Mound Road Commercial
For Sale
Contact for pricing
45700 Mound Rd, Shelby Township, MI 48317
17,086 SF building on 4.8 acres with development potential.
Property Size17,086 SF
Lot Size4.80 Acres
Price / SF$128.76
Days on Market775
Property Features for 45700 Mound Rd
General Information
Standard status
Active
Size
17,086 SF
Total Parking Spaces
117
Lot size
4.80 Acres
Property subtype
Industrial, Office, Retail
Zoning
C-2
Listing Agency:
Tabbi Real Estate
Listed By:
Rick Tabbi · License #MI 6505432015
(248) 800-7111
Source:
Crexi
Added: Aug 23, 2024
Changed: Sep 29
Last Checked: Oct 5 at 3:54PM
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 Tabbi Real Estate
Investment Insights
Based on property information with market context.
This 17,086 square foot building is situated on a 4.8-acre lot. The property is zoned C-4, General Business District, and features 520 feet of frontage on Mound Road. It offers three points of egress via Mound Road, Auburn Road, and West Utica. There are 117 parking spaces available, with room for additional parking on 1 acre. The building includes four overhead doors. The location provides great visibility with monument signage and high traffic counts of 18,924 vehicles per day. The large lot offers room for additional development. The property is located at M-59 and Mound.
Key Highlights
- 17,086 square foot building on 4.8 acres at M‑59 and Mound.
- Excellent location at M‑59 and Mound with 520' frontage on Mound Rd.
- 117 parking spaces** with room for additional parking on 1 acre.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$126,300
Cap Rate
5.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,526,000
$2.5M
Cap Rate 7%
$1,804,286
$1.8M
Cap Rate 9%
$1,403,333
$1.4M
Market Conditions
NOI Build-Up for 17,086 SF
Gross rent
$205.0K $12.00/SF
− Vacancy
−$24.6K −$1.44/SF
EGI
$180.4K $10.56/SF
− OpEx
−$54.1K −$3.17/SF
NOI
$126.3K $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%
$2,526,000
Cap Rate 7%
$1,804,286
Cap Rate 9%
$1,403,333
Alternative Uses
Best Use
Mixed Use
$2.90M
$2.54M – $3.38M
NOI $202,982 @ 7.0% cap · market cap 9.23%
Second Best
Retail
$1.80M
$1.58M – $2.11M
NOI $126,300 @ 7.0% cap · market cap 5.74%
Theoretical Best
Specialty Retail
$3.20M
$2.80M – $3.73M
NOI $223,914 @ 7.0% cap · market cap 10.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
320
Businesses Nearby
Explore this area
Business Placement
Demographics for 48317, MI
27,864
Population
12,936
Households
2.2
Avg Household Size
39
Median Age
32%
College-Educated
90%
High-School Grad
12.0 sq mi
ZIP Area
2,322
Density / Sq Mi
$72,465
Median Household Income
$41,895
Median Earnings
$1,227
Median Rent
$248,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - 17,086 SF building on 4.8 acres with development potential.
Where is this mixed-use property located?
The property is located at 45700 Mound Rd Shelby Township, MI.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: 17,086 square foot building on 4.8 acres at M‑59 and Mound.; Excellent location at M‑59 and Mound with **520' frontage on Mound Rd.**; 117 parking spaces** with room for additional parking on 1 acre.
