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Property profile & analytics
OFF-MARKET Estimated value $645,000
Commercial land

27322 23rd Mile Rd Chesterfield, MI 48051-2032

11,562 SF 2.32 ac lot
Entity Owned 2-yr Hold ~ Est. High Equity
Property ID
US43-1841844
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Christopher Pencak, P.C. Law Firm
  • Steven Heuer, DC Alternative Medicine Practice
  • Borlas David P DDS Dental Office
  • Maiorano Louis D DDS Dental Office
  • Vitale Crosby & Associates Law Firm
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
County Of Macomb · 2 yrs held
County Of Macomb
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
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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