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    30670 23 Mile Rd New Baltimore, MI 48047

    Sponsored
    For Lease
    Contact for pricing

    Prime Office Land, Multi-Family Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 3.78-acre property located at 30670 Twenty-Three Mile Road in Macomb County presents a unique investment opportunity. Currently zoned for office use and occupied by a single tenant, the site boasts significant main road frontage, offering excellent visibility and accessibility. The existing building's square footage is not currently available. The property's expansive lot size allows for considerable flexibility in development plans. Beyond its current office use, the property's zoning allows for exploration of alternative uses, including multi-family residential development or retail ventures. Prospective buyers should conduct their own due diligence regarding rezoning possibilities for commercial or multi-family projects. The parcel number is 09-21-226-004. This location offers significant potential for investors seeking a versatile property with high visibility and development potential in a desirable Macomb County location. The property's single-tenant occupancy provides a stable income stream while offering the potential for future expansion or redevelopment. Serious inquiries are encouraged to explore the full range of possibilities this unique property offers. The property is classified as Office and Land.

    Property Features for 30670 23 Mile Rd

    General Information

    Property type
    Multifamily properties
    Lease Type
    Gross Lease

    Unit(s) available at that property

    Space
    Available Space
    Size
    0 SF

    HighLights

    • 3.78‑acre land parcel in Macomb County.
    • Single‑tenant office building on site.
    • Zoned for office use, with potential for commercial or multi‑family rezoning.
    • Excellent main road frontage.
    • Potential for retail development.
    Property Profile Location Intelligence

    Current Use by Public Records

    High-rise multifamily apartments

    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
    New Baltimore
    County
    Macomb
    State
    Michigan
    Longitude
    -82.800104
    Latitude
    42.673331

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    FAQs

    What type of property is this?
    Multifamily property - Prime Office Land, Multi-Family Potential
    Where is this multifamily property located?
    The property is located at 30670 23 Mile Rd New Baltimore, MI.
    What are key features of this property?
    This property features: 3.78-acre land parcel in Macomb County.; Single-tenant office building on site.; Zoned for office use, with potential for commercial or multi-family rezoning.
    Request Owner's contact information
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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
    30670 23 Mile Rd New Baltimore, MI 48047
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