Property profile

13436 23 Mile Rd Shelby Township, MI 48315

FOR LEASE
Government properties
Property ID
US43-2428025
4,315 SF 1.28 ac lot
Entity Owned Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

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

Verified
Property type Government properties
Use group CENTRALLY ASSESSED
Total area 4,315 SF
Lot 1.28 ac (55,931 SF)
Zoning code C-2
APN 23-07-23-226-011
UPID US43-2428025

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
  • Bank Loan Service
  • Loan Service Bank
  • Loan Service Bank

Location

13436 23 Mile Rd Shelby Township, MI 48315
Shelby Township metro Census 226700 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$920k
Blend (final) Blend
$610k

Owner & transaction history

since 2025
5 recorded transactions
2025
Price N/A
2025
Price N/A
2025
Price N/A
2024
Price N/A
2024
Price N/A

Zoning & alternative use

C-2 · Shelby Township, MI
Zoning description

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…

General category COMMERCIAL

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?”
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