Property profile

70 Macomb Pl Mount Clemens, MI 48043

OFF-MARKET
Retail space
Property ID
US43-0751278
32,770 SF 0.22 ac lot Built 1903
Entity Owned 13-yr Hold Free & Clear
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Property summary

AI-generated overview

70 Macomb Place, a Class A mixed-use building in the heart of Mt. Clemens, Michigan, presents a unique investment opportunity. This beautifully renovated 1910 building boasts 31,488 square feet of space, offering flexible options for retail and office tenants. Currently, 3,300 square feet is available, divisible to a minimum of 200 square feet, with the potential to lease the entire building contiguously. The property sits on a 0.05-acre lot and features two stories, an elevator, and ample space for various business needs. Recent renovations (2023) ensure modern amenities within a historically significant structure. The building is zoned CB, reflecting its suitability for a range of commercial uses. This prime location in Mt. Clemens offers excellent visibility and accessibility, making it an ideal choice for businesses seeking a vibrant and established community. The property's combination of historic charm and modern updates creates a truly exceptional space for discerning tenants. Contact us today to learn more about leasing opportunities and explore the potential of this remarkable property. The minimum leasable space is 200 square feet, while the maximum contiguous space available is the entire 31,488 square feet.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1903
Total area 32,770 SF
Lot 0.22 ac (9,453 SF)
Zoning code CB
APN 05-11-14-203-009
UPID US43-0751278

Cap rate & NOI

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

Location

70 Macomb Pl Mount Clemens, MI 48043-5680
Mount Clemens metro Census 245100 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.88M
Blend (final) Blend
$550k

Owner & transaction history

since 2013
2 recorded transactions
2013
$475,000
2004
$6.1M

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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