Property profile

7 Main St Mount Clemens, MI 48043

OFF-MARKET
Office buildings
Property ID
US43-5163473
31,906 SF 0.56 ac lot
Individually Owned 4-yr Hold Free & Clear
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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

Location

7 Main St Mount Clemens, MI 48043-5644
Mount Clemens metro Census 245100 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$300k

Owner & transaction history

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
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

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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