State Government and MKH Properties, which is intended to supply structured, modern, and secure shop spaces for traders --- replacing the old informal shops and open-street trade setups.
MKH Properties
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The investment model (as quoted publicly) suggests a 25-year leasehold structure, with options for standard or premium units and a relatively low initial deposit (for the target market).
MKH Properties
What Makes It a Promising Investment or Buy-In Option
Here are the major reasons why putting money into this project now could have strong upside:
High demand for formal shops: Because old shops were destroyed or demolished, there's now a shortage of structured, secure, and modern retail units. That means demand for well-built shops in a central area like Agodi is likely to remain high.
The Guardian Nigeria
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Large scale & organized retail layout: 700+ units, modern design, professional facility management, infrastructure (roads, power, security) --- this helps attract stable tenants, making rental yield or resale value more reliable than informal setups.
MKH Properties
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Government backing / legitimacy: Because the project is in partnership with the state government, it has a legitimacy and regulatory backing that reduces risk compared to purely private/unregulated markets.
The Guardian Nigeria
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Potential for long-term cash flow: With proper take-up of the shops (by traders, businesses, etc.), rental income over a 20-25 year period could offer steady returns, especially as commercial activity in Ibadan continues and urbanization grows.
Revived commercial hub: The redevelopment and modernization of Agodi Market helps reposition the area as a key retail/commercial hub --- which could bring increased foot traffic, auxiliary businesses (transport, services), and rising value for shop-owners/investors.
* EARN WITH MKH SHOPPING MALL*
You don't have to run a shop to profit from one.
MKH Shopping Mall lets you earn without being physically present.
*Agodi Gate, Ibadan*
* Premium Downstairs Shop - N13M*
* Premium Upstairs Shop -N12M*
*Initial Deposit - N2M*
Make the move now. Reach out to us today for more information or to secure your unit.
For more information and property viewing: call/WhatsApp:
Phone no1: 08051428572
Phone no2: 09016952553
| Property Ref: 3243135 | Added On: 08 Dec 2025 | Last Updated: 08 Dec 2025 |
| Market Status: Available | Type: Plaza / Complex / Mall |
Ibadan's intriguing facts highlight its historical importance as the home to Nigeria's oldest university town. Renowned as the "City of Brown Roofs," it boasts a captivating skyline adorned with roofs of reddish-brown hues. Additionally, Ibadan played a pivotal role in the cocoa revolution, and remnants of ancient city walls stand as testaments to its storied past. The city thrives on vibrant cultural festivals and features remarkable landmarks such as the iconic Bower's Memorial Tower.
Ibadan presents a delightful blend of contemporary shopping complexes, cultural bazaars, and places of amusement, catering to a wide range of preferences. The city boasts a vibrant array of markets and recreational hubs such as Cocoa House, Shoprite Ibadan Mall, Agodi Gardens, Bodija Market, and Ventura Mall, offering a diverse range of choices for leisure, shopping, and unwinding in the urban landscape.
Ibadan showcases a collection of distinguished residential estates, including Alalubosa GRA, ACE Estate, Bodija Estates, Oluyole Estate, Iyaganku GRA, and Akobo GRA. These esteemed enclaves present residents with remarkable architectural wonders, serene surroundings, and convenient proximity to essential amenities, culminating in an unparalleled living experience that exceeds expectations. Each estate offers a unique blend of tranquility, opulence, and accessibility, making them sought-after destinations for those seeking a truly exceptional place to call home.
During the day, Ibadan comes alive with a vibrant atmosphere, offering a wide range of restaurants, family-friendly attractions, and interesting establishments. You can explore various dining options, including Mauve 21, and enjoy family outings at popular places like Agodi Gardens and the University of Ibadan Zoo. Additionally, you'll find shopping centers like Heritage Mall, providing ample opportunities for dining, entertainment, and delightful experiences with your loved ones.
Read the full area guide for Ibadan, Oyo.
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