Property profile

84 Macomb Pl Mount Clemens, MI 48043

FOR SALE
Retail space
Property ID
US43-0161160
3,990 SF 0.05 ac lot Built 1910
Individually Owned 15-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional storefront property at 84 Macomb Place in Mount Clemens, Michigan, presents a unique investment opportunity. Boasting 2,660 square feet of retail space, this two-story building is ideally situated on a city lot that includes convenient rear parking. Built in 1910, the property retains its historic charm while offering significant potential for modern business ventures. The asking price is $195,000, translating to a price per square foot of $73.31. The property is zoned for retail use, specifically under the CB zoning designation. This versatile space is perfect for a variety of retail businesses, offering ample room for display, inventory, and customer interaction. The building's two stories provide flexibility in layout and design, allowing for creative use of space to maximize functionality and appeal. The inclusion of rear parking is a significant advantage in a bustling urban setting, providing convenient access for both customers and employees. Located in Macomb County, Michigan, with the address 84 Macomb Pl, Mount Clemens, MI 48043, this property offers excellent visibility and accessibility. This is a rare chance to acquire a well-located, historically significant retail space with significant upside potential. Don't miss this opportunity to own a piece of Mount Clemens history.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1910
Construction BRICK
Total area 3,990 SF
Lot 0.05 ac (2,004 SF)
Zoning code CB
APN 05-11-14-203-006
UPID US43-0161160

Cap rate & NOI

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

Location

84 Macomb Pl Mount Clemens, MI 48043
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
by Request
Blend (final) Blend
$120k

Owner & transaction history

since 2011
1 recorded transaction
2011
$140,000

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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