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    Property profile & analytics

    7601 23rd Mile Rd Shelby Township, MI 48316-4425

    • Outlet malls
    • 103,043 SF
    • 9.21 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Sep 10, 2021
    Location Intelligence
    Property ID
    US43-1713547
    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.

    Current Use by Public Records

    • Kevin Mcdonald / Pharmacy
    • Joan Cosens / Pharmacy

    Property Details for 7601 23rd Mile Rd

    Year built
    1973
    Lot size
    9.21 lot acres
    Property size
    103,043 SF
    Zone code
    C-3
    Property type
    Outlet malls
    APN
    23-07-16-476-028
    APU
    230716476028

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Shelby Township
    County
    Macomb
    State
    Michigan
    Longitude
    -83.0364
    Latitude
    42.6708
    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
    $65,398
    $0.00
    $0.00
    $1,406,600
    -
    $0.00
    $0.00
    $2,813,200

    Comparable in this City

    • Value Estimation by Request
      33,603 SF

      8500 26th Mile Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 33,603 SF
      8500 26th Mile Rd, Shelby Township, MI 48316-1918
      View Details
    • Value Estimation by Request
      103,043 SF

      7601 23rd Mile Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 103,043 SF
      7601 23rd Mile Rd, Shelby Township, MI 48316-4425
      View Details
    • Value Estimation by Request
      33,662 SF

      7651 23rd Mile Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 33,662 SF
      7651 23rd Mile Rd, Shelby Township, MI 48316-4425
      View Details
    • Value Estimation by Request
      119,804 SF

      8760 26th Mile Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 119,804 SF
      8760 26th Mile Rd, Shelby Township, MI 48316-1917
      View Details
    • Value Estimation by Request
      125,426 SF

      8200 26th Mile Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 125,426 SF
      8200 26th Mile Rd, Shelby Township, MI 48316-5132
      View Details
    • Value Estimation by Request
      84,680 SF

      8320 26th Mile Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 84,680 SF
      8320 26th Mile Rd, Shelby Township, MI 48316-5133
      View Details

    Similar Nearby for Sale

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      22.6 Acre Commercial Land

      22.6 acre commercial land in Shelby Township, Michigan.
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    Similar Nearby for Lease

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      1,600 SF

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      Approved site for retail and medical units with drive-thru.
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    • $12 SF/Yr
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      Retail spaces available, high-traffic location.
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      37,204 SF

      Shops At River's Edge: Prime Commercial Space

      Multiple spaces available; high-traffic location.
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    • $35 SF/Yr
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      New Retail Center End Cap

      Newly developed retail space with potential drive-thru in Shelby.
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      View Details
    • $4,288 /Mo

      Former Brewery Retail Space Available

      Retail space with open floor plan in high-traffic location.
      52033 Van Dyke Ave, Utica, MI 48316
      View Details
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    7601 23rd Mile Rd
    Shelby Township, MI 48316-4425
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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