4492 22 Mile Rd Shelby Township, MI 48317
- Land
- 39.96 lot acres
Current Use by Public Records
- Land
Property Details for 4492 22 Mile Rd
- Lot size
- 39.96 lot acres
- Property type
- Land
- Property subtype
- Industrial properties
Description
This exceptional ±39.96-acre industrial land parcel in Shelby Township, Michigan (Detroit MSA), is being offered via absolute auction, September 10-12, 2024. The property, with an appraised value of $1.9 million, consists of three parcels (APN: 23-07-20-477-003, 23-07-20-477-004, 23-07-20-477-005) totaling approximately 40 acres situated on both sides of 22 Mile Road, boasting approximately 7,028 vehicles per day in traffic counts. The property is zoned H-M (Heavy Manufacturing), permitting diverse uses including self-storage, office, warehousing, manufacturing, and retail (special use). Its strategic location offers easy access to major highways (M-59, M-53, I-75, and I-94) and proximity to significant demand drivers such as Amazon Fulfillment, USPS, Big Lot, and various fast-food restaurants. The surrounding area exhibits strong demographics, with a population of approximately 204,592 within a 5-mile radius and an average household income of approximately $106,720. This area has seen substantial population growth (7.33% from 2010-2023) with projected continued growth through 2028. This is a first bid meets reserve auction. The property is offered fee simple. The address is 4492 22 Mile Rd, Shelby Township, MI 48317.
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
- Shelby Township
- County
- Macomb
- State
- Michigan
- Longitude
- -83.0565
- Latitude
- 42.6549
