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Property profile & analytics
FOR SALE
Office buildings

15615 E 10 Mile Rd Eastpointe, MI 48021

800 SF 0.05 ac lot Built 1956
Entity Owned 3-yr Hold Free & Clear
Property ID
US43-1633049
Property summary
AI-generated overview

This exceptional 800-square-foot industrial building in Eastpointe, Michigan, presents a compelling investment opportunity. Located at 15615 E 10 Mile Rd, this property sits on a 0.05-acre lot and is currently generating income from an existing business operation. The Green Zone designation allows for a variety of commercial uses, providing flexibility for the new owner. A significant advantage is the current owner's willingness to negotiate a leaseback agreement, ensuring a steady income stream upon acquisition. This provides immediate cash flow and the potential for long-term rental income. Adding to the property's value is the inclusion of an additional lot at 15607 E 10 Mile Rd (Tax ID #1419381005), offering significant expansion possibilities or the potential for future development. The asking price for this turnkey operation is $226,000. This property is ideal for investors seeking a blend of immediate income and future growth potential in a desirable Eastpointe location. The combination of a stable existing business and the extra lot makes this a truly unique and attractive investment opportunity.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1956
Construction CONCRETE BLOCKS
Total area 800 SF
Lot 0.05 ac (2,004 SF)
Zoning code B-3
APN 02-14-19-381-006
UPID US43-1633049
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Zaza Smoke shop (Bike/Boat/Book/etc) Store
  • Family Fence & Supply, LLC Building Supply Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Mo Badani LLC · 3 yrs held
Mo Badani LLC
since 2023
Last sale
$159,900
4 recorded transactions
2023
$159,900
2022
Price N/A
2022
$135,000
2011
Price N/A
Zoning & alternative use
B-3 · Eastpointe, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source code of ordinances
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More about this property
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