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    15615 10 Mile Rd Eastpointe, MI 48021

    Sponsored
    For Sale
    $226,000

    Prime Retail Investment, High Income Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional commercial property in Eastpointe, Michigan, presents a lucrative investment opportunity. Priced at $226,000, this storefront building at 15615 E 10 Mile Rd (zip code 48021) offers immediate income potential due to an existing business currently operating on-site. The seller is open to negotiating a lease with the new owner, ensuring continued revenue generation. The property's location within a Green Zoned area allows for flexible business uses. A significant advantage is the inclusion of an additional lot at 15607 E 10 Mile Rd (Tax ID #1419381005), providing ample space for expansion, redevelopment, or future development opportunities. This combined offering presents a rare chance to acquire a well-established business and a strategically positioned commercial property in Macomb County, Michigan, with significant upside potential. The property is situated at latitude 42.4798021 and longitude -82.960422. This is a turnkey investment ready for immediate returns.

    Property Features for 15615 10 Mile Rd

    General Information

    Property type
    Individual retail properties
    Property Profile Location Intelligence

    Current Use by Public Records

    Zaza Smoke shop Smoke Shop Family Fence & Supply, ... Fence Supply Store

    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
    Eastpointe
    County
    Macomb
    State
    Michigan
    Longitude
    -82.960422
    Latitude
    42.4798021

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    FAQs

    What type of property is this?
    Individual retail property - Prime Retail Investment, High Income Potential
    Where is this individual retail property located?
    The property is located at 15615 10 Mile Rd Eastpointe, MI.
    What is the asking price?
    The asking price for this property is $226,000.
    Request Owner's contact information
    15615 10 Mile Rd Eastpointe, MI 48021
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    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
    15615 10 Mile Rd Eastpointe, MI 48021
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