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    25300 23 Mile Rd Rd New Baltimore, MI 48051

    For Sale
    $399,000

    Commercial property with house and garage in high-traffic location.

    Lot size:
    1.53 Acres

    Property Features for 25300 23 Mile Rd Rd

    General Information

    Lot size
    1.53 Acres

    Building Details

    Year built
    1945

    Source: Realty Executives Home Towne Chesterfield Agent Anthony Drewek

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Commercial Land in High-Traffic Area

    This commercial property includes a house and garage, situated on 1.53 acres. The property is zoned for light industrial or office use, and the existing house could be adapted for office use for various retail operations. It benefits from a location in a high-traffic area, near box stores such as Meijer's, Staples, Home Depot, and Target, as well as restaurants like Olive Garden and Texas Roadhouse, and many franchise restaurants. The property has 174 feet of frontage on 23 Mile Road. The property is currently being rented for $1,700 per month. Immediate occupancy is available.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    New Baltimore
    County
    Macomb
    State
    Michigan
    Longitude
    -82.8325
    Latitude
    42.6875

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    FAQs

    What type of property is this?
    Commercial land - Commercial property with house and garage in high-traffic location.
    Where is this commercial land located?
    The property is located at 25300 23 Mile Rd Rd New Baltimore, MI.
    What is the asking price?
    The asking price for this property is $399,000.
    What are key features of this property?
    This property features: - Prime location in a high-traffic area surrounded by major retailers and franchise restaurants.; - Zoning allows for light industrial or office use, offering versatile development opportunities.; - Significant land value with 1.53 acres and 174 ft of frontage on 23-mile road.
    (586) 322-1163
    Request Owner's contact information
    25300 23 Mile Rd Rd New Baltimore, MI 48051
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    New Baltimore, MI 48051
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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
    25300 23 Mile Rd Rd New Baltimore, MI 48051
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