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Property profile & analytics
OFF-MARKET
Retail residential properties
34350 Utica Rd Fraser, MI 48026-2052
Individually Owned
4-yr Hold
Free & Clear
Property ID
US43-1383873
Property summary
AI-generated overview
This exceptional investment opportunity presents two vacant storefront condos situated at 34350 Utica Road in Fraser, Michigan, 48026. Each unit offers approximately 1,200 square feet of retail space, totaling 2,400 square feet. The property consists of two single-story buildings constructed in 1960 and renovated in 2000, currently zoned for commercial use. The units are available individually or together, offering flexibility for various business needs. Located on a high-traffic road with over 30,000 cars passing daily, this prime location boasts excellent visibility and accessibility. Amenities include ample outdoor parking and monument signage. The property's strategic position across from a new Meijer's supermarket further enhances its appeal. Ideal for a variety of businesses, including hair or nail salons, insurance offices, retail operations, or medical suites. The asking price for both units is $150,000. Occupancy is available September 10, 2024. This is a gross lease property.
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1978
Total area
1,280 SF
Lot
0.11 ac (5,009 SF)
Zoning code
CG
APN
03-11-31-253-006
UPID
US43-1383873
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
-
Aj's Appliance Parts Big Box & Wholesale Store Electronics & Wireless Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Anthony Jennings · 4 yrs held
Anthony Jennings
since 2021
2 recorded transactions
Zoning & alternative use
CG · Fraser, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Fraser submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fraser submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$3,167
Tax year 2022
Assessed value
$52,800
Assessed 2023
Previous assessed
$47,600
+10.9% YoY
Effective rate
6.00%
On assessed value
Total market value
$105,600
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
1978
Heating
FORCED AIR
Cooling
YES
Stories
1
Total area
1,280 SF
Lot
0.11 ac (5,009 SF)
Zoning code
CG
APN
03-11-31-253-006
UPID
US43-1383873
Jurisdiction
MACOMB
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
CG · Fraser, MI
Zoning CG · permitted uses
CG · Fraser, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fraser. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1978
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.11 ac
Current owner
From public records · entity-resolved
Anthony Jennings
Individual
Free & Clear · 4 yrs held
Mailing address
34346 UTICA RD, FRASER, MI 48026-2052
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 30, 2021
—
Anthony Jennings
Linda Bittner
Land Contract
—
May 10, 2017
$300,000
Linda Bittner
Westgardi Dev Co
Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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