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    15615 10 Mile Rd Eastpointe, MI 48021

    Sponsored
    For Sale
    $226,000

    Prime Eastpointe location, flexible use, income opportunity.

    Property size:
    800 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    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 Features for 15615 10 Mile Rd

    General Information

    Property type
    Industrial properties
    Square Feet
    800 SF
    Lot Size
    2,178 SF

    Building Details

    Year Built
    1919
    Property Profile Location Intelligence

    Current Use by Public Records

    Zaza Smoke shop Smoke Shop Family Fence & Supply, ... Fence Supply Store

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Eastpointe
    County
    Macomb
    State
    Michigan
    Longitude
    -82.96042
    Latitude
    42.4798

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    FAQs

    What type of property is this?
    Industrial property - Prime Eastpointe location, flexible use, income opportunity.
    Where is this industrial property located?
    The property is located at 15615 10 Mile Rd Eastpointe, MI.
    What is the asking price?
    The asking price for this property is $226,000.
    (248) 635-2880
    Request Owner's contact information
    15615 10 Mile Rd Eastpointe, MI 48021
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    Eastpointe, MI 48021
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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
    15615 10 Mile Rd Eastpointe, MI 48021
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