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    Property profile & analytics
    OFF-MARKET Estimated value $900,000
    Commercial land

    21799 23rd Mile Rd, Macomb, MI 48042

    1.01 ac lot
    Individually Owned Free & Clear
    Property ID
    US43-0586453
    Property summary
    AI-generated overview

    This exceptional commercial property, located at 21799 23 Mile Rd in Macomb, Michigan, presents a unique investment opportunity. The property encompasses a total of 4,911 square feet of retail and restaurant space situated on a generous 1.67-acre lot. The building offers multiple tenancy options, with a minimum divisible space of 2,038 square feet and a maximum contiguous space of 2,873 square feet. Currently, a significant portion of the building, totaling 4,120 square feet, is available for lease. The property boasts ample parking with 45 spaces, ensuring convenient access for customers and employees. Its prime location in Macomb County, Michigan, within the 48044 zip code, offers excellent visibility and accessibility. The property's versatile nature makes it suitable for a variety of commercial uses, including retail establishments and restaurants. This is an ideal opportunity for businesses seeking a well-located, spacious property with significant parking in a thriving commercial area. The property is zoned for commercial use and is ready for immediate occupancy. Interested parties are encouraged to inquire for further details and leasing information.

    Property profile
    Verified
    Property type Commercial land
    Use group VACANT COMMERCIAL LAND
    Lot 1.01 ac (44,083 SF)
    Zoning code C1
    APN 20-08-15-476-016
    UPID US43-0586453
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $900k
    Owner & transaction history
    Michigan Schools And Government Cre
    Michigan Schools And Government Cre
    since 2025
    Last sale
    $900,000
    6 recorded transactions
    2025
    2025
    $1.8M
    2024
    2024
    2020
    $900,000
    2004
    $1.0M
    Zoning & alternative use
    C1 · Macomb, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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