Property profile

52 Walnut St Mount Clemens, MI 48043

OFF-MARKET
Retail space
Property ID
US43-1176572
6,112 SF 0.07 ac lot
Entity Owned 2-yr Hold Free & Clear
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Total area 6,112 SF
Lot 0.07 ac (3,049 SF)
Zoning code CB
APN 05-11-14-206-005
UPID US43-1176572

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

52 Walnut St Mount Clemens, MI 48043-5620
Mount Clemens metro Census 245100 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$695k
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.03M

Owner & transaction history

since 2023
Last sale
$987,500
5 recorded transactions
2023
$987,500
2023
$390,000
2022
Price N/A
2019
Price N/A
2013
Price N/A

Zoning & alternative use

CB · Mount Clemens, MI
Zoning description

Central Business (CB) Minor - - Industrial (I-1, I-2) Major Major Minor Minor 1 In instances where a "protected use" is developed adjacent to and after the use which is intended to provide the screening, the "protected u…

General category MIXED_USE
Top alternative use upside
Restaurant $865,000 +62.2%
Medical building $750,000 +40.5%
Commercial (general) $630,000 +17.6%

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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