24941 Hall Rd, Macomb, MI 48042-5522
- Turn key restaurants
- 8,010 SF
- 1.36 lot acres
Current Use by Public Records
- Turn key restaurants
Property Details for 24941 Hall Rd
- Year built
- 2005
- Lot size
- 1.36 lot acres
- Zone code
- C4
- Property type
- Turn key restaurants
- APN
- 20-08-36-477-009
- APU
- 200836477009
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| May 13, 2021 | — | Hrm Investments LLC | 94 Hail Retail Center LLC | Deed | — |
| Jan 22, 2020 | — | 94 Hall Retail Center LLC | Macomb County Coney Island LLC | Warranty Deed | $975k · Eastern Michigan Bank |
| May 22, 2017 | — | Pozios Family Living Trust | Pozios,christoforos | Quit Claim Deed · related | — |
| — | — | Macomb County Coney Island LLC | — | Deed Of Trust · related | $800k · Eastern Mi Bk |
| — | — | Macomb County Coney Island LLC | — | Deed Of Trust · related | $877k · Michigan Certified Dev Corp |
Description
This exceptional 8,088 square foot commercial property, located at 24941-24989 Hall Road in Macomb, Michigan, presents a unique investment opportunity. Situated on a 1.36-acre lot, this multi-tenant building is zoned for retail use and currently features a mix of office and restaurant spaces. A significant 4,400 square feet of space is currently vacant, offering immediate potential for expansion or lease to new tenants. The building's existing infrastructure supports a variety of business types, making it ideal for a range of commercial ventures. The property's strategic location on Hall Road in Macomb County provides excellent visibility and accessibility, ensuring high traffic flow and potential for strong tenant occupancy. The "Executive Office" subtype designation highlights the suitability of the space for professional businesses requiring a high-quality, well-maintained environment. This property offers a blend of established tenancy and significant expansion potential, making it an attractive proposition for investors seeking a strong return on investment in a thriving Michigan market. The property's 48042 zip code further underscores its location within a dynamic commercial area. This is a rare opportunity to acquire a well-positioned commercial property in a desirable location with immediate income potential and significant upside. The property's zoning as "Retail" allows for a wide range of potential uses, enhancing its overall value and flexibility.
Value Estimations
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,481,000
- AI Estimate
- $1,481,000
Market price range: $695k - $1.89MMarket price range: $695k - $1.89M -
Alternative Use
- Use
- Estimation
- RESTAURANT
- $1,135,000 Current use
- MEDICAL BUILDING
- $985,000 Change: -13% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Macomb
- County
- Macomb
- State
- Michigan
- Longitude
- -82.8567
- Latitude
- 42.6308
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
