Storefront
For Sale
Contact for pricing
16990-16998 25 Mile Road, Macomb, MI 48042
Commercial space is offered in a storefront configuration.
Property Size10,000 SF
Price / SF$0.31
Days on Market52
Property Features for 16990-16998 25 Mile Road
General Information
Standard status
Active
Size
10,000 SF
Listing Agency:
Pilot Property Group - Residential LLC
Listed By:
Boyd C. Kraft · License #6501076461
(586) 873-5419
Source:
Alexmi
Added: Sep 9
Changed: Oct 25
Last Checked: Oct 28 at 8:43AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Pilot Property Group - Residential LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This storefront property offers approximately 10,000 square feet of commercial space. The asset is located at 16990-16998 25 Mile Road, Macomb, MI 48042.
Key Highlights
- Approximately 10,000 SF of commercial space
- 16990‑16998 25 Mile Road, Macomb, MI 48042
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$73,920
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,478,400
$1.5M
Cap Rate 7%
$1,056,000
$1.1M
Cap Rate 9%
$821,333
$821.3K
Market Conditions
NOI Build-Up for 10,000 SF
Gross rent
$120.0K $12.00/SF
− Vacancy
−$14.4K −$1.44/SF
EGI
$105.6K $10.56/SF
− OpEx
−$31.7K −$3.17/SF
NOI
$73.9K $7.39/SF
Area
Macomb County, MI
Vacancy
12.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,478,400
Cap Rate 7%
$1,056,000
Cap Rate 9%
$821,333
Alternative Uses
Best Use
Retail
$1.06M
$924.0K – $1.23M
NOI $73,920 @ 7.0% cap · market cap 2,365.44%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.87M
$1.64M – $2.18M
NOI $131,051 @ 7.0% cap · market cap 4,193.63%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
107
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48042, MI
33,398
Population
12,067
Households
2.8
Avg Household Size
42
Median Age
39%
College-Educated
96%
High-School Grad
22.8 sq mi
ZIP Area
1,465
Density / Sq Mi
$125,433
Median Household Income
$61,261
Median Earnings
$1,569
Median Rent
$374,100
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Storefront property - Commercial space is offered in a storefront configuration.
Where is this storefront property located?
The property is located at 16990-16998 25 Mile Road Macomb, MI.
What are key features of this property?
This property features: Approximately 10,000 SF of commercial space; 16990‑16998 25 Mile Road, Macomb, MI 48042
