68476 Main St Richmond, MI 48062-1297
Property profile & analytics
68476 Main St Richmond, MI 48062-1297
- Retail space
- 5,531 SF
- 0.36 lot acres
Property ID
US43-1314240
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.
Location Intelligence
Current Use by Public Records
- Retail space
Property Details for 68476 Main St
- Year built
- 1940
- Lot size
- 0.36 lot acres
- Property size
- 5,531 SF
- Zone code
- B-2
- Property type
- Retail space
- APN
- 07-06-01-152-001
- APU
- 70601152001
Description
This exceptional 5,531 square foot retail property, located at 68476 Main St, Richmond, MI 48062, presents a unique investment opportunity. Built in 1940, this building sits on a 0.47-acre lot and boasts 180 feet of road frontage, ensuring high visibility and accessibility. The property features a full basement, a two-car garage, a quaint carriage house, and ample parking for 15+ vehicles. Currently zoned B2 Commercial, the property offers a wide array of potential uses, including but not limited to a bed and breakfast, assisted living facility, daycare, restaurant, attorney's office, or tavern. The spacious layout includes a large second floor, ideal for mixed-use development, such as combining commercial space on the first floor with residential quarters above. The asking price is $210,000, translating to $38 per square foot. The land value alone is also assessed at $38 per square foot. This property presents a chance to revitalize a classic building in a desirable location, offering significant potential for return on investment. The Macomb County location and the property's versatile zoning make this a truly compelling opportunity for a savvy investor. The APN is 0601152001.
Value Estimations
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Richmond
- County
- Macomb
- State
- Michigan
- Longitude
- -82.7533
- Latitude
- 42.8057
- 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
2022
$3,771
$0.00
$0.00
$77,900
-
$0.00
$0.00
$155,800
