24 Mile Shelby, MI 48316
This exceptional 3.137-acre commercial parcel sits at the northeast corner of Van Dyke and 24 Mile Road in Shelby Township, Michigan (48316). Located in the heart of the burgeoning Shelby Center, this C-6 zoned property presents a unique opportunity for retail, office, or mixed-use development. The Shelby Center District's zoning is designed to foster a strong sense of community with traditional architecture, aligning with the Township's vision for a vibrant central hub. This prime location boasts high traffic volume, making it ideal for businesses seeking maximum visibility and accessibility. The property's strategic placement within the rapidly developing Shelby Township, experiencing significant growth in commercial, residential, and industrial sectors, ensures strong future potential. Concept drawings for a proposed development are available upon request. This is a rare chance to acquire a substantial parcel in a thriving area, poised for significant appreciation. The asking price is $3,280,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.