Property profile

34830 Utica Rd Fraser, MI 48026

FOR LEASE
Industrial properties
Property ID
US43-4659725
21,400 SF 0.84 ac lot Built 1985
Entity Owned 11-yr Hold Free & Clear
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34830 Utica Rd, Fraser, MI 48026 For Lease
$1,950/Mo
34830 Utica Rd, Fraser, MI 48026
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Property summary

AI-generated overview

This exceptional 800-square-foot office suite is located at 34830 Utica Road in Fraser, Michigan, 48026, offering immediate possession. Situated in a Class B building constructed in 1985 and renovated in 2001, this space boasts a convenient location across from Meijer, at the intersection of 15 Mile and Utica Roads, ensuring excellent visibility and accessibility. The property features a total of 31,484 square feet across two stories, with a 10-foot ceiling height. The building sits on a 0.84-acre lot and includes 40 parking spaces. While this suite is the last available, the building is multi-tenant. The suite is part of a larger office complex zoned for commercial use (APN: 11-31-201-014, Macomb County). This traditional/creative office space is ideal for businesses seeking a high-traffic location in the Macomb East submarket. The minimum divisible space is 800 square feet, and the maximum contiguous space available is also 800 square feet. The property is categorized as a traditional and creative office space. No elevators are present in the building.

Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1985
Total area 21,400 SF
Lot 0.84 ac (36,590 SF)
Zoning code CG
APN 03-11-31-201-014
UPID US43-4659725

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
  • Kennel & Boarding Facility
  • Gym & Fitness Center
  • Arcade & Gaming Center (Bike/Boat/Book/etc) Store
  • Real Estate Agency

Location

34830 Utica Rd Fraser, MI 48026
Fraser metro Census 254100 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
$890k
Blend (final) Blend
$550k

Owner & transaction history

since 2014
7 recorded transactions
2019
Price N/A
2014
$500,937
2014
Price N/A
2011
$616,714
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

CG · Fraser, MI
Zoning description

Sec. 32-135. - General business district, CG. The CG general business district is designed to provide for a wide diversity of business activities which are predominantly, but not necessarily, totally retail in character.…

General category COMMERCIAL
Top alternative use upside
Warehouse, storage $1.4M +24.1%

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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