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    OFF-MARKET
    Office buildings

    7 Main St, Mount Clemens, MI 48043-5644

    31,906 SF 0.56 ac lot
    Individually Owned 3-yr Hold Free & Clear
    Property ID
    US43-5163473
    Property summary
    AI-generated overview

    This exceptional 31,906 square foot executive office building, located at 7 North Main Street in Mount Clemens, Michigan, presents a unique redevelopment opportunity. Built in 1898, this two-story Class C building sits on a 0.561-acre lot and is currently vacant. The property's prime location in the heart of the Central Business District, directly across from the courts and county offices, offers unparalleled access to the city's core. The permitted zoning is Commercial Downtown District, allowing for a wide range of commercial, residential, and mixed-use projects. The property's Assessed Parcel Number (APN) is 05-11-14-209-019. This is an ideal investment for developers seeking a prominent location in a thriving downtown area. The property is available for sale, lease, or build-to-suit arrangements, providing flexibility for various investment strategies. Its historical character combined with its strategic location makes this a truly remarkable opportunity for significant return. The building's substantial size and versatile zoning offer considerable potential for adaptive reuse and modernization. This property is situated in Macomb County, Michigan, with a zip code of 48043.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Total area 31,906 SF
    Lot 0.56 ac (24,437 SF)
    Zoning code CB
    APN 05-11-14-209-019
    UPID US43-5163473
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
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    Owner & transaction history
    Jeff Betz · 3 yrs held
    Jeff Betz
    since 2022
    Last sale
    $300,000
    6 recorded transactions
    2022
    $300,000
    2015
    $265,000
    2013
    $140,000
    2004
    $1.1M
    2004
    $7,500
    2004
    Zoning & alternative use
    CB · Mount Clemens, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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