24941 Hall Rd Macomb, MI 48042-5522
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
C4 · Macomb, MICosts & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.