16701 25 Mile Rd Macomb, MI 48042
- Commercial land
- 0.47 lot acres
Current Use by Public Records
- Commercial land
Property Details for 16701 25 Mile Rd
- Lot size
- 0.47 lot acres
- Zone code
- C2
- Property type
- Commercial land
- APN
- 20-08-05-351-007
- APU
- 200805351007
Description
This exceptional commercial property, located at 16701 25 Mile Rd, Macomb, MI 48042, presents a unique investment opportunity. The 0.47-acre lot offers significant potential for a variety of uses, including retail, office, or a combination thereof. The property's storefront configuration is ideal for businesses seeking high visibility and convenient access. Its classification as executive office space suggests suitability for professional services or corporate offices. The asking price is $250,000, translating to a land value of $531,914 per acre. The property is situated in Macomb County, within the Macomb East submarket, and is conveniently located near the Detroit-Warren-Dearborn Metropolitan Statistical Area (MSA). The sale terms require cash to the seller. The property's tax ID/APN is 08-05-351-007. While the cap rate is undisclosed, the strong location and versatile nature of the property make it an attractive investment prospect for discerning buyers. This is a rare opportunity to acquire a well-positioned commercial property in a thriving area. Serious inquiries are encouraged.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Macomb
- County
- Macomb
- State
- Michigan
- Longitude
- -82.9579
- Latitude
- 42.7011
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
