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Property profile & analytics

5250 Old Us Hwy 23 Brighton, MI 48114-7701

  • Commercial real estate
  • 0.34 lot acres
OFF-MARKET
Last Sale
Jan 29, 2024
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US43-0714093
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

  • Commercial real estate

Property Details for 5250 Old Us Hwy 23

Year built
2004
Lot size
0.34 lot acres
Zone code
B-2
Property type
Commercial real estate
APN
12-32-201-009
APU
1232201009

Description

This 3,306 square foot retail property, located at 5250 S Old US Hwy 23 in Brighton, Michigan (48114), is available for purchase. The sale includes both the existing business and the real estate, offering a unique opportunity for investment security and long-term growth. The property sits on a 0.34-acre lot and enjoys exceptional visibility on S Old US Hwy 23, a major thoroughfare with over 18,875 vehicles passing daily. This prime location benefits from proximity to several national retailers, including Kroger, Planet Fitness, Tropical Smoothie, and CVS, creating a high-traffic environment and increased customer exposure. The property's strategic position along Old US 23, a key route connecting Brighton and Hartland to I-96, provides access to both the Metro Detroit and Lansing markets. The surrounding area boasts a strong demographic profile, with over 50,000 residents within a five-mile radius and an average household income exceeding $124,000 annually. This presents a compelling opportunity to acquire a well-established business with significant growth potential in a thriving retail corridor. The existing business operations offer immediate revenue generation, while the property's location and high visibility provide a solid foundation for future expansion and increased profitability.


Value Estimations

based on Realmo’s proprietary methodology
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  • CAP approach

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  • Alternative Use

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Location Insight

  • Map
  • Local Demand
City
Brighton
County
Livingston
State
Michigan
Longitude
-83.7594
Latitude
42.528
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
2019
$5,934
$0.00
$0.00
$176,500
-
$0.00
$0.00
$353,000
More about this property
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