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    Property profile & analytics

    22977 23rd Mile Rd Macomb, MI 48042-4420

    • Grocery and convenience stores
    • 3,360 SF
    • 2.58 lot acres
    OFF-MARKET
    Value Estimation
    $760,000
    Last Sale
    Oct 06, 2022
    $800,000
    Location Intelligence
    Property ID
    US43-1445552
    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.

    Current Use by Public Records

    • ATM (A J Management Mobil) / Professional Services / Atm
    • Bitcoin ATM - DVG / Atm
    • Car Wash / Car Wash
    • Mobil / Gas Station
    • Athena Bitcoin ATM / Atm / Crypto Atm

    Property Details for 22977 23rd Mile Rd

    Year built
    1999
    Lot size
    2.58 lot acres
    Property size
    3,360 SF
    Zone code
    C2
    Property type
    Grocery and convenience stores
    APN
    20-08-14-400-010
    APU
    200814400010

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $800,000

    • CAP approach

      CAP return
      Estimation
      6%
      $715,000
      6.5%
      $750,000
      7%
      $730,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $610,000
      Geo Method
      $655,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $825,000
      Retail
      $610,000
      Mixed-Use
      $665,000
      Hospitality
      $715,000
      Educational
      $765,000
      Residential Income
      $825,000
      Energy
      $720,000
      Income-Based Land
      $595,000
      Food Service
      $670,000

    Location Insight

    • Map
    • Local Demand
    City
    Macomb
    County
    Macomb
    State
    Michigan
    Longitude
    -82.8785
    Latitude
    42.6743
    CBSA code
    19820
    CBSA name
    DETROIT-WARREN-LIVONIA, MI METROPOLITAN 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
    2022
    $24,293
    $0.00
    $0.00
    $506,500
    -
    $0.00
    $0.00
    $1,013,000

    Comparable in this City

    • Value Estimation by Request
      3,584 SF

      16661 25th Mile Rd

      GROCERY, SUPERMARKET • 3,584 SF
      16661 25th Mile Rd, Macomb, MI 48042-1701
      View Details
    • Value Estimation by Request
      2,940 SF

      16570 24th Mile Rd

      GROCERY, SUPERMARKET • 2,940 SF
      16570 24th Mile Rd, Macomb, MI 48042-5819
      View Details
    • Value Estimation by Request
      760 SF

      16182 26th Mile Rd

      GROCERY, SUPERMARKET • 760 SF
      16182 26th Mile Rd, Macomb, MI 48042-1054
      View Details
    • Value Estimation by Request
      74,354 SF

      16450 26th Mile Rd

      GROCERY, SUPERMARKET • 74,354 SF
      16450 26th Mile Rd, Macomb, MI 48042-1056
      View Details
    • Value Estimation by Request
      5,030 SF

      22961 Hall Rd

      GROCERY, SUPERMARKET • 5,030 SF
      22961 Hall Rd, Macomb, MI 48042-5221
      View Details
    • Value Estimation by Request
      3,500 SF

      16500 26th Mile Rd

      GROCERY, SUPERMARKET • 3,500 SF
      16500 26th Mile Rd, Macomb, MI 48042-1023
      View Details

    Similar Nearby for Sale

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      21.74 acres of prime commercial and residential land.
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      21.74 Acres

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      21.74 acres of commercial and residential land on Gratiot.
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      Residential Land in Macomb

      Vacant land suitable for building a home near amenities.
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    Similar Nearby for Lease

    • $3,392 /Mo

      Macomb Township Retail/Office Space

      Retail or office space available for lease in Macomb Township.
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    • $3,125 /Mo

      Macomb Township Commercial Space Available

      Commercial space for rent in Macomb Township, Michigan.
      17016 25 Mile Rd, Macomb, MI 48042
      View Details
    • $2,000 /Mo
      5,100 SF

      Macomb Retail/Office Space Available

      Prime retail/office space in high-traffic Macomb Township plaza.
      23135 21 Mile Rd, Macomb, MI 48042
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    • $25 SF/Yr
      6,000 SF

      Macomb County Medical Office Space

      New 6,000 SF medical/commercial building. Four suites available.
      16984 25 Mile Rd, Macomb, MI 48042
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    • $15 SF/Yr
      60,000 SF

      Macomb, MI Office Space Available

      4,030 SF Medical/Office Suite in Macomb
      22000 23 Mile Rd, Macomb, MI 48042
      View Details
    • Contact for pricing
      20,000 SF

      Macomb Township Retail Space

      Prime Retail Space, Macomb County, MI
      51058-51336 Romeo Plank Rd, Macomb, MI 48042
      View Details

    Property Visit Statistics

    • Visits by month
      19.0k
    • Visitors by month
      12.3k
    • Avg Time on site
      5 min
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    22977 23rd Mile Rd
    Macomb, MI 48042-4420
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    Realmo Value Estimation

    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.

    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.

    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
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