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Property profile & analytics

15615 10 Mile Rd Eastpointe, MI 48021

  • Office buildings
  • 800 SF
  • 0.05 lot acres
Value Estimation
Last Sale
Jul 18, 2023
$159,900
Location Intelligence
Property ID
US43-1633049
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Zaza Smoke shop / Smoke Shop
  • Family Fence & Supply, LLC / Fence Supply Store

Property Details for 15615 10 Mile Rd

Year built
1956
Construction
CONCRETE BLOCKS
Lot size
0.05 lot acres
Property size
800 SF
Zone code
B-3
Property type
Office buildings
APN
02-14-19-381-006
APU
21419381006

Description

This exceptional 800-square-foot industrial building in Eastpointe, Michigan, presents a compelling investment opportunity. Located at 15615 E 10 Mile Rd, this property sits on a 0.05-acre lot and is currently generating income from an existing business operation. The Green Zone designation allows for a variety of commercial uses, providing flexibility for the new owner. A significant advantage is the current owner's willingness to negotiate a leaseback agreement, ensuring a steady income stream upon acquisition. This provides immediate cash flow and the potential for long-term rental income. Adding to the property's value is the inclusion of an additional lot at 15607 E 10 Mile Rd (Tax ID #1419381005), offering significant expansion possibilities or the potential for future development. The asking price for this turnkey operation is $226,000. This property is ideal for investors seeking a blend of immediate income and future growth potential in a desirable Eastpointe location. The combination of a stable existing business and the extra lot makes this a truly unique and attractive investment opportunity.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $165,000
  • CAP approach

    CAP return
    Estimation
    6%
    $185,000
    6.5%
    $185,000
    7%
    $195,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $185,000
    Geo Method
    $180,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $190,000
    Retail
    $205,000
    Mixed-Use
    $230,000
    Hospitality
    $165,000
    Educational
    $190,000
    Residential Income
    $200,000
    Energy
    $220,000
    Income-Based Land
    $210,000
    Food Service
    $230,000

Location Insight

  • Map
  • Local Demand
City
Eastpointe
County
Macomb
State
Michigan
Longitude
-82.9604
Latitude
42.4799
CBSA code
19820
CBSA name
DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$1,617
$0.00
$0.00
$31,700
-
$0.00
$0.00
$63,400
More about this property
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