Property profile

23 Mile & Garfield Macomb, MI 48044

OFF-MARKET
Land
22.93 ac lot
Saved · see the list in your Dashboard

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

Location

23 Mile & Garfield Macomb, MI 48044
Macomb metro
Google Maps

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

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 23 Mile & Garfield?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message