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    31950 23rd Mile Rd Chesterfield, MI 48047-4655

    • Office buildings
    • 2,800 SF
    • 2.87 lot acres
    OFF-MARKET
    Value Estimation
    $525,000
    Last Sale
    Feb 11, 2022
    $515,000
    Location Intelligence
    Property ID
    US43-1538364
    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

    • Attendant Care Services of Michigan / Home Health Care Service / Corporate Office
    • New Baltimore Dental Center / Dentist
    • John F Okonowski / Dentist

    Property Details for 31950 23rd Mile Rd

    Year built
    1988
    Lot size
    2.87 lot acres
    Property size
    2,800 SF
    Zone code
    C3 GEN
    Property type
    Office buildings
    APN
    15-09-22-126-017
    APU
    150922126017

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $515,000

    • CAP approach

      CAP return
      Estimation
      6%
      $490,000
      6.5%
      $535,000
      7%
      $550,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $580,000
      Geo Method
      $630,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $555,000
      Retail
      $450,000
      Mixed-Use
      $545,000
      Hospitality
      $435,000
      Educational
      $550,000
      Residential Income
      $485,000
      Energy
      $510,000
      Income-Based Land
      $460,000
      Food Service
      $530,000

    Location Insight

    • Map
    • Local Demand
    City
    Chesterfield
    County
    Macomb
    State
    Michigan
    Longitude
    -82.7878
    Latitude
    42.6738
    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
    $12,374
    $0.00
    $0.00
    $309,000
    -
    $0.00
    $0.00
    $618,000

    Comparable in this City

    • Value Estimation by Request
      1,271 SF

      51249 Washington St

      OFFICE BUILDING • 1,271 SF
      51249 Washington St, New Baltimore, MI 48047-1564
      View Details
    • Value Estimation by Request
      2,064 SF

      36121 Grn St

      OFFICE BUILDING • 2,064 SF
      36121 Grn St, New Baltimore, MI 48047-2131
      View Details
    • Value Estimation by Request
      2,440 SF

      48991 Jefferson Ave

      OFFICE BUILDING • 2,440 SF
      48991 Jefferson Ave, Chesterfield, MI 48047-3431
      View Details
    • Value Estimation by Request
      4,331 SF

      51180 Bedford St

      OFFICE BUILDING • 4,331 SF
      51180 Bedford St, New Baltimore, MI 48047-2533
      View Details
    • Value Estimation by Request
      3,250 SF

      46413 Continental Dr

      OFFICE BUILDING • 3,250 SF
      46413 Continental Dr, Chesterfield, MI 48047-5251
      View Details
    • Value Estimation by Request
      2,268 SF

      51235 Washington St

      OFFICE BUILDING • 2,268 SF
      51235 Washington St, New Baltimore, MI 48047-1564
      View Details

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      Fast food location with drive-thru and high traffic exposure.
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    Similar Nearby for Lease

    • $3,006 /Mo

      Renovated Professional Building Office Space

      Last unit available in renovated professional building near I-94.
      32743 23 Mile Rd, New Baltimore, MI 48047
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    • $2,000 /Mo
      2,400 SF

      Chesterfield Office Space For Rent

      Professional office space near I-94 in Chesterfield, Michigan.
      30845 23 Mile Rd, Chesterfield, MI 48047
      View Details
    • $1,800 /Mo

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      Versatile 1,798 sq. ft. office suite for lease.
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    • $16 SF/Yr
      2,650 SF

      Medical Office Space Available

      2,650 SF unit suitable for medical or general office.
      33497 23 Mile Rd, Chesterfield Township, 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
    • Contact for pricing

      Macomb County Executive Office Space

      Prime Office Land, Multi-Family Potential
      30670 23 Mile Rd, New Baltimore, MI 48047
      View Details
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    Chesterfield, MI 48047-4655
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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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