Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2000 Chicago Blvd, Unit BLK Tecumseh, MI 49286
    Back to Search
    Property profile & analytics

    2000 Chicago Blvd, Unit BLK, Tecumseh, MI 49286

    View on Map
    • Commercial land
    • 72.66 lot acres
    Off-Market
    Last Sale May 23, 2025
    $625,000
    Property ID
    US43-1393954
    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.
    Value Estimations
    $625,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial land

    Property Details for 2000 Chicago Blvd

    Lot size
    72.66 lot acres
    Zone code
    B-3
    Property type
    Commercial land
    APN
    XT0-129-4050-15
    APU
    XT0129405015

    Description

    This exceptional 73.94-acre property in Tecumseh, Michigan, presents a unique investment opportunity. Boasting over 900 feet of frontage on M-50, a high-traffic main thoroughfare, this level to slightly rolling parcel offers unparalleled visibility and accessibility. The property's zoning is strategically divided: approximately 29 acres are zoned General Business, providing ample space for commercial development, while the remaining acreage is zoned Two-Family Residential, opening possibilities for residential construction. All public utilities are readily available, simplifying development plans. The location is surrounded by a thriving mix of established commercial businesses, retail outlets, newer single-family homes, and existing agricultural land, creating a dynamic and desirable environment. The APN is XT0-129-4050-15. This versatile property is ideally suited for a variety of uses, making it an attractive investment for developers and entrepreneurs seeking a prime location in a growing community. The address is 2000 W Chicago Blvd, Tecumseh, MI 49286. Asking price is $699,990.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $590,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Tecumseh
    County
    Lenawee
    State
    Michigan
    Longitude
    -83.9726
    Latitude
    42.0102
    CBSA code
    10300
    CBSA name
    ADRIAN, MI MICROPOLITAN 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
    2023
    $6,135
    $0.00
    $0.00
    $780,900
    -
    $0.00
    $0.00
    $1,561,800

    Comparable in this City

    • Value Estimation by Request
      1.10 Acres

      100 Occidental Rd, Unit BLK

      VACANT COMMERCIAL LAND
      100 Occidental Rd, Tecumseh, MI 49286-9720
      View Details
    • Value Estimation by Request
      1.34 Acres

      1000 Chicago Blvd, Unit BLK

      VACANT COMMERCIAL LAND
      1000 Chicago Blvd, Tecumseh, MI 49286-9674
      View Details
    • Value Estimation by Request
      2.07 Acres

      8000 Adrian Hwyblk

      VACANT COMMERCIAL LAND
      8000 Adrian Hwyblk, Tecumseh, MI 49286-9402
      View Details
    • Value Estimation by Request
      0.45 Acres

      509 Pottawatamie St

      VACANT COMMERCIAL LAND
      509 Pottawatamie St, Tecumseh, MI 49286-2017
      View Details
    • Value Estimation by Request
      0.77 Acres

      400 Cummins St, Unit BLK

      VACANT COMMERCIAL LAND
      400 Cummins St, Tecumseh, MI 49286-2063
      View Details
    • Value Estimation by Request

      900 Chicago Blvd, Unit BLK

      VACANT COMMERCIAL LAND
      900 Chicago Blvd, Tecumseh, MI 49286-9674
      View Details

    Similar Nearby for Sale

    • $145,000
      5.49 Acres

      Tecumseh Township Development Site

      5.49 acre commercial land parcel in Tecumseh, Michigan.
      6000 S Occidental Rd, Tecumseh, MI 49286
      View Details
    • $79,900
      0.31 Acres

      Waterfront Lot in Tecumseh, MI

      Waterfront lot in a unique Tecumseh residential development.
      742 Eagle Vw, Tecumseh, MI 49286
      View Details
    • $74,900
      0.26 Acres

      Waterfront Lot in Tecumseh, MI

      Waterfront residential land for sale in Lone Oak Properties.
      736 Eagle Vw, Tecumseh, MI 49286
      View Details
    • $97,900
      0.21 Acres

      Waterfront Lot in Tecumseh, MI

      Waterfront residential land in a new Tecumseh development.
      730 Red Mill Dr, Tecumseh, MI 49286
      View Details
    • $108,900
      0.36 Acres

      Waterfront Peninsula Lot in Tecumseh

      Expansive waterfront lot in a unique Tecumseh development.
      766 Eagle Vw, Tecumseh, MI 49286
      View Details
    • $74,900
      0.31 Acres

      Waterfront Land in Tecumseh, MI

      Residential land with water frontage in Tecumseh, Michigan.
      752 Eagle Vw, Tecumseh, MI 49286
      View Details

    Similar Nearby for Lease

    • $259,000
      1,300 SF

      Commercial Space in Tecumseh, MI

      Turn-key commercial space available for lease in Tecumseh.
      Tecumseh, MI 49286
      View Details
    • $4,500 /Mo

      Turnkey Restaurant Opportunity in Tecumseh

      Restaurant space available for rent in downtown Tecumseh.
      110 S Evans St, Tecumseh, MI 49286
      View Details
    • Contact for pricing

      Tecumseh Flex and Industrial Space

      Flex, industrial, and office spaces available for lease in Tecumseh.
      416 E Cummins St, Tecumseh, MI 49286
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2000 Chicago Blvd, Unit BLK
    Tecumseh, MI 49286
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2000 Chicago Blvd, Tecumseh, MI, 49286
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!