Property profile

19332 10th Mile Rd Eastpointe, MI 48021

OFF-MARKET
Retail space
Property ID
US43-0543914
10,080 SF 0.59 ac lot Built 1956
Entity Owned 2-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 10,080-square-foot freestanding retail building presents a unique opportunity in Eastpointe, Michigan. Located at 19332 E 10 Mile Rd, this single-tenant property sits on a 0.59-acre lot and is zoned MU1. Previously occupied as a drug store, the entire space is currently vacant, offering a blank canvas for a wide range of retail uses. The building's substantial size provides ample room for a variety of layouts and configurations, catering to businesses requiring significant space. Its prominent location on E 10 Mile Rd ensures high visibility and accessibility for customers. The property's freestanding nature offers excellent signage opportunities and independent control over the building's aesthetic and functionality. This presents a rare chance to establish a strong retail presence in a thriving Macomb County community. The 0.59-acre lot provides ample parking and potential for future expansion or outdoor amenities. The MU1 zoning allows for a diverse range of commercial uses, subject to local regulations. This property is ideal for businesses seeking a high-profile location with significant space and flexibility. Serious inquiries are encouraged to explore the potential of this prime retail opportunity in Eastpointe. The property is located in the 48021 zip code.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1956
Total area 10,080 SF
Lot 0.59 ac (25,570 SF)
Zoning code B-1
APN 02-14-28-130-040
UPID US43-0543914

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
  • Pharmacy
  • Grocery & Convenience Store

Location

19332 10th Mile Rd Eastpointe, MI 48021-1450
Eastpointe metro Census 258000 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
$685k
Blend (final) Blend
$370k

Owner & transaction history

since 2024
6 recorded transactions
2024
Price N/A
2024
Price N/A
2016
$500,000
2016
Price N/A
2006
Price N/A
1969
Price N/A

Zoning & alternative use

B-1 · Eastpointe, MI
Top alternative use upside
Commercial (general) $1.0M +37.6%
Office building $955,000 +26.9%
Auto repair, garage $865,000 +15.1%

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
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