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    21710 29 Mile Rd Ray, MI 48096

    For Sale
    $375,000

    Multi-Family, 2 Story - Ray, MI

    Property size:
    3,752 SF
    Lot size:
    0.65 Acres
    Days on Market:
    83
    Last Refresh:
    Dec 8 at 1:06 pm

    Property Features for 21710 29 Mile Rd

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    5
    Bathrooms
    3
    APN
    21-05-22-227-001
    Exterior features
    Fenced Yard
    Fencing
    Fenced
    Appliances
    Dryer, Freezer, Range, Refrigerator
    Size
    3,752 SF
    Lot size
    0.65 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1942
    Floors in Building
    2
    Number of units
    3
    Architectural style
    Other

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

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

    Listing date Sep 17, 2025

    MLS# 50182366 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 building presents an investment opportunity in a location with high traffic and visibility. The building includes two upstairs apartments, each offering 938 square feet of living space with 2 bedrooms and 1 bath. The lower level, totaling 1876 square feet, is currently used as living quarters but can be converted back to business use for a store, retail space, or office, offering potential for additional income. Each unit has a private entrance. Situated on a 0.65-acre lot, the property offers space for expansion. The apartments provide rental income, making this property an investment. The tenant is responsible for all utilities. The property is located in Ray, MI.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    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

    • $375,000
      3,752 SF

      Mixed-Use Building in Ray, MI

      Two apartments plus commercial space in high-traffic area.
      21710 29 Mile Rd, Ray, MI 48096
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Two-story, three-unit building with business potential in Ray, MI.
    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: - 8% or more CAP Rate (current rent below area average); - Prime location with high traffic and visibility; - Three units: two 2-bed/1-bath apartments (938 sqft each) and a large lower level (1876 sqft)
    (586) 731-8180
    Request Owner's contact information
    21710 29 Mile Rd Ray, MI 48096
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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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