17200 10 Mile Rd Eastpointe, MI 48021
- Office buildings
- 38,617 SF
- 1.80 lot acres
Current Use by Public Records
- Cleland Collaborative Divorce / Service Establishment / Divorce Service
- Eve Bend, DC / Chiropractor
- Lisa C. Hearley, Cota / Occupational Therapist / Physical Therapist
- Tiffany Wiseman LMT / Massage Therapist
- Qualified Credit Consulting Services / Credit Counseling Service
Property Details for 17200 10 Mile Rd
- Year built
- 1929
- Construction
- BRICK
- Lot size
- 1.80 lot acres
- Property size
- 38,617 SF
- Zone code
- I-1
- Property type
- Office buildings
- APN
- 02-14-29-106-064
- APU
- 21429106064
Description
This exceptional 40,644 square foot industrial property, situated on a 1.8-acre lot in Eastpointe, Michigan, presents a compelling investment opportunity. Located at 17200 E 10 Mile, this property boasts a recently installed roof, ensuring long-term cost savings and minimal maintenance needs. Its strategic location offers easy access to major transportation arteries, including I-94 and I-696, providing seamless connectivity for both tenants and distribution networks. The property is currently occupied by a diverse mix of tenants, generating a stable income stream and minimizing vacancy risks. Ample on-site parking is available, catering to the needs of both employees and clients. The asking price for this high-potential investment is $2,200,000. This represents a significant opportunity for investors seeking a well-maintained, strategically located industrial property with a proven track record of occupancy and income generation. The property's strong tenant mix and convenient location make it an attractive investment for both seasoned and emerging investors in the commercial real estate market. The new roof significantly reduces immediate capital expenditure needs, allowing for a quicker return on investment. This is a rare opportunity to acquire a well-positioned industrial asset in a thriving market.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,560,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,370,000
- 6.5%
- $1,380,000
- 7%
- $1,250,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,285,000
- Geo Method
- $1,545,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,295,000
- Retail
- $1,275,000
- Mixed-Use
- $1,355,000
- Hospitality
- $1,290,000
- Educational
- $1,210,000
- Residential Income
- $1,235,000
- Energy
- $1,100,000
- Income-Based Land
- $1,310,000
- Food Service
- $1,255,000
Location Insight
- Map
- Local Demand
- City
- Eastpointe
- County
- Macomb
- State
- Michigan
- Longitude
- -82.9434
- Latitude
- 42.4793
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
