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    2149 Nine Mile Rd Warren, MI 48091

    Sponsored
    For Sale
    $149,000

    0.44-acre lot, income-producing billboards.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 0.44-acre commercial land parcel, located at 2149 Nine Mile Road in Warren, Michigan (zip code 48091), presents a unique investment opportunity. Zoned M-2, this property boasts an existing parking lot and the potential for expansion. Currently generating income from established billboards, the lot is in excellent condition and has seen minimal use since installation. The property's strategic location on Nine Mile Road offers high visibility and accessibility. This offering includes the potential to acquire the adjacent property at 2219 E Nine Mile Road, directly east of the parking lot, providing further expansion possibilities. The asking price for this prime commercial land is $149,000. This is an ideal opportunity for investors seeking a well-maintained, income-producing asset with significant growth potential in a desirable location within Macomb County. The property's M-2 zoning allows for a variety of commercial uses, making it a versatile investment. Don't miss this chance to acquire a valuable piece of commercial real estate in a thriving Michigan market.

    Property Features for 2149 Nine Mile Rd

    General Information

    Property type
    Land
    Lot Size
    19,166 SF

    HighLights

    • 0.44‑acre parcel available.
    • M‑2 zoning.
    • Land with existing parking lot and expansion potential on Nine Mile Road in Warren, MI.
    • Features income‑producing billboards.
    • Well‑maintained lot, lightly used since construction.
    • Adjacent property at 2219 E Nine Mile Rd. available for purchase as a package deal.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Warren
    County
    Macomb
    State
    Michigan
    Longitude
    -83.080768
    Latitude
    42.462217

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    FAQs

    What type of property is this?
    Land - 0.44-acre lot, income-producing billboards.
    Where is this land located?
    The property is located at 2149 Nine Mile Rd Warren, MI.
    What is the asking price?
    The asking price for this property is $149,000.
    What are key features of this property?
    This property features: 0.44-acre parcel available.; M-2 zoning.; Land with existing parking lot and expansion potential on Nine Mile Road in Warren, MI.
    (248) 799-3144
    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
    2149 Nine Mile Rd Warren, MI 48091
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