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    21799 23 Mile Rd Macomb, MI 48044

    Sponsored
    For Lease
    Contact for pricing

    High-traffic location, ample parking.

    Lot size:
    4,911 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional commercial property, located at 21799 23 Mile Rd in Macomb, Michigan, presents a unique investment opportunity. The property encompasses a total of 4,911 square feet of retail and restaurant space situated on a generous 1.67-acre lot. The building offers multiple tenancy options, with a minimum divisible space of 2,038 square feet and a maximum contiguous space of 2,873 square feet. Currently, a significant portion of the building, totaling 4,120 square feet, is available for lease. The property boasts ample parking with 45 spaces, ensuring convenient access for customers and employees. Its prime location in Macomb County, Michigan, within the 48044 zip code, offers excellent visibility and accessibility. The property's versatile nature makes it suitable for a variety of commercial uses, including retail establishments and restaurants. This is an ideal opportunity for businesses seeking a well-located, spacious property with significant parking in a thriving commercial area. The property is zoned for commercial use and is ready for immediate occupancy. Interested parties are encouraged to inquire for further details and leasing information.

    Property Features for 21799 23 Mile Rd

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,911 SF

    Unit(s) available at that property

    Space
    Suite B
    Size
    2,873 SF
    Space
    Space Available
    Size
    2,038 SF

    HighLights

    • 1.67‑acre lot at the northwest corner of 23 Mile and Card Roads, Macomb Township.
    • Excellent accessibility from both roads via curb cuts.
    • Strong retail synergy with nearby Meijer, Home Depot, Kroger, Leo's Coney Island, and Jets Pizza.
    • One mile from Macomb Medical Center.
    • Convenient access to I‑94, M‑53, and Hall Road.
    • Build‑to‑suit and ground lease options available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Auto Repair Shop Nail Salon Pharmacy Storage Facility HVAC Service Bar & Pub

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

    Location Insight

    • Map
    • Local Demand
    City
    Macomb
    County
    Macomb
    State
    Michigan
    Longitude
    -82.898669
    Latitude
    42.673532

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    FAQs

    What type of property is this?
    Restaurant - High-traffic location, ample parking.
    Where is this restaurant located?
    The property is located at 21799 23 Mile Rd Macomb, MI.
    What are key features of this property?
    This property features: 1.67-acre lot at the northwest corner of 23 Mile and Card Roads, Macomb Township.; Excellent accessibility from both roads via curb cuts.; Strong retail synergy with nearby Meijer, Home Depot, Kroger, Leo's Coney Island, and Jets Pizza.
    Request Owner's contact information
    21799 23 Mile Rd Macomb, MI 48044
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    Macomb, MI 48044
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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
    21799 23 Mile Rd Macomb, MI 48044
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