68104-68074-680 Main Richmond, MI 48062
- Investment properties
- 27,443 SF
- 0.63 lot acres
Current Use by Public Records
- Investment properties
Property Details for 68104-68074-680 Main
- Year built
- 1905
- Lot size
- 0.63 lot acres
- Property size
- 27,443 SF
- Property type
- Investment properties
Description
This exceptional investment opportunity encompasses three commercial buildings totaling 27,443 square feet, situated on a 0.63-acre lot in Richmond, Michigan. Located on a high-traffic Main Street, this property boasts daily traffic exceeding 25,000 vehicles, ensuring unparalleled visibility and accessibility. The site's rural state highway location eliminates any risk of freeway rerouting, providing long-term stability. Richmond itself is a thriving community with over 25,000 residents, making this business district a central hub for services, shopping, and dining. The property's prime location and the community's growth trajectory make it exceptionally well-suited for redevelopment. Potential redevelopment projects could include a three-story mixed-use condominium development, incorporating retail or restaurant space on the ground floor and upscale condominiums above, addressing the increasing demand for residential and commercial space in Richmond. This presents a unique chance to capitalize on the area's natural growth and strong local economy. The potential for redevelopment grants further enhances the financial attractiveness of this rare investment opportunity, offering an incredible upside for the right developer. Don't miss this chance to shape the future of Richmond's business district.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Richmond
- County
- Macomb
- State
- Michigan
- Longitude
- -82.764
- Latitude
- 42.8187
