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Property profile & analytics
OFF-MARKET
Estimated value
$1,885,000
Retail space
70 Macomb Pl, Mount Clemens, MI 48043-5680
Entity Owned
13-yr Hold
Free & Clear
Property ID
US43-0751278
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
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
by Request
Comparable Approach
Comparable
$1.88M
Blend (final)
Blend
$1.89M
Owner & transaction history
Rft Group LLC · 13 yrs held
Rft Group LLC
since 2013
2 recorded transactions
Zoning & alternative use
CB · Mount Clemens, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Mount Clemens submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mount Clemens submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$2,865,000
Current use
AUTO REPAIR, GARAGE
$2,820,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$1.89M
Range $1.70M – $2.07M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$58 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$25,975
Tax year 2022
Assessed value
$641,700
Assessed 2023
Previous assessed
$601,500
+6.7% YoY
Effective rate
4.05%
On assessed value
Total market value
$1,283,400
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1903
Heating
FORCED AIR
Stories
2
Total area
32,770 SF
Lot
0.22 ac (9,453 SF)
Zoning code
CB
APN
05-11-14-203-009
UPID
US43-0751278
Jurisdiction
MACOMB
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
CB · Mount Clemens, MI
Zoning CB · permitted uses
CB · Mount Clemens, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mount Clemens. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$2.9M
AUTO REPAIR, GARAGE
Est. value
$2.8M
RETAIL STORES Current
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1903
Heating
FORCED AIR
Stories
2
Lot
0.22 ac
Current owner
From public records · entity-resolved
Rft Group LLC
Entity
Free & Clear · 13 yrs held
Mailing address
65 MACOMB PL STE F, MOUNT CLEMENS, MI 48043-8602
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 9, 2013
$475,000
Rft Group LLC
Garland City Properties LLC
Warranty Deed
—
Mar 31, 2004
$6,130,000
Garland City Properties LLC
Anton,gebran S JR
Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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