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    19148 10 Mile Rd Eastpointe, MI 48021

    Sponsored
    For Sale
    $495,000

    Prime Eastpointe retail space, high visibility, ample parking.

    Property size:
    8,800 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional retail property, located at 19148 E 10 Mile Rd in Eastpointe, Michigan, presents a compelling investment opportunity. The 8,800 square foot building is situated on a 0.27-acre lot and boasts a highly visible location within a bustling shopping center. The three-story structure features a functional elevator and offers multiple points of ingress and egress, ensuring convenient access for both customers and staff. The property benefits from ample parking, extending 120 feet north to Ten Mile Road with 60 feet of frontage, providing significant customer convenience. Its strategic location offers close proximity to major thoroughfares, I-94 and I-696, enhancing accessibility and visibility. Currently zoned MU1, the building is part of a 14-unit shopping center with individually owned parcels. All building owners share responsibility for the maintenance of the common parking lot. The lower level is currently leased on a month-to-month basis for $1,500 per month, offering immediate rental income. The asking price is $495,000, translating to $56.25 per square foot. This property represents a rare opportunity to acquire a well-positioned retail space in a thriving commercial area.

    Property Features for 19148 10 Mile Rd

    General Information

    Property type
    Retail properties
    Square Feet
    8,800 SF
    Lot Size
    11,761 SF

    Building Details

    Stories
    3
    Units
    14

    HighLights

    • High‑visibility building in a busy shopping center.
    • Ample on‑site parking.
    • Multiple access points.
    • Excellent freeway access via I‑94 and I‑696.
    • Three‑story building with elevator.
    • Lower level currently leased month‑to‑month at $1,500/month.
    Property Profile Location Intelligence

    Current Use by Public Records

    Experts In Home Health ... Home Health Care Service Experts In Home Health ... Home Health Care Service Mayan Roofing LLC Roofing Contractor Expert Home Care, ... Home Help

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Eastpointe
    County
    Macomb
    State
    Michigan
    Longitude
    -82.9205191
    Latitude
    42.4798934

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    FAQs

    What type of property is this?
    Retail property - Prime Eastpointe retail space, high visibility, ample parking.
    Where is this retail property located?
    The property is located at 19148 10 Mile Rd Eastpointe, MI.
    What is the asking price?
    The asking price for this property is $495,000.
    What are key features of this property?
    This property features: High-visibility building in a busy shopping center.; Ample on-site parking.; Multiple access points.
    Request Owner's contact information
    19148 10 Mile Rd Eastpointe, MI 48021
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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
    19148 10 Mile Rd Eastpointe, MI 48021
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