Property profile

27322 23rd Mile Rd Chesterfield, MI 48051

OFF-MARKET
Commercial land
Property ID
US43-1841844
11,562 SF 2.32 ac lot
Entity Owned 2-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 5,112 square foot commercial land parcel presents a unique opportunity for retail development in the thriving New Baltimore, Michigan market. Located at 27322 23 Mile Rd, this single-tenant site offers significant potential for a variety of retail uses. The property is situated in Macomb County, within easy access to major roadways and a densely populated residential area, ensuring high visibility and convenient access for customers. The expansive lot size provides ample space for building construction and potential future expansion. This is a blank canvas for a new retail establishment, allowing for complete design and build-out to meet specific business needs. The property is designated for commercial use, specifically retail development, making it ideal for entrepreneurs looking to establish a new business or for existing businesses seeking to expand their footprint. The address is 27322 23 Mile Rd, New Baltimore, MI 48051. This property is available for lease and presents a compelling investment opportunity in a dynamic and growing community. The site's location in Macomb County offers access to a strong consumer base and a robust local economy. This is a rare chance to secure a prime retail location in a desirable area. The property's size and zoning make it suitable for a wide range of retail concepts. Serious inquiries are encouraged to explore this exceptional opportunity further.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Total area 11,562 SF
Lot 2.32 ac (101,059 SF)
Zoning code C3 GEN
APN 15-09-20-101-018
UPID US43-1841844

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Law Firm
  • Alternative Medicine Practice
  • Dental Office
  • Dental Office
  • Law Firm

Location

27322 23rd Mile Rd Chesterfield, MI 48051-2032
Chesterfield metro Census 221100 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$643k
Blend (final) Blend
$645k

Owner & transaction history

since 2024
4 recorded transactions
2024
Price N/A
2024
Price N/A
2020
Price N/A
2016
Price N/A

Zoning & alternative use

C3 GEN · Chesterfield, MI

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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