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    OFF-MARKET
    Land

    23 Mile & Garfield, Macomb, MI 48044

    22.93 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 22.93-acre commercial land parcel presents a unique investment opportunity in Macomb Township, Michigan. Located at the southwest corner of 23 Mile and Garfield Roads, this property boasts unparalleled visibility and accessibility. The M-1 zoning allows for a wide range of commercial uses, making it suitable for various development projects. All utilities are conveniently located on-site, simplifying the construction process. The asking price is $335,000 per acre, representing a compelling value for this strategically positioned land. The property's size and zoning make it suitable for build-to-suit projects, lease opportunities, or ground leases. Its prime location in Macomb County, with a 48044 zip code, offers easy access to major transportation routes and a thriving local market. This is an exceptional chance to acquire a significant commercial land holding with high potential for future growth and return on investment. The property's latitude and longitude coordinates are 42.671461 and -82.9576866 respectively.

    Property profile
    Verified
    Property type Land
    Lot 22.93 ac (998,831 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
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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