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    21710 29 Mile Rd Ray, MI 48096

    New
    For Sale
    $375,000

    Commercial/Industrial - Ray, MI

    Property size:
    3,752 SF
    Lot size:
    0.65 Acres
    Days on Market:
    2
    Last Refresh:
    Dec 15 at 7:06 am

    Property Features for 21710 29 Mile Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial
    APN
    21-05-22-227-001
    Interior features
    110 Volt Power, 220 Volt Power, Bath, Cable Internet Installed, Concrete Floor, Private Restrooms, Telephone, Tile Floors
    Size
    3,752 SF
    Lot size
    0.65 Acres

    Utilities

    Utilities
    Phone Available
    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1942
    Flooring type
    Concrete, Tile
    Building materials
    Block, Concrete
    Roof type
    Metal
    Architectural style
    Other

    CENTURY 21 Town & Country (248) 608-5000 [email protected]

    Listing agent Ahmed Arafa (586) 731-8180 License #6506048224

    Listing date Dec 14, 2025

    MLS# 50182364 Listing URL

    Copyright © 2025 Multiple Listing Service MiRealSource. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Building in Ray, MI

    This two-story, three-unit mixed-use building is located in a high-traffic, high-visibility area. The property includes two 938-square-foot apartments on the upper level, each featuring two bedrooms and one bathroom, with private entrances. The lower level comprises 1,876 square feet and is currently used as living quarters, but it can be converted back to business use as a store, retail space, or office. The property is situated on a 0.65-acre lot that allows space for expansion. The building is suitable for entrepreneurs looking to establish a business and generate rental income from the apartments. The property offers possibilities for additional income streams. The building's total size is 3,752 square feet. The property is zoned commercial.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Kitchen & Bath Electrical Service Plumbing Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ray
    County
    Macomb
    State
    Michigan
    Longitude
    -82.902692
    Latitude
    42.761078

    Nearby Similar for Sale

    • New
      $375,000
      3,752 SF

      Mixed-Use Building in Ray, MI

      Two-story, three-unit building with business potential in Ray, MI.
      21710 29 Mile Rd, Ray, MI 48096
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Two apartments plus commercial space in high-traffic area.
    Where is this mixed-use property located?
    The property is located at 21710 29 Mile Rd Ray, MI.
    What is the asking price?
    The asking price for this property is $375,000.
    What are key features of this property?
    This property features: - High CAP Rate (8% or more) with potential for increased rental income.; - Versatile lower level: Can be used as living quarters or converted to business use (store, retail, office).; - Two spacious 2-bedroom apartments provide steady rental income.
    (586) 731-8180
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    21710 29 Mile Rd Ray, MI 48096
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