For Lease
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Property summary
This exceptional 12.23-acre commercial land parcel presents a remarkable investment opportunity in the thriving Shelby Township, Michigan market. Located at 13436 23 Mile Rd, this Class A property boasts significant frontage on both 23 Mile Road and Schoenherr Road, offering unparalleled visibility and accessibility. The site is zoned C-2 & C-3, allowing for a diverse range of retail development possibilities. With approximately 250 feet of frontage on 23 Mile Road and approximately 400 feet of frontage on Schoenherr Road, this location provides ample space for a substantial development. The property is currently designated for multiple tenants, making it ideal for a mixed-use development or a collection of individual retail spaces. The total land area provides significant flexibility for building design and layout. This prime location in Macomb County offers easy access to major roadways and a dense population base, ensuring high traffic volume and strong potential for tenant occupancy. The property's size and zoning make it suitable for a variety of retail concepts, from smaller shops to larger anchor stores. This is a rare opportunity to acquire a large, strategically located parcel in a high-demand area. The property's location in Shelby Township, MI, zip code 48315, offers a strong demographic profile and a vibrant commercial environment. This is an excellent opportunity for developers seeking a high-impact retail investment.
Property profile
VerifiedCap rate & NOI
Current use
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Bank Loan Service
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Loan Service Bank
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Loan Service Bank
Location
Value estimations
Owner & transaction history
Zoning & alternative use
The C-2, General Business Commercial District is intended primarily for uses emphasizing community shopping needs for the citizens of Shelby Township that are of a higher intensity than those found in a traditional downt…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
C-2 · Shelby Township, MIThe C-2, General Business Commercial District is intended primarily for uses emphasizing community shopping needs for the citizens of Shelby Township that are of a higher intensity than those found in a traditional downt…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
The C-2, General Business Commercial District is intended primarily for uses emphasizing community shopping needs for the citizens of Shelby Township that are of a higher intensity than those found in a traditional downt…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for C-2 in Shelby Township, MI.
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Find the owner behind the property.
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