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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

24 Mile Shelby, MI 48316

3.14 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail properties & Spaces
Lot 3.14 ac (136,648 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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