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    Property profile & analytics

    29300 23rd Mile Rd Chesterfield, MI 48047-4614

    • Turn key restaurants
    • 5,924 SF
    • 1.27 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Apr 08, 2024
    Location Intelligence
    Property ID
    US43-0907688
    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

    • Big Boy / American Restaurant / Breakfast Restaurant
    • MrBeast Burger / Delivery Restaurant

    Property Details for 29300 23rd Mile Rd

    Year built
    1974
    Lot size
    1.27 lot acres
    Property size
    5,924 SF
    Zone code
    C3 GEN
    Property type
    Turn key restaurants
    APN
    15-09-21-101-027
    APU
    150921101027

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Chesterfield
    County
    Macomb
    State
    Michigan
    Longitude
    -82.8146
    Latitude
    42.6737
    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
    $15,270
    $0.00
    $0.00
    $383,800
    -
    $0.00
    $0.00
    $767,600

    Comparable in this City

    • Value Estimation
      $390,000
      1,893 SF

      35819 Grn St

      RESTAURANT • 1,893 SF
      35819 Grn St, New Baltimore, MI 48047-2416
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    • Value Estimation by Request
      796 SF

      46781 Jefferson Ave

      RESTAURANT • 796 SF
      46781 Jefferson Ave, Chesterfield, MI 48047-5131
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    • Value Estimation
      $460,000
      2,036 SF

      35611 Grn St

      RESTAURANT • 2,036 SF
      35611 Grn St, New Baltimore, MI 48047-2453
      View Details
    • Value Estimation by Request
      780 SF

      36649 Grn St

      RESTAURANT • 780 SF
      36649 Grn St, New Baltimore, MI 48047-2535
      View Details
    • Value Estimation by Request
      4,080 SF

      51006 Washington St

      RESTAURANT • 4,080 SF
      51006 Washington St, New Baltimore, MI 48047-2157
      View Details
    • Value Estimation by Request
      11,366 SF

      30400 23rd Mile Rd

      RESTAURANT • 11,366 SF
      30400 23rd Mile Rd, Chesterfield, MI 48047-1844
      View Details

    Similar Nearby for Sale

    • $695,000
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      High Exposure Fast Food Location

      Fast food location with drive-thru and high traffic exposure.
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    • Contact for pricing
      1.00 Acre

      New Baltimore Commercial Land Opportunity

      Prime Macomb County acreage for sale.
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    • $3,000,000
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      Kingsberry Street Residential Land

      46.5 Acres, Prime Chesterfield Twp. Development
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    Similar Nearby for Lease

    • $1.00 SF/Yr
      5,000 SF

      Prime New Baltimore Retail Space

      5,000 SF Retail Space For Lease
      37040 Green St, New Baltimore, MI 48047
      View Details
    • Contact for pricing

      New Baltimore Commercial Property Available

      Commercial property available for rent in New Baltimore, Michigan.
      35050 23 Mile Rd, New Baltimore, MI 48047
      View Details
    • Contact for pricing
      5,000 SF

      Retail Space Available For Lease

      5,000 sqft retail space for lease.
      37030 Green St, New Baltimore, MI 48047
      View Details
    • $1,400 /Mo

      Retail Space in High-Traffic Plaza

      Retail space for rent in high-traffic Plaza By The Bay.
      35346 23 Mile Rd, New Baltimore, MI 48047
      View Details
    • $12 SF/Yr
      51,780 SF

      Chesterfield Executive Office Space

      Prime Office Suite, 2400 sq ft, Macomb County
      30845 23 Mile Rd, Chesterfield, MI 48047
      View Details
    • $1,800 /Mo

      Professional Suite in Pyramid Center

      Versatile 1,798 sq. ft. office suite for lease.
      33497 23 Mile Rd, New Baltimore, MI 48047
      View Details
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    Chesterfield, MI 48047-4614
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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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