Property profile

5987 26 Mile Rd Washington, MI 48094

OFF-MARKET
Retail properties & Spaces
23,000 SF 4 ac lot Built 2005
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Property summary

AI-generated overview

This exceptional retail property, located at 5987 26 Mile Rd, Washington, MI 48094, presents a unique investment opportunity. The 4,738 square foot building sits on a 4-acre lot and boasts 200 parking spaces, ensuring ample customer convenience. Built in 2005, the structure is zoned C-1, allowing for a variety of commercial uses. The property enjoys excellent visibility and a prime location in a thriving commercial area, sharing proximity with established businesses such as 7-Eleven, PNC Bank, and Sapori Restaurant. Its strategic position near major transportation routes and the Macomb Orchard Trail provides exceptional accessibility. The existing bicycle shop tenant is closing soon, making this a blank canvas for a new business or an expansion opportunity for an existing one. The building's substantial size (23,000 total square feet) offers potential for expansion or subdivision. The property's location in Macomb County, Michigan, offers access to a strong demographic base. This is a rare chance to acquire a well-situated, sizable retail space with significant potential for growth and return on investment. The property's cross street is Mound Road.

Property profile

Verified
Property type Retail properties & Spaces
Year built 2005
Total area 23,000 SF
Lot 4 ac (174,240 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store

Location

5987 26 Mile Rd Washington, MI 48094
Washington metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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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
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