8180 10 Mile RdCenter Line, MI 48015

  • Commercial real estate
  • 4,800 SF
For Sale
$325,000 View listing

Property Details for 8180 10 Mile Rd

Year built
1958
Construction
CONCRETE BLOCKS
Lot size
0.15 AC
Property size (Sq ft)
4,800 SF
Zone code
IND <20K SF
Property type
Commercial real estate
APN
01-13-27-101-010
APU
11327101010

Description

This 5,000 square foot vacant commercial property, located at 8180 E 10 Mile Rd in Center Line, Michigan (zip code 48015), presents a compelling value-add opportunity. The single-story, 1958-built building sits on a 0.32-acre lot and is zoned B-1A, suitable for retail or office use. Significant improvements have already been made, including the replacement of two bay doors, installation of newer windows, and a 75% roof replacement. The exterior has been freshly repainted, and the property features a fenced, secured parking area. Its location on the busy 10 Mile & Van Dyke corridor offers excellent visibility and accessibility. The city of Center Line is actively seeking new retail and commercial businesses, making this a particularly attractive investment. While all utilities require updating, the proximity to Heinrich's Bakery and the potential for lease options contribute to the property's strong investment potential. This is a rare chance to acquire a well-located, partially renovated commercial space with significant upside. The asking price is $325,000.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,142,704
    Hospitality
    $1,046,710
    Educational
    $870,851
    Medical
    $900,801
    Retail
    $1,354,657

Location Insight

City
Center Line
County
Macomb
State
Michigan
Latitude
42.4773
Longitude
-83.0244
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
$2,535
-
-
$42,500
-
-
-
$85,000

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