Entity Owned 
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Property summary
This exceptional investment opportunity presents a thriving 159-booth trade center in New Baltimore, Michigan. Located at 35248 23 Mile Rd, this established business operates within a 35,000 square foot shopping center on an 8.66-acre lot. Built in 1990, the property is zoned for commercial use and boasts a prime location in a high-traffic area, ensuring consistent customer flow. The current triple-net lease generates a monthly income of $18,930, with the lease expiring in February 2024. … This is a business-only sale; the building itself is not included in the asking price of $195,000. This presents a unique chance to acquire a profitable, established business with significant growth potential. The property's size and location offer considerable flexibility for future expansion or adaptation to evolving market demands. The substantial monthly income stream provides a strong foundation for a secure investment, making this an attractive opportunity for savvy investors seeking a high-return venture in a desirable Michigan market. The property is situated in Macomb County, with a zip code of 48047.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2022
Value estimate
· Sep 2026No data for this sectionNo value estimate could be modeled: the record carries too little market input for this parcel.
Recently sold
Cap rate analysis
Price anchors at 6 / 6.5 / 7% — in the full report.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 6 properties nearbyComparable nearby
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- Lot area
- 8.66 ac
- Year built
- 1990
- Stories
- 1
- APN
- 06-09-24-101-068
- Zoning
- GC
- Assessed value · 2023
- $2,027,800
- Annual tax · 2022
- $94,922
- Estimated market rent / SF
- Potential gross income
- Vacancy allowance
- Effective gross income
- Benchmark operating expenses
- Stabilized NOI
- Property tax · 2022
- $94,922
- Selected cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Registration is required before the official district profile is shown.
Official district profile
in the local commercial business district. This GC district is designed to provide sites for more diversified business types and are often located so as to serve passerby, highway-oriented traffic. These uses would gener…
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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