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    27322 23 Mile Rd New Baltimore, MI 48051

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    For Lease
    Contact for pricing

    5,112 SF Retail Development Site

    Lot size:
    5,112 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 5,112 square foot commercial land parcel presents a unique opportunity for retail development in the thriving New Baltimore, Michigan market. Located at 27322 23 Mile Rd, this single-tenant site offers significant potential for a variety of retail uses. The property is situated in Macomb County, within easy access to major roadways and a densely populated residential area, ensuring high visibility and convenient access for customers. The expansive lot size provides ample space for building construction and potential future expansion. This is a blank canvas for a new retail establishment, allowing for complete design and build-out to meet specific business needs. The property is designated for commercial use, specifically retail development, making it ideal for entrepreneurs looking to establish a new business or for existing businesses seeking to expand their footprint. The address is 27322 23 Mile Rd, New Baltimore, MI 48051. This property is available for lease and presents a compelling investment opportunity in a dynamic and growing community. The site's location in Macomb County offers access to a strong consumer base and a robust local economy. This is a rare chance to secure a prime retail location in a desirable area. The property's size and zoning make it suitable for a wide range of retail concepts. Serious inquiries are encouraged to explore this exceptional opportunity further.

    Property Features for 27322 23 Mile Rd

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    5,112 SF

    Unit(s) available at that property

    Space
    Available Space
    Size
    5,112 SF

    HighLights

    • 5,112 SF commercial land parcel available for lease in New Baltimore, MI.
    • Proposed Chick‑fil‑A development on 23 Mile Road and Gratiot Avenue.
    • High‑traffic location across from Meijer, near I‑94, and surrounded by strong retailers.
    • Delivery expected Q2 2024.
    • Pylon signage available on 23 Mile Road.
    Property Profile Location Intelligence

    Current Use by Public Records

    Christopher Pencak, P.C. Attorney Steven Heuer, DC Chiropractor Borlas David P ... Dentist Maiorano Louis D ... Dentist Vitale Crosby & Associates Attorney

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    New Baltimore
    County
    Macomb
    State
    Michigan
    Longitude
    -82.8354098
    Latitude
    42.6743457

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    FAQs

    What type of property is this?
    Land - 5,112 SF Retail Development Site
    Where is this land located?
    The property is located at 27322 23 Mile Rd New Baltimore, MI.
    What are key features of this property?
    This property features: 5,112 SF commercial land parcel available for lease in New Baltimore, MI.; Proposed Chick-fil-A development on 23 Mile Road and Gratiot Avenue.; High-traffic location across from Meijer, near I-94, and surrounded by strong retailers.
    Request Owner's contact information
    27322 23 Mile Rd New Baltimore, MI 48051
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    New Baltimore, MI 48051
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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
    27322 23 Mile Rd New Baltimore, MI 48051
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